Leasehold Mortgagee definition

Leasehold Mortgagee means the holder of a Leasehold Mortgage.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Leasehold Mortgagee means the holder(s) of any promissory note or the obligee(s) of any other obligation secured by a Leasehold Mortgage.

Leasehold Mortgagee means a Lender which is the holder of a Leasehold Mortgage.

Examples of Leasehold Mortgagee in a sentence

• No fire or casualty loss claims shall be settled without the prior written consent of the Leasehold Mortgagee holding such Leasehold Mortgage that is prior in lien.

• Nothing in this subsection (G) of this Section 4.1, however, shall be construed to extend this Lease beyond the original term hereof as extended by any options to extend the term of this Lease properly exercised by Tenant or a Leasehold Mortgagee in accordance with the terms of such Leasehold Mortgagee’s Leasehold Mortgage nor to require a Leasehold Mortgagee to continue such foreclosure proceedings, after the Default has been cured.

• A Standard Mortgagee Clause naming each Leasehold Mortgagee shall be added to any and all insurance policies required to be carried by Tenant and the insurance proceeds will be paid to the Leasehold Mortgagee holding the Leasehold Mortgage that is prior in lien, to be held for the benefit of the parties and applied in the manner specified in this Lease and the Leasehold Mortgage that is prior in lien.

• No such notice by Landlord to Tenant shall be deemed to have been duly given (nor shall Landlord be entitled to terminate this Lease pursuant to Article 11 hereof) unless and until a copy thereof has been so provided to every Leasehold Mortgagee.

• Nothing contained in this section shall be deemed or construed to preclude Tenant or any Leasehold Mortgagee from seeking and obtaining specific performance of Landlord’s obligations under this section.

More Definitions of Leasehold Mortgagee

Leasehold Mortgagee is defined in Section 17.1.4.

Leasehold Mortgagee as used in this Section shall refer to any and all holders of a Leasehold Mortgage approved by Lessor pursuant to the terms hereof. Lessor hereby approves of ▇▇▇▇▇▇ Guaranty Trust Company of New York, as collateral agent, as the initial Leasehold Mortgagee, and any agent for any credit facilities secured by Tenant’s leasehold interest hereunder that are entered into by Tenant pursuant to the Tenant Credit Agreement.

Leasehold Mortgagee. As defined in Section 22.2(b).

Leasehold Mortgagee means and refer to holder or holders of the indebtedness secured by a Leasehold Mortgage.

Leasehold Mortgagee shall have the meaning set forth in Section 20.2 below.

Leasehold Mortgagee means any mortgagee, trustee, or secured party under a Leasehold Mortgage. The Leasehold Mortgagee shall be an insurance company, savings bank, commercial bank (acting as a trustee, agent or otherwise), or other institutional lending source having a capital and surplus or net assets of at least Two Hundred Fifty Million Dollars ($250,000,000).

Leasehold Mortgagee with respect to the Facility Site Lease, shall have the meaning set forth in Section 15.3 of the Facility Site Lease.