Solar Facility Mortgagee definition

Solar Facility Mortgagee. Nothing herein shall be deemed to permit a Solar Facility Mortgagee to take title to, or otherwise encumber, Landowner’s fee title to the Leased Property.
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Examples of Solar Facility Mortgagee in a sentence

  • No such notice shall be effective against a Solar Facility Mortgagee or Interested Party unless and until served on such Solar Facility Mortgagee or Interested Party.

  • If this Lease is terminated by Landowner on account of any default by Company, or terminates for any other reason prior to the originally scheduled expiration date hereof, then Landowner shall give prompt written notice thereof to each Solar Facility Mortgagee and Interested Party.

  • Landowner further consents to the recordation of the interest of any Solar Facility Mortgagee, Interested Party or assignee of Company's interest in this Lease.

  • Pending foreclosure of such lien, any Solar Facility Mortgagee may take possession of and operate the Solar Facility Estate under the terms hereof.

  • Each Solar Facility Mortgagee and Interested Party, within sixty (60) days after receipt of written notice from Landowner, shall have the right to elect to enter into a new lease of the Leased Property as described below.

  • If Company shall default in the performance of any of its obligations under this Lease following the giving of notice of such default to Company, then Landowner shall give each Solar Facility Mortgagee and Interested Party a second written notice of such default, specifying in detail the alleged default and required remedy.

  • Any Solar Facility Mortgagee and Interested Party shall have the right to do any act or thing required to be performed by Company or any assignee under this Lease, and such act or thing performed by a Solar Facility Mortgagee or Interested Party shall be effective to prevent a default under this Lease as if done by Company or the assignee itself.

  • When giving notice to Company of any default by Company under this Lease, Landowner shall also serve a copy of such notice upon (i) each Solar Facility Mortgagee, and (ii) each Interested Party.

  • During the period that a Solar Facility Mortgagee or an Interested Party may be in possession of the Solar Facility Estate and/or during the pendency of any foreclosure proceedings instituted by a Solar Facility Mortgagee and an Interested Party, the Solar Facility Mortgagee or Interested Party shall pay or cause to be paid all rent and other charges payable by Company which have accrued and are unpaid during said period.

  • No Solar Facility Mortgagee or Interested Party shall have liability for any act or omission by Company under this Lease.

Related to Solar Facility Mortgagee

  • Facility Mortgagee means the holder of any Facility Mortgage.

  • Facility Mortgage As defined in Section 13.1.

  • 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.

  • 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.

  • Ground Lessor means, as to any Site, the “lessor,” “sublessor,” “landlord,” “licensor,” “sublicensor” or similar Person under the related Ground Lease.

  • First Mortgagee means the holder of any First Mortgage.

  • FHA Approved Mortgagee means a corporation or institution approved as a mortgagee by the FHA under the National Housing Act, as amended from time to time, and applicable FHA Regulations, and eligible to own and service mortgage loans such as the FHA Loans.

  • Superior Landlord means and includes people or persons to whom the ownership or interest in the Leasehold Property might revert in the fullness of time.

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

  • Landlord Access Agreement means a Landlord Access Agreement, substantially in the form of Exhibit G, or such other form as may reasonably be acceptable to the Administrative Agent.

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit S, with such amendments, modifications or supplements as may be approved by Collateral Agent.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Construction Lender means a person who makes a construction loan.

  • Leasehold Mortgagee means the holder of a Leasehold Mortgage.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Sublessor means one who conveys real property by sublease."

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Mortgage Borrower shall have the meaning ascribed to the term “Borrower” in the Loan Agreement (Mortgage).

  • New Lease Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.

  • Facility Manager The Authorized User’s representative who is responsible for the day to day operations of the facility(s) referenced in the Project Definition.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Owner or operator means any person who owns, leases, operates, controls, or supervises a stationary source.

  • Landlord Consent and Estoppel means, with respect to any Leasehold Property, a letter, certificate or other instrument in writing from the lessor under the related lease, pursuant to which, among other things, the landlord consents to the granting of a Mortgage on such Leasehold Property by the Credit Party tenant, such Landlord Consent and Estoppel to be in form and substance acceptable to Collateral Agent in its reasonable discretion, but in any event sufficient for Collateral Agent to obtain a Title Policy with respect to such Mortgage.