Leasehold Mortgagees Sample Clauses

Leasehold Mortgagees a. Tenant shall have the right to mortgage its leasehold interest hereunder; provided that the holder of any such mortgage shall forward to Landlord a true and accurate copy of the executed and recorded mortgage showing the County Recorder’s filing data, together with a written notice setting forth the name and address of the leasehold mortgagee under any such mortgage. The rights set forth below with respect to a leasehold mortgagee shall not apply until such copy and notice have been provided to Landlord.
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Leasehold Mortgagees. Notwithstanding anything to the contrary contained in Paragraph 11.1, the consent of Landlord shall not be required for any transfer, conveyance, or assignment resulting from a foreclosure or acceptance of a deed in lieu of foreclosure of any Leasehold Mortgagee. Landlord shall reasonably approve any transfer, conveyance, or assignment by any Leasehold Mortgagee following its acquisition of this Lease and the leasehold estate of Tenant created hereby as a result of foreclosure or acceptance of a deed in lieu of foreclosure, provided, the proposed transferee or assignee shall be acceptable to Landlord in its reasonable discretion as creditworthy and able to pay the Minimum Rent due under this Lease and otherwise meets the criteria set forth in Section 11.1
Leasehold Mortgagees. (a) On one or more occasions without Landlord’s prior consent Tenant may mortgage or otherwise encumber Tenant’s estate in and to the Leased Property (the “Leasehold Estate”) to one or more Permitted Leasehold Mortgagees under one or more Permitted Leasehold Mortgages and pledge its right, title and interest under this Lease as security for such Permitted Leasehold Mortgages or any Debt Agreement secured thereby; provided, that no Person shall be considered a Permitted Leasehold Mortgagee unless (1) such Person delivers to Landlord a written agreement providing (i) that (unless this Lease has been terminated) such Permitted Leasehold Mortgagee and any lenders for whom it acts as representative, agent or trustee, will not use or dispose of any Gaming License for use at a location other than at the Facility, (ii) an express acknowledgement that, in the event of the exercise by the Permitted Leasehold Mortgagee of its rights under the Permitted Leasehold Mortgage, the Permitted Leasehold Mortgagee shall be required to (except for a transfer that meets the requirements of Section 22.2(a)(i)) secure the approval of Landlord for the replacement of Tenant with respect to the affected portion of the Leased Property and contain the Permitted Leasehold Mortgagee’s acknowledgment that such approval may be granted or withheld by Landlord in accordance with the provisions of Article XXII of this Lease, and (iii) an express acknowledgment, on behalf of itself, its successors and assigns and all beneficiaries of the Permitted Leaseholder Mortgage of the priorities and waivers described in Section 17.1(n), (2) the underlying Permitted Leasehold Mortgage includes an express acknowledgement that (A) any exercise of remedies thereunder that would affect the Leasehold Estate shall be subject and subordinate to the terms of the Lease, and (B) that any foreclosure or realization by any Permitted Leasehold Mortgagee pursuant to a Permitted Leasehold Mortgage or upon Tenant’s interest under this Lease or that would result in a transfer of all or any portion of Tenant’s interest in the Leased Property or this Lease shall in any case be subject to the applicable provisions, terms and conditions of Article XXII hereof, and (3) such Person executes a joinder to any existing intercreditor agreement between any Permitted Leasehold Mortgagee and any Facility Mortgagee (“Intercreditor Agreement”). Any Facility Mortgagee and its successors and assigns, by accepting any Facility Mortgage, ...
Leasehold Mortgagees. 147 23.1. General............................................................................................148 23.2. Registered Leasehold Mortgagee.....................................................................148 23.3. Notices to Registered Leasehold Mortgagees.........................................................148 23.4. Opportunity to Cure................................................................................149 23.5. Revocation/Suspension Proceedings..................................................................150 23.6. Receivership/Foreclosure Proceedings...............................................................151 23.7. Effect of Appointment of Receiver..................................................................155 23.8. No Effect On Suit to Enforce.......................................................................155 23.9. Third Party Beneficiaries..........................................................................155 23.10. No Lien on this Casino Operating Contract.........................................................155
Leasehold Mortgagees. If there are any Leasehold Mortgagees as defined in Section 4.1, Tenant may not terminate, modify or waive its Option under this section without the approval of the Leasehold Mortgagees, and Landlord will not recognize or consent thereto without such approval.
Leasehold Mortgagees. The rights of Landlord under this Section 22 are subject to the notice and cure rights afforded Leasehold Mortgagees under Section 26 of this Lease.
Leasehold Mortgagees a. Developer may, at any time, and from time to time, encumber and/or assign all or any portion of its interest in this Agreement and/or any Lease pursuant to one or more deeds of trust, mortgages or other security instruments (each a
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Leasehold Mortgagees. (a) Tenant shall have the right to mortgage this Lease, subject, however, to the limitations of this Section 34. Any such leasehold mortgage (a “Leasehold Mortgage”) shall be subject and subordinate to the rights of Landlord under this Lease and any mortgage or other encumbrance now or hereafter encumbering the Building or Landlord's interest in the Building, and shall be subject to the mutual execution of an intercreditor agreement between such Leasehold Mortgagee and the holder of the senior mortgage upon Landlord's fee estate from time to time. The form of Leasehold Mortgage shall be subject to Landlord's prior written approval, which shall not be unreasonably withheld, conditioned or delayed. Tenant shall provide Landlord with any proposed Leasehold Mortgage no less than thirty (30) days before the date upon which Tenant intends to grant such Leasehold Mortgage.
Leasehold Mortgagees. If there are any Leasehold Mortgagees, Tenant may not exercise, terminate, modify or waive its Option under this section without the approval of the Leasehold Mortgagees, and Landlord will not recognize, accept or consent thereto without such approval.
Leasehold Mortgagees. Leasehold Mortgagees" shall have the definition set forth in Section 5.1.
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