Mortgagee Protections definition

Mortgagee Protections means the rights set forth in Section 17.2 of this Agreement, including (a) the rights to receive Notices or cure defaults; (b) the right to give or withhold such Leasehold Mortgagee’s consent where required hereby; (c) the right to a new lease agreement on the terms specified herein; and (d) all other rights, remedies, protections, privileges, and powers of such Leasehold Mortgagee and any Person claiming through or under such Leasehold Mortgagee, including such Leasehold Mortgagee’s designee to be the Team under a new lease agreement or any Post-Foreclosure Tenant including after any premature termination of this Agreement.
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Mortgagee Protections means, as to any Mortgagee, all rights, protections, and privileges of such Mortgagee as expressly provided for under this Lease, including the following:
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Mortgagee Protections means (a) the rights to receive Notices or cure defaults; (b) the right to give or withhold such Leasehold Mortgagee’s consent where required hereby; (c) the right to a new lease agreement on the terms specified herein; and (d) all other rights, remedies, protections, privileges, and powers of such Leasehold Mortgagee and any Person claiming through or under such Leasehold Mortgagee, including such Leasehold Mortgagee’s designee to be the Team under a new lease agreement or any Post-Foreclosure Tenant including after any premature termination of this Agreement.
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Examples of Mortgagee Protections in a sentence

  • The author has tried to apply them consis- tently in these Leasehold Mortgagee Protections.

  • The sample Leasehold Mortgagee Protections below define many capitalized terms.

  • That issue belongs in the intercreditor agreement among Leasehold Mortgagees, not the Leasehold Mortgagee Protections.

  • Except as qualified by Section 12 regarding Mortgagee Protections, should a default remain uncured beyond the applicable cure periods, the non-defaulting Party shall have the right to exercise any and all remedies available to it at law or in equity, all of which remedies shall be cumulative, including the right to enforce this Agreement by injunction, specific performance or other equitable relief.

  • The Investor Limited Partner will also be entitled to Mortgagee Protections until such time as the Investor Limited Partner is not a member a Lessee.

  • A Leasehold Mortgagee may, by notice to the County, temporarily or permanently waive any Mortgagee Protections as specified in such notice.

  • It can, however, lead to complexity, verbiage, negotiations, and risk of error.3At the opposite extreme, Tenant and its counsel might say a Lease should contain only the bare mini- mum Leasehold Mortgagee Protections necessary to satisfy the literal requirements and expectations of the rating agencies.

  • Any New Lease or a memorandum thereof shall be in recordable form, and shall include all the same Mortgagee Protections for the benefit of any Leasehold Mortgagee of New Lessee as provided in this Lease.

  • The following ‘‘medium’’ Leasehold Mortgagee Pro- tections cover a few of those fundamental ‘‘shared is- sues’’ 7 before turning to issues of concern primarily to Leasehold Mortgagees.The numbered comments at the end of this article (the ‘‘endnotes’’) describe some judgment calls, be- yond mere omissions, that these Leasehold Mortgagee Protections reflect.

  • Legal documents don't need to be written in some weird and perverted form of quasi-English, marked by long sentences, convoluted verb structures, the passive voice, redundancy, and gratuitous complexity.10The author welcomes comments on these Leasehold Mortgagee Protections, both substantive and stylistic.


More Definitions of Mortgagee Protections

Mortgagee Protections means, for any Leasehold Mortgagee, all rights, protections, and privileges of such Leasehold Mortgagee under this Lease, including: (1) any right to receive Notices and/or to cure Tenant Events of Default, including any Leasehold Mortgagee’s Cure Rights; (2) all provisions in a New Lease; and (3) all other rights, remedies, protections, privileges, and powers of such Leasehold Mortgagee and anyone claiming through or under such Leasehold Mortgagee, including a New Tenant and any Post-Foreclosure Tenant.
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Mortgagee Protections means, for any Mortgagee, all rights, protections, and privileges of such Mortgagee under this Lease, including: (1) any right to receive Notices and/or to cure defaults (including, in the case of a Leasehold Mortgagee, all Leasehold Mortgagee's Cure Rights); (2) in the case of a Leasehold Mortgagee, any requirement for Leasehold Mortgagee's Consent and all provisions regarding a New Lease; and (3) all other rights, remedies, protections, privileges, and powers of such Mortgagee and anyone claiming through or under such Mortgagee, including (in the case of any Leasehold Mortgagee) a New Tenant and any Successor Tenant.
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Related to Mortgagee Protections

  • MFN Protection has the meaning set forth in Section 2.14(e)(iii).

  • Flood Insurance means the insurance coverage provided under the National Flood Insurance Program.

  • Cathodic protection means a technique designed to prevent the corrosion of a metal surface by making that surface the cathode of an electrochemical cell. For example, protection can be accomplished with an impressed current system or a galvanic anode system.

  • Property Protection Advances shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement or Non-Lead Securitization Servicing Agreement, as applicable.

  • Flood Insurance Laws means, collectively, (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute thereto and (iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto.

  • Credit property insurance means insurance:

  • Federal Flood Insurance means federally backed Flood Insurance available under the National Flood Insurance Program to owners of real property improvements located in Special Flood Hazard Areas in a community participating in the National Flood Insurance Program.

  • Housing Act means the United States Housing Act of 1937, as amended, or its successor.

  • FDICIA shall have the meaning assigned in Section 26.5.

  • Flood Insurance Rate Map means the most recent flood hazard map published by the Federal Emergency Management Agency under the National Flood Insurance Act of 1968 (42 U.S.C. Section 4001 et seq.).

  • Nonrecoverable Property Protection Advance shall have the meaning assigned to the term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • the 1984 Act means the Road Traffic Regulation Act 1984;

  • the 1981 Act which means the Compulsory Purchase (Vesting Declarations) Act 1981.

  • Consumer Protection Act means the Consumer Protection Act, No. 68 of 2008 (as amended from time to time).

  • the 1961 Act means the Land Compensation Act 1961(d); “the 1965 Act” means the Compulsory Purchase Act 1965(e); “the 1980 Act” means the Highways Act 1980(f);