Mortgagee's Right to Cure definition

Mortgagee's Right to Cure. Anything in the Lease to the contrary notwithstanding, Tenant agrees that it will not terminate the Lease or withhold any rents due thereunder because of Landlord's default in the performance thereof until tenant has first given notice to Landlord and to the holder of any deed of trust specifying the nature of any such default by Landlord and allowing the said holder, at its option, thirty (30) days after date of such notice to cure the default, or a reasonable period of time in addition thereto if circumstances are such that the default cannot be cured within a thirty (30) day period. Tenant agrees to subordinate the Lease to any mortgage or deed of trust on the leased premises. In the event of foreclosure, Tenant agrees to attorn to the purchaser of the leased premises at the foreclosure sale. TENANT: WITNESS: [Name of Tenant] By: Name: Title: TENANT ESTOPPELS o Omni Superstore 76,258 s.f. o Fashion Bug 9,600 s.f. o So Fro Fabrics 9,800 s.f. o McDonalds PAD TOTAL 95,658 s.f. o Tenant's occupying at least 70% of the remaining space at the Property. [(143,759 s.f. - 95,658 s.f.) X 70% = 33,670 s.f. EXHIBIT G LITIGATION NONE EXHIBIT H OPERATING STATEMENTS AND BUDGET EXHIBIT I PERSONAL PROPERTY NONE EXHIBIT J MORTGAGE EXHIBIT K NOTE EXHIBIT L LOAN DOCUMENTS -ix- EXHIBIT M CONFIDENTIAL INFORMATION STATEMENT -x- EXHIBIT N CONTINGENT LEASING COMMISSIONS EXHIBIT O PARTNERS OF CONTRIBUTOR
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Related to Mortgagee's Right to Cure

  • Default Right has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • 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.

  • Access Rights means licences and user rights to foreground or background;

  • Exercise Any Secured Creditor Remedies or “Exercise of Secured Creditor Remedies” shall mean:

  • Leasehold Mortgagee means the holder of a Leasehold Mortgage.

  • Eligible Mortgagee means the holder of a security interest on a unit that has filed with the secretary of the association a written request that it be given copies of notices of any action by the association that requires the consent of mortgagees.

  • Exercise Right means the Exercise Right as specified in § 3 (1) of the Special Conditions.

  • Exercise of Secured Creditor Remedies means, except as otherwise provided in the final sentence of this definition:

  • Permitted Remedies means, with respect to any securities, one or more of the following remedies:

  • Cure Right shall have the meaning assigned to such term in Section 7.03.

  • Default Rights has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

  • Facility Mortgagee means the holder of any Facility Mortgage.

  • Exclusive Right to Sell listing means that if you, the owner of the property, find a buyer for your house, or if another broker finds a buyer, you must pay the agreed commission to the present broker.

  • Election to Foreclose Any election by the Purchaser to proceed with the Commencement of Foreclosure, made in accordance with Section 2.03(a).

  • Enforcement Notice means a written notice delivered by either the ABL Agent or the Term Agent to the other announcing that an Enforcement Period has commenced.

  • Remedies means actions designed to restore or preserve the complainant’s equal access to education after a respondent is found responsible. Remedies may include the same individualized services that constitute supportive measures, but need not be non-punitive or non-disciplinary, nor must they avoid burdening the respondent.

  • Right shall have the meaning set forth in the second paragraph hereof.

  • Notice of Intent to Cure has the meaning specified in Section 6.02(b).

  • Exercise means a Holder’s right to exercise the Securities, in accordance with Product Condition 3;

  • 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.

  • land tenure right means an old order right or a new order right as defined in section 1 of the Communal Land Rights Act, 2004 (Act No.11 of 2004);

  • Landlord Default shall have the meaning given such term in Article 14.

  • Right of Others means, as to any Property in which a Person has an interest, any legal or equitable right, title or other interest (other than a Lien) held by any other Person in that Property, and any option or right held by any other Person to acquire any such right, title or other interest in that Property, including any option or right to acquire a Lien; provided, however, that (a) no covenant restricting the use or disposition of Property of such Person contained in any Contractual Obligation of such Person and (b) no provision contained in a contract creating a right of payment or performance in favor of a Person that conditions, limits, restricts, diminishes, transfers or terminates such right shall be deemed to constitute a Right of Others.

  • Right of Co-Sale means the right, but not an obligation, of an Investor to participate in a Proposed Key Holder Transfer on the terms and conditions specified in the Proposed Transfer Notice.

  • Event of Default Under the Trust Indenture With respect to any MBS, any “Event of Default” under the Trust Indenture pursuant to which such MBS was issued. Xxxxxx Xxx: Federal National Mortgage Association, a body corporate organized and existing under the laws of the United States, or its successor in interest or any successor appointed as herein provided. Unless the context requires otherwise, the term “Xxxxxx Mae” shall be deemed to refer to the Federal National Mortgage Association acting in its corporate capacity and not in its capacity as Trustee hereunder.

  • Foreclosure means the process by which a property, placed as security for a real estate loan, is sold at auction to satisfy the debt if the trustor (borrower) defaults.