Lender Recognition Agreement definition

Lender Recognition Agreement means an agreement in form and substance satisfactory to the Landlord between the Landlord, Tenant and a Leasehold Mortgagee pursuant to which the Landlord undertakes in favor of the Leasehold Mortgagee that in the event of a default by Tenant the Landlord will recognize the Leasehold Mortgagee as a direct lessee of the Landlord under the terms set forth in this Lease upon completion of a foreclosure or assignment in lieu of foreclosure under the applicable Trust Deed, on the condition that said Leasehold Mortgagee cures all defaults by Tenant under this Lease that are curable by such Leasehold Mortgagee after such foreclosure or acquisition of title.
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Examples of Lender Recognition Agreement in a sentence

  • All such financing shall be the sole responsibility of Tenant; provided, however, University shall enter into a Lender Recognition Agreement as provided in Section 14.2 below.

  • Nothing in the foregoing shall obviate the provisions of Section 14.2 to provide a Lender Recognition Agreement.

Related to Lender Recognition Agreement

  • Recognition Agreement With respect to any Cooperative Loan, an agreement between the Cooperative Corporation and the originator of such Mortgage Loan which establishes the rights of such originator in the Cooperative Property.

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Assignment of Recognition Agreement With respect to a Cooperative Loan, an assignment of the Recognition Agreement sufficient under the laws of the jurisdiction wherein the related Cooperative Unit is located to reflect the assignment of such Recognition Agreement.

  • Master Services Agreement means the master services agreement dated as of the date hereof, among the Service Providers, the Partnership, the Holding LP, the Holding Entities and others;

  • Allocation Agreement or “Agreement” shall mean this NMTC Program Allocation Agreement between the Fund and the Allocatee and Subsidiary Allocatee, as the case may be, including the Organization Specific Terms and Conditions (Schedule 1) and the General Allocation Terms and Conditions (Schedule 2) and any attachments hereto, as such Agreement may, from time to time, be amended in accordance with its terms.

  • Alliance Agreement has the meaning given to such term in paragraph 11.2 of Schedule 13 (Information and Industry Initiatives);

  • Implementation Agreement means the Implementation Agreement dated ……… by and between the GOB, PGCB and the Company in connection with the Project, and also includes any amendment of it made from time to time;

  • Master Transaction Agreement has the meaning set forth in the recitals.

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;

  • Transaction Agreement has the meaning set forth in the recitals.

  • Novation Agreement means a legal instrument—

  • Primary Agreement means the agreement to which this exhibit is attached.

  • Finance agreement means a loan, lease, or installment sale agreement for a motor vehicle. The term includes, but is not limited to, an installment sale contract, a retail installment contract, or a retail charge agreement.

  • Support Agreement has the meaning set forth in the Recitals.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • Assistance Agreement means a for- mal, written agreement between the CDFI Fund and an Awardee which specifies the terms and conditions of assistance under this part;

  • Bank Services Agreement is defined in the definition of Bank Services.

  • Transition Agreement has the meaning set forth in Section 12.8.1.

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Services Agreement means an agreement entered into between a Utility and one or more Affiliates for the provision of Shared Services or For Profit Affiliate Services and shall provide for the following matters as appropriate in the circumstances:

  • Sponsor Management Agreement means the Management Agreement between certain of the management companies associated with the Sponsors and the Borrower.

  • Loan Modification Agreement means a Loan Modification Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Borrower, among the Borrower, the other Loan Parties, one or more Accepting Lenders and the Administrative Agent.

  • Formation Agreement has the meaning attributed to it in Recital A;

  • Sponsor Letter Agreement has the meaning set forth in the recitals to this Agreement.

  • Client Agreement means the agreement between the Company and the Client, which together with the Terms of Business are defined as “Operative Agreements” and govern the terms on which the Company deals with the Client.