Master Tenant Security Agreement definition
Examples of Master Tenant Security Agreement in a sentence
The Master Lease shall be subject and subordinate to this Agreement, the Master Tenant Security Agreement, the Borrower’s Security Instrument, the Borrower’s Regulatory Agreement, and the Operator’s Regulatory Agreement.
The Master Lease shall be subject and subordinate to the First Mortgage Documents, this Agreement, the Master Tenant Security Agreement, the Borrower Security Instrument, the Borrower Regulatory Agreement, and the Operator Regulatory Agreement.
At the time of the closing of each Loan, the Master Tenant agrees to execute a Master Tenant Regulatory Agreement and a Master Tenant Security Agreement, and to cause each Operator to execute the applicable Operator Regulatory Agreement and the applicable Operator Security Agreement, and other applicable documents evidencing the Lender’s security interest in the collateral of the Master Tenant and each Operator.
The Master Lease shall be subject and subordinate to this Agreement, the Master Tenant Security Agreement, the Security Instrument, the Borrower’s Regulatory Agreement, and the Operator’s Regulatory Agreement.
The Master Tenant Security Agreement and UCC financing statements referred to in Section [15] hereof shall constitute, to the extent permitted by law, a first lien upon all of Master Tenant's rights, titles and interest, if any, in the Permits and Approvals.
Landlords and Master Tenant acknowledge that any proposed assignee or sublessee will be required to execute, as applicable, a Master Tenant Regulatory Agreement or Operator Regulatory Agreement and a Master Tenant Security Agreement or Operator Security Agreement, each in form and substance satisfactory to HUD, as a prerequisite to any such approval.
The Master Tenant agrees to comply with its obligations under the Master Tenant Regulatory Agreement and the Master Tenant Security Agreement, and agrees that a default by the Master Tenant under the Master Tenant Regulatory Agreement or Master Tenant Security Agreement shall be deemed to be a default of this Master Lease.
The Master Lease shall be subject and subordinate to the First Mortgage Documents, this Agreement, the Master Tenant Security Agreement, the Borrower’s Security Instrument, the Borrower’s Regulatory Agreement, and the Operator’s Regulatory Agreement.
The Master Lease shall be subject and subordinate to the First Mortgage Documents, this Agreement, the Master Tenant Security Agreement, the Borrower’s SecurityBorrower Security Instrument, the Borrower’s RegulatoryBorrower Regulatory Agreement, and the Operator’s RegulatoryOperator Regulatory Agreement.
The Loan shall be secured by inter alia (a) the Deed of Trust creating a first priority lien on the Mortgaged Property, (b) the Assignment of Leases and Rents creating a first priority lien on the Leases and the Property Income, (c) the Master Tenant Security Agreement and (d) the liens and security interests granted in the other Loan Documents.