Lessor Mortgage definition

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

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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 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.

Examples of Lessor Mortgage in a sentence

Under the Lessor Mortgage and Assignment, the Chargor, as security for the Secured Obligations, mortgaged to the Chargee the Vessel by way of first priority mortgage and assigned to the Chargee all the Assigned Rights.
The Chargee shall from time to time execute and do all such further assurances, deeds, acts and things (including the giving of notices and the making of any filings and/or registrations consequent upon this Deed) as the Chargor may reasonably request in writing in connection with the release and discharge of the Lessor Mortgage and Assignment.
Any mortgage made by Lessor (referred to herein as "Lessor Mortgage") covering its interest in the Premises shall be subject to the rights of Lessee and any Leasehold Mortgagees in the Premises, as set forth in this Lease.
Lessor agrees that any such Lessor Mortgage shall include a clause stating that such Lessor Mortgage is so subject as set forth above, but any such Lessor Mortgage shall automatically be subject to this Lease regardless of whether or not any such clause is in fact included in such Lessor Mortgage.
If any proceedings are brought for the foreclosure of, or in the event of exercise of the power of sale under, any Lessor Mortgage or if Lessor sells, conveys or otherwise transfers its interest in the Premises, Lessee hereby agrees to attorn to whatever party legally succeeds to the interest of Lessor in the Premises.

More Definitions of Lessor Mortgage

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.

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, 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 a deed of trust on all of the interest of the Lessee in the Property, in appropriate recordable form sufficient to grant to the Lessor a first priority Lien on the Lessee’s interest in the Property, which deed of trust shall be substantially in the form of Exhibit E-1 to the Participation Agreement.

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.

Lessor Mortgage shall have the definition set forth in Section 5.6.

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.