Subordinate Lienholder definition

Subordinate Lienholder means the holder of any lien, including a subsequent mortgage, perfected subsequent to the recording of a Leasehold Mortgage under this chapter (except the Mille Lacs Band with respect to a claim for a tribal leasehold tax).

Subordinate Lienholder means the holder of any lien, including a mortgage, perfected subsequent to the recording of a Mortgage under this Ordinance; provided, however, such definition shall not include the Chitimacha Tribe of Louisiana with respect to a claim for a Tribal tax on the Mortgaged property, where applicable.

Subordinate Lienholder means the holder of a subordinate lien shown on the face of the pleadings as an encumbrance on the property. The lien held by the party filing the foreclosure lawsuit is not a subordinate lien. A subordinate lienholder includes, but is not limited to, a subordinate mortgage, judgment, tax warrant, assessment lien, or construction lien. However, the holder of a subordinate lien shall not be deemed a subordinate lienholder if the holder was paid in full from the proceeds of the sale.

Examples of Subordinate Lienholder in a sentence

• Prior to the entry of a judgment of foreclosure, any Borrower/Mortgagor or a Subordinate Lienholder may cure the default(s) under the Mortgage by making a full payment of the delinquency to the Lender/Mortgagee and all reasonable legal and Court costs incurred in foreclosing on the property.

• Any subordinate Lienholder who has cured a default shall thereafter have included in its lien the amount of all payments made by such Subordinate Lienholder to cure the default(s), plus interest on such amounts at the rate stated in the note for the mortgage.

• Prior to the entry of a judgment of foreclosure, any Borrow er / Mortgagor or a Subordinate Lienholder may cure the default(s) under the Mortgage by making a full payment of the delinquency to the Lender / Mortgageeand all reasonable legal and Cour t costs incurred in foreclosing on the property.

• Parent will not sell or offer to sell or otherwise transfer or grant or allow the imposition of a lien or security interest upon the Collateral except for the existing subordinate security interest in favor of the Subordinate Lienholder, will not allow any third party to gain control of all or any part of the Collateral, and will not use any portion thereof in any manner inconsistent with this Agreement or with the terms and conditions of any policy of insurance thereon.

• Any Subordinate Lienholder who has cured a default shall thereafter have included in its lien the amount of all payments made by such Subordinate Lienholder to cure the default(s), plus interest on such amounts at the rate stated in the note for the mortgage.

More Definitions of Subordinate Lienholder

Subordinate Lienholder means the holder of any lien, including a subsequent mortgage, perfected subsequent to the recording of a leasehold mortgage under this Chapter (except the Tribe with respect to a claim for a tribal leasehold tax).

Subordinate Lienholder means the holder of any lien perfected subsequent to the recording of Leasehold Mortgage under this Act, except the Band with respect to any claim regarding any tax imposed by the Band on Band Land.

Subordinate Lienholder means the holder of a subordinate lien shown on the face of the pleadings as an encumbrance on the property. The lien held by the party filing the foreclosure lawsuit is not a subordinate lien. A subordinate lienholder includes, but is not limited to, a

Subordinate Lienholder means the holder of any lien, including a mortgage, perfected subsequent to the recording of a Leasehold Mortgage under this Ordinance; provided, however, such terms shall not include the Tribe with respect to a claim for a Tribal leasehold tax.

Subordinate Lienholder means the holder of any lien, including a mortgage, perfected subsequent to the recording of a mortgage under this Code; provided, however, such definition shall not include the Little Traverse Bay Bands of Odawa Indians with respect to a claim for a Tribal tax on the Mortgaged property, where applicable.

Subordinate Lienholder means the holder of any lien, including a subsequent mortgage, perfected subsequent to the recording of a leasehold mortgage under this Chapter, except the Tribe shall not be considered a subordinate lienholder with respect to any claim regarding a tribal tax on real property.

Subordinate Lienholder means the holder of any lien, including a subsequent mortgage, perfected subsequent to the recording of an interest in real property under this Article.