Senior Mortgagee definition

Senior Mortgagee means the entity named as such in the first paragraph of this Agreement and any other person or entity who subsequently becomes the obligor under the Credit Enhancement Agreement.

Senior Mortgagee means the “Lender” as defined in the Senior Mortgage. When any other person or entity becomes the legal holder of the Senior Note, such other person or entity will automatically become Senior Mortgagee.

Senior Mortgagee means Northern Shipping Fund III LP, a limited partnership formed in Delaware, United States of America, acting through its office at One Stamford Landing, Suite 212, 00 Xxxxxxxxxx Xxxxxx, Xxxxxxxx, XX 00000, X.X.X.;

Examples of Senior Mortgagee in a sentence

• Subject to the provisions of this Lease directing the application of such funds, the Senior Mortgagee may reserve the right to apply to its Leasehold Mortgage debt all, or any part, of Tenant’s share of the proceeds from any insurance policies or any Condemnation Award arising from a Condemnation pursuant to the provisions of such Leasehold Mortgage.

• Subordinate Mortgagee acknowledges that the provisions of this Section 5(c) are fair and reasonable under the circumstances, that Subordinate Mortgagee has received a substantial benefit from Senior Mortgagee having granted its consent to the Subordinate Mortgage, and that Senior Mortgagee would not have granted such consent without the inclusion of these provisions in this Agreement.

• All original policies of insurance required pursuant to the Senior Loan Documents shall be held by the Senior Mortgagee.

• All original policies of insurance required pursuant to the Senior Loan Documents will be held by Senior Mortgagee.

• In the event of a Bankruptcy Proceeding, the Subordinate Mortgagee shall not vote affirmatively in favor of any plan of reorganization or liquidation unless the Senior Mortgagee has also voted affirmatively in favor of such plan.

More Definitions of Senior Mortgagee

Senior Mortgagee means the Senior Mortgagee named herein, its successors and/or assigns.

Senior Mortgagee means [ ]. When any other person or entity becomes the legal holder of the Senior Note, such other person or entity will automatically become Senior Mortgagee.

Senior Mortgagee means Amsterdam Trade Bank N.V., a company incorporated in The Netherlands acting through its office at Xxxxxxxxxxx 000, Xxxxxxxxx, 0000 XX, Xxx Xxxxxxxxxxx.

Senior Mortgagee means the Person named as such in the first paragraph on page 1 of this Agreement.

Senior Mortgagee means CoBank, ACB, as Administrative Agent for the Banks party to the Senior Loan Agreement.

Senior Mortgagee means Prudential Mortgage Capital Company, LLC, its successors and assigns.

Senior Mortgagee means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Senior Note after the date of this Agreement.