Subleasehold Mortgage definition

Subleasehold Mortgage means any mortgage, deed of trust, collateral assignment, or other lien (as modified from time to time) encumbering any Sublease and any Subleasehold Estate. A Subleasehold Mortgage shall not attach to the Fee Estate or the Leasehold Estate.
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Subleasehold Mortgage. As defined in Section 19.8 herein. “Taxes.” Real property ad valorem taxes (if any) assessed against the Facility.
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Subleasehold Mortgage means a mortgage, pursuant to the terms of this Sublease, on the leasehold interest of Sublessee in the Demised Premises and shall be deemed to include a trust indenture under which this Sublease shall have been mortgaged. The term “Subleasehold Mortgagee” shall mean the Mortgagee under any such mortgage and the successors or assigns of such Mortgagee, and shall be deemed to include the trustee under any such trust indenture and the successors or assigns of such trustee. SECTIONS 27.02 and 27.03. Sections 27.02 and 27.03 of the Lease are hereby incorporated herein by reference, except that wherever “Lease” is referred to, same shall be deemed instead to be this Sublease.
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Examples of Subleasehold Mortgage in a sentence

  • Without Landlord’s consent, at any time and from time to time: (a) any Subleasehold Mortgagee may initiate and complete any Foreclosure Event and exercise any other rights and remedies against the Subtenant and the Subleasehold Estate (but not the Fee Estate or the Leasehold Estate) under its Subleasehold Mortgage; and (c) any transferee through a Foreclosure Event, and its successors and assigns, may assign the subject Sublease.

  • No Subleasehold Mortgage shall reduce any party’s rights or obligations under this Lease.

  • Landlord need not join in, or "subordinate the Fee Estate to," any Subleasehold Mortgage, and Tenant need not join in, or "subordinate the Leasehold Estate to," any Subleasehold Mortgage.

  • There shall be no subordination of Landlord’s fee simple interest in the Premises to the lien of any Leasehold Mortgage or Sub-leasehold Mortgage financing nor shall Landlord be required to join in such mortgage financing.

  • In the event any Subleasehold Estate terminates at a time when the Leasehold Estate has terminated, all of the protections afforded to a Leasehold Mortgagee under Section 19 except for those related to a New Lease shall apply to each Subleasehold Mortgagee holding a Subleasehold Mortgage on that Subleasehold Estate, in order of priority.

  • Under no circumstances will Owner be responsible for the payment of the debt secured by the Subleasehold Mortgage, and in no event will Owner’s fee simple estate in the Land, including Owner’s reversionary interest in the 4% Bluebird Project be subject or subordinate to any Sublease or the lien of the Subleasehold Mortgage.

  • The Department of Health WA HREC has special responsibility for oversight of the use and disclosure of personal health information held in the Department of Health data collections.

  • Within ten (10) days after the granting of any Permitted Subleasehold Mortgage, TowerCo shall deliver to BMI a true, correct and fully executed copy of all documents pertaining thereto and the indebtedness secured thereby.

  • Any Permitted Subleasehold Mortgage and all rights acquired by any Permitted Subleasehold Mortgagee shall be subject to each and every term, covenant, condition, agreement, requirement, restriction and provision set forth in this Sublease and subject to all rights, title and interest of BMI.

  • Subtenant and Mortgagee confirm that the Subleasehold Mortgage is in full force and effect and there is no default thereunder.

Related to Subleasehold Mortgage

  • 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.

  • Leasehold Mortgagee means the holder of a Leasehold Mortgage.

  • Superior Lease means the document which sets out the obligations your Landlord has made to their Superior Landlord. The promises contained in this Superior Lease will bind the Tenant if they have prior knowledge of those promises.

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

  • Leasehold Property means any leasehold interest of any Loan Party as lessee under any lease of real property.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Sublease means a lease of goods the right to possession and use of which was acquired by the lessor as a lessee under an existing lease.

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • 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.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

  • Real Property Lease has the meaning set forth in Section 3.9(b).

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

  • 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.

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.