Qualified Mortgagee definition

Qualified Mortgagee means any Leasehold Mortgagee who notifies Lessor in writing of its name, its address for notices and the fact that it is a Leasehold Mortgagee and includes with such notice a copy of any Leasehold Mortgage by virtue of which it became a Leasehold Mortgagee.

Qualified Mortgagee is defined as:

Qualified Mortgagee means a Mortgagee of which the RDA has been given written notice, including such Mortgagee’s name and address.

Examples of Qualified Mortgagee in a sentence

• Additionally, if the Foreclosure Transferee is a Qualified Mortgagee, such Qualified Mortgagee shall have the right to assign its interest under this Lease without the consent of Lessor and, upon such assignment, Lessor shall recognize the assignee as a substitute Lessee under this Lease and the Qualified Mortgagee shall be released of any further liability under the Lease.

• In the case of notices to a Qualified Mortgagee, to the address set forth in its most recent notice to Lessor.

• Additionally, if the Foreclosure Transferee is a Qualified Mortgagee, such Qualified Mortgagee shall have the right to assign its interest under this Lease without the consent of Lessor and, upon such assignment, Lessor shall recognizethe assignee as a substitute Lessee under this Lease and the Qualified Mortgagee shall be released of any further liability under the Lease.

• For any entity which is deemed a Qualified Mortgagee under Section 10(a) herein, that entity shall be entitled to an additional 2 years from the recordation of a foreclosure deed to sell the Residential Unit to a Qualified Household.

• Landlord retains the absolute and unconditional right to convey fee title in the Leased Premises or an interest or estate therein, subject to this Lease and the interest of any Qualified Mortgagee.

More Definitions of Qualified Mortgagee

Qualified Mortgagee means the mortgagee or mortgagees under or pursuant to a Qualified Mortgage.

Qualified Mortgagee is defined in Section 13.03.

Qualified Mortgagee means a Mortgagee of which Agency has been given written notice, including such Mortgagee’s name and address. A Qualified Mortgagee shall be a Mortgagee of public record as evidenced by a title report delivered to Agency.

Qualified Mortgagee means a Mortgagee of which the RDA has been provided examples of previously successful development initiatives, similar in scope and scale to the submitted proposal. The RDA shall be given written notice, including such Mortgagee’s previous developments, name and address which has been evaluated and verified as qualified by the selection committee. This will be evaluated through the selection criteria highlighted in Section III – Selection Process and Criteria, of the RFP document.

Qualified Mortgagee means any Leasehold Mortgagee who notifies Lessor in writing of its name, its address for notices and the fact that it is a Leasehold Mortgagee and includes with such notice a copy of any Leasehold Mortgage by virtue of which it became a Leasehold Mortgagee. Notwithstanding the foregoing or any other provision of this Lease to the contrary, Lessor will have no obligation to recognize more than three Leasehold Mortgagees as Qualified Mortgagees at any given time. If more than three Leasehold Mortgagees exist, then Lessee will notify Lessor in writing of the three Leasehold Mortgagees that Lessor should recognize. If Lessee fails to notify Lessor of the three Leasehold Mortgagees that Lessor should recognize, then Lessor will recognize the three first in time Leasehold Mortgagees that have notified Lessor.

Qualified Mortgagee means any Leasehold Mortgagee who notifies Lessor in writing of its name, its address for notices, and the fact that it is a Leasehold Mortgagee. At commencement, a Qualified Mortgagee for the Project is: Centaurus Renewable Energy LLC Attn: Xxxxx Xxxxx Attn: Xxxxxxx X Xxxxxxx 0000 Xxxx Xxxx Xxxxx, Xxxxx 0000 Houston, TX 77027 Email: xxxxxx@xxxxxxx.xxx Email: xxxxxxxx@xxxxxxxxxxxxxxx.xxx Telephone: (000) 000-0000

Qualified Mortgagee means any holder of a Qualified Mortgage.