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 U.S. Bank National Association. When any other person or entity becomes the legal holder of the Senior Note, such other person or entity automatically will 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.

• The Subordinate Mortgagee acknowledges that without notice to the Subordinate Mortgagee and without affecting any of the provisions of this Agreement, the Senior Mortgagee may (i) extend the time for or waive any payment or performance under the Senior Loan Documents; (ii) modify or amend in any respect any provision of the Senior Loan Documents; and (iii) modify, exchange, surrender, release and otherwise deal with any additional collateral for the Senior Indebtedness.

• At issue was whether section 707 of the Indenture controlled, which imposed no restrictions on bringing suit, or whether sections 4(b) and 5(c) of the Subordination Agreement required written consent of the Senior Mortgagee before filing suit.

• For example, UMB Bank was a backer of the redevelopment venture in the guise of Senior Mortgagee, along with Freddie Mac.

More Definitions of Senior Mortgagee

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

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 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 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.

Senior Mortgagee means the holder, of, or beneficiary under, from time to time the most senior Mortgage against Landlord's interest in the Premises.

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

Senior Mortgagee means the holder of a Senior Mortgage.