Lessor Mortgage definition

Lessor Mortgage means, with respect to any Property, the Lease Supplement for such Property and any and all other security instruments in appropriate recordable form in each relevant jurisdiction sufficient to grant to the Lessor a first priority Lien on such Property.

Lessor Mortgage means the first priority statutory mortgage of the Ship and collateral deed of covenant (containing an assignment by the Lessor of its interest in the Insurances (other than the Insurances in respect of protection and indemnity and other third party risks) executed or (as the context may require) to be executed by the Lessor in favour of the Lessee in the agreed form as security for its obligations to pay certain sums to the Lessee under this Lease;

Lessor Mortgage means, with respect to each Property, the applicable Lease Supplement for such Property (if such Property is a Leased Property) and any and all other mortgages, deeds of trust and security instruments in appropriate recordable form in the relevant jurisdiction sufficient to grant to the Lessor a first priority Lien on such Property.

Examples of Lessor Mortgage in a sentence

• On or prior to the Acquisition Date or Replacement Date (as applicable), the Lessee shall have delivered to the Lessor (x) in the case of a Subject Property that is a Leased Property, the original counterpart of the Lease Supplement executed by the Lessee and the Lessor with respect to the Subject Property and (y) in the case of a Subject Property that is a Mortgaged Property, a Lessor Mortgage covering such Subject Property and in form and substance reasonably satisfactory to the Lessor.

• The Lessor may indirectly or directly grant a Lessor Mortgage of the whole or any part of this Agreement, and may assign such Lessor Mortgage or any interest therein, in accordance with the provisions of the Lease.

• The Lessor shall have received (x) evidence reasonably satisfactory to it that each of (i) the applicable Lease Supplement and any other instrument constituting a Lessor Mortgage and (ii) the Financing Statements relating to the Subject Property has been, or is being, recorded or filed in a manner sufficient to properly perfect its interests therein.

• If the Lessor assigns this Agreement pursuant to section 12.1 or defaults under any Lessor Mortgage granted pursuant to section 12.3 and the assignee or mortgagee, as the case may be, duly enters into possession of the Lessor's interest in this Agreement, then the Homeowner will attorn to and become the Homeowner of such assignee or mortgagee under the terms of this Agreement.

More Definitions of Lessor Mortgage

Lessor Mortgage means a deed of trust on all of the interest of the Lessee and the Construction Agent in the Property, in appropriate recordable form in each relevant jurisdiction sufficient to grant to the Lessor a first priority Lien on the Lessee's and Construction Agent's interest in the Property, which deed of trust shall be substantially in the form of Exhibit E-1 to the Participation Agreement and otherwise satisfactory in form and substance to the Participants.

Lessor Mortgage means any mortgage charging the leasehold interest of the Lessor in this Agreement (including, without limitation, any debenture, deed of trust, bond, assignment of rents or any other means) made to a mortgagee as security;

Lessor Mortgage means, with respect to the Property, the Memorandum of Lease and any and all other security instruments in appropriate recordable form in each relevant jurisdiction sufficient to grant to the Lessor a first priority Lien on the Lessee's interest in the Property.

Lessor Mortgage means the Mortgage and Security Agreement, dated the Documentation Date, made by Lessor, as mortgagor, in favor of Collateral Agent, as mortgagee.

Lessor Mortgage means, with respect to the Facility, a mortgage made by Owner Trust in favor of, or for the benefit of Collateral Agent in form and substance reasonably satisfactory to Administrative Agent and Owner Trust, to be entered into on the Closing Date.

Lessor Mortgage means with respect to the Project, a mortgage, substantially in the form of Exhibit G hereto, pursuant to which the Company grants a first priority Lien on its interest in the Project and the rents arising therefrom to the Collateral Agent for the benefit of the secured parties referred to therein.

Lessor Mortgage means the Master Lease and any and all other security instruments in appropriate recordable form in Bowie County, Texas sufficient to grant to the Agent Lessor a first priority Lien on the Property.