Common use of Leasehold Mortgage Clause in Contracts

Leasehold Mortgage. (a) Tenant shall have the unrestricted right at any time and from time to time without Landlord’s consent to mortgage the Property and the Leased Premises, including the Improvements, and its leasehold interest under this Lease (but not Landlord’s fee interest), subject however to the limitations hereinafter set forth (including Landlord’s prior security interest described in Paragraph 26 (b) below). Any such mortgage shall be subject and subordinate to the rights of Landlord hereunder. A mortgage of the Property and/or Tenant’s leasehold interest under this Lease is herein referred to as a “Leasehold Mortgage,” and the party holding the Leasehold Mortgage (including any affiliate of such party) the “Leasehold Mortgagee.”

Leasehold Mortgage. (a) Tenant shall have the unrestricted right at any time and from time to time without Landlord’s 's consent to mortgage the Property and the Leased Premises, including the Improvements, and its leasehold interest under this Lease (but not Landlord’s 's fee interest), subject however to the limitations hereinafter set forth (including Landlord’s 's prior security interest described in Paragraph 26 (b) below). Any such mortgage shall be subject and subordinate to the rights of Landlord hereunder. A mortgage of the Property and/or Tenant’s 's leasehold interest under this Lease is herein referred to as a “"Leasehold Mortgage,” " and the party holding the Leasehold Mortgage (including any affiliate of such party) the “"Leasehold Mortgagee.”"

Leasehold Mortgage. (a) Tenant shall have the unrestricted right at any time and from time to time without Landlord’s consent to mortgage the Property and the Leased Premisesdemised premises, including the Improvements, and its leasehold interest under this Lease (but not Landlord’s 's fee interest)) for the purposes of financing or refinancing the Improvements which have been built or are to be built pursuant to the terms hereof, subject however to the limitations hereinafter set forth (including Landlord’s prior security interest described in Paragraph 26 (b) below)forth. Any such mortgage shall be subject and subordinate to the rights of Landlord hereunder. A mortgage of the Property and/or Tenant’s 's leasehold interest under this Lease is herein referred to as a “"Leasehold Mortgage,” " and the party holding the Leasehold Mortgage (including any affiliate of such party) the “"Leasehold Mortgagee.”"