Examples of Leasehold Mortgages in a sentence
If this is a leasehold mortgage on First Nation land, please see our Additional Instructions to Lawyer – Leasehold Mortgages on Indian Lands (Form 4231) on our legal documents website.
Without limiting the generality of the foregoing, Lessee may execute and deliver Leasehold Mortgages to secure promissory notes evidencing construction, interim or permanent financing for the Premises or to secure Lessee’s obligations under development, reimbursement or other agreements with governmental or quasi-governmental entities, utility companies or other third parties concerning matters such as sales or property tax abatement or rebate programs, public improvements or utilities.
Throughout the Term, Lessee may from time to time and without Lessor’s consent execute and deliver one or more Leasehold Mortgages securing any indebtedness or other obligation of Lessee.
State acknowledges that Lessee is making a substantial investment in the Rehabilitation and will finance a substantial portion of such investment through Loans to be secured by Leasehold Mortgages as further described in this Lease.
State and Lessee further acknowledge that such insurance proceeds will likely be encumbered by one or more Leasehold Mortgages during the Term.