Lessee Mortgage definition

Lessee Mortgage means with respect to the Project, a mortgage, substantially in the form of Exhibit H hereto, pursuant to which the Lessee grants a first priority Lien on the Lessee's interest in the Project to the Company.
Sample 1Sample 2
Lessee Mortgage has the meaning set forth in Section 11(a).
Sample 1
Lessee Mortgage has the meaning set forth in Section 11.01 of the Lease.
Sample 1

Examples of Lessee Mortgage in a sentence

  • Notwithstanding any provision of this Agreement to the contrary, the Parties agree that so long as any Lessee Mortgage remains outstanding, this Agreement shall not be modified or amended, and Owner shall not accept a surrender, cancellation, or release of all or any part of Lessee Property from Lessee, prior to expiration of the Term of this Agreement, without the prior written consent of the Lessee Mortgagee holding such Lessee Mortgage.

  • Whenever Xxxxxx has granted a security interest under this Section 11, it will give Owner notice of the Lessee Mortgage (including the name and address of the Lessee Mortgagee for notice purposes) to Owner within 30 days; provided that failure to give this notice shall not constitute a default under this Agreement, but rather shall only have the effect of not binding Owner to provide such Lessee Mortgage notice until the Lessee and its address is given to Owner.


More Definitions of Lessee Mortgage

Lessee Mortgage has the meaning set forth in paragraph 20(d) of the Lease.
Sample 1
Lessee Mortgage is defined in the ninth recital to the Participation Agreement, the provisions for which shall be contained in each Lease Supplement.
Sample 1
Lessee Mortgage means, with respect to the Facility, a mortgage made by Agent in favor of or, for the benefit of, Owner Trust in form and substance reasonably satisfactory to Administrative Agent, Owner Trust and Agent, to be entered into on the Closing Date.
Sample 1

Related to Lessee Mortgage

  • 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.

  • Mortgagee means the mortgagee, grantee or beneficiary under any Mortgage, any holder of legal title to any portion of any Mortgage Loan or, if applicable, any agent or servicer on behalf of such party.

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • Mortgagor The obligor on a Mortgage Note.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

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

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

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

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • Superior Landlord means and includes people or persons to whom the ownership or interest in the Leasehold Property might revert in the fullness of time.

  • Security Instrument means the multifamily mortgage, deed to secure debt or deed of trust effective as of the effective date of this Note, from Borrower to or for the benefit of Lender and securing this Note.