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

  • Notwithstanding the foregoing, the Grantors shall not be required to execute and deliver a Leasehold Mortgage with respect to any Leasehold Mortgaged Property if such Grantor shall have determined in good faith that the higher of (a) the book value or (b) the fair market value of the requested Leasehold Mortgage is less than $3,000,000 and provided evidence of such determination to the Collateral Agent.

  • 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.

  • Foothill and Borrower acknowledge, understand and agree (a) that with respect to all of the Leasehold Mortgaged Properties, no Leasehold Mortgage may be placed on a Leasehold Mortgaged Property without the prior written consent of the lessor of the Leasehold Mortgaged Property (the "Lessor").

  • In the event that the required Lessor consent cannot be obtained by Borrower or Borrower's Subsidiary, as the case may be, with respect to a Leasehold Mortgaged Property, then no Leasehold Mortgage shall be placed on such Leasehold Mortgaged Property.

  • OF THE FUNDING 2 DEED OF CHARGE The terms and conditions of CLAUSE 7 and this CLAUSE 8 are to be read in conjunction with the provisions of the Funding 2 Deed of Charge, as the same may be amended or varied from time to time in accordance with the provisions thereof.

  • Furthermore, each Borrower which has an interest in a Leasehold Mortgaged Property hereby assigns, transfers and sets over unto Lender all rights it may have in connection with such bankruptcy or similar proceeding.

  • The Administrative Agent shall have received with respect to each Mortgaged Property (other than any Post-Closing Date Mortgaged Property and any Specified Leasehold Mortgaged Property), an appraisal of the value, or a valuation, of such Mortgaged Property, which shall be reasonably satisfactory to the Administrative Agent.

  • Set forth on Schedule 6.22(a) is a list of all Real Properties (and whether such property is a Mortgaged Property or a Leasehold Mortgaged Property) with street address, county and state where located, and in the case of each Leasehold Mortgaged Property, the name of the lessor and lessee, the amount of the annual rent and the expiration date of the leasehold interest.

  • The Administrative Agent shall have received a Mortgage with respect to each Mortgaged Property (other than any Post-Closing Date Mortgaged Property and any Specified Leasehold Mortgaged Property) executed and delivered by a duly authorized officer of each party thereto.

  • Set forth on SCHEDULE 6.22(A) is a list of all Real Properties (and whether such property is a Mortgaged Property or a Leasehold Mortgaged Property) with street address, county and state where located, and in the case of each Leasehold Mortgaged Property, the name of the lessor and lessee, the amount of the annual rent and the expiration date of the leasehold interest.


More Definitions of Leasehold Mortgaged Property

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 has the meaning ascribed thereto in the Security Agreements.
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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 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 Notes 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 (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • 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.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Additional Mortgaged Property shall have the meaning provided in Section 8.11(a).

  • Leasehold Property means any leasehold interest of any Credit 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(h).

  • 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 means all real property and interests in real property leased by the Company or one of its Subsidiaries.

  • 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 any one of the Borrowing Base Properties.

  • Material Leasehold Property means a Leasehold Property which (a) is a retail or super store or distribution center or (b) has been reasonably determined by the Administrative Agent to be of material value as Collateral or of material importance to the operations of the Credit Parties after weighing the value of such property as additional Collateral against the costs and expenses associated with satisfying the requirements of Section 6.13.

  • 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 Collateral Agent.