Leasehold Mortgaged Property definition

Leasehold Mortgaged Property means each parcel of real property and any improvements located thereon and rights appurtenant thereto leased by a Lien Grantor that is subject to a Transaction Lien pursuant to Section 5.18 or 5.19.
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Leasehold Mortgaged Property. A Mortgaged Property for which an Issuer (or the applicable Borrower, in the case of a Mortgaged Property securing a Mortgage Loan) does not own fee title to the related property, but instead has entered into a ground lease with the owner of the property and therefore possesses a leasehold estate in such property, along with title to the buildings and other improvements located on such property.
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Leasehold Mortgaged Property and "Trust Property" as defined in any Security Document, taken as a whole, and including in addition, for purposes of this definition, Foreign Subsidiary Guarantees.
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Examples of Leasehold Mortgaged Property in a sentence

  • Following the Closing Date, the Company may add additional tracts of real property owned (or to the extent constituting a Permitted Leasehold Mortgaged Property, leased) by the Company or any of its Subsidiaries as Mortgaged Properties (each an “Additional Mortgaged Property”), subject to the satisfaction of the Additional Mortgaged Property Requirements.

  • The foregoing shall not affect the priority of the assignment of DT’s interests in the Leasehold Mortgaged Property in connection with the BankUnited Leasehold Mortgage or any such direct lease.


More Definitions of Leasehold Mortgaged Property

Leasehold Mortgaged Property and "Trust Property", as defined in any Security Document, and all other property subject to any Security Document.
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Leasehold Mortgaged Property has the meaning ascribed thereto in the Security Agreements.
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Leasehold Mortgaged Property means the retail discount store more fully described on Schedule 11, Part B, attached to the Note Agreement in which the Company holds a leasehold interest, and each and every substitution and replacement thereof in accordance with the terms and provisions of this Indenture and the related Mortgage, provided that if any such substitution or replacement is a Leasehold Mortgaged Property, the ground lease relating thereto shall be in form and substance satisfactory to the holders of at least 66-2/3% of the outstanding principal amount of the Notes.
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Leasehold Mortgaged Property shall have the meaning specified in Section l(a) hereof.
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Related to Leasehold Mortgaged Property

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Leasehold Mortgage means any leasehold deed of trust, mortgage, deed to secure debt, assignment of leases and rents, assignment, security agreement, or other security document securing financing from a lender of Tenant and encumbering Tenant’s leasehold interest in any Demised Property.

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Note Mortgage and/or an ABL Mortgage.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Leasehold Mortgagee means the holder of a Leasehold Mortgage.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Leasehold Property means any leasehold interest of any Loan Party as lessee under any lease of real property.

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Closing Date Mortgaged Property as defined in Section 3.1(i).

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

  • Foreclosure Property shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • Material Leasehold Property means a Leasehold Property reasonably determined by Administrative Agent to be of material value as Collateral or of material importance to the operations of Company or any of its Subsidiaries.

  • Personal Property Collateral means all Collateral other than Real Property.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit K with such amendments or modifications as may be approved by the Collateral Agent.