Leasehold Mortgages Sample Clauses

Leasehold Mortgages. Tenant and every successor and assign of Tenant is hereby given the right by Landlord, without Landlord’s prior written consent, to mortgage its interest in this Lease and assign its interest in this Lease as collateral security for such mortgage upon the condition that all rights acquired under such mortgage shall be subject to each and all of the covenants, conditions and restrictions set forth in this Lease, and to all rights and interest of Landlord herein, none of which covenants, conditions or restrictions is or shall be waived by Landlord by reason of the rights given Tenant to mortgage its interest in this Lease, except as expressly provided in this Section. If Tenant and/or Tenant’s successors and assigns shall mortgage all or part of its interest in this Lease and if Tenant or the holder of such mortgage shall send to Landlord a true copy thereof together with written notice specifying the name and address of the mortgagee and the pertinent recording data with respect to such mortgage, Landlord agrees that so long as the leasehold mortgage remains unsatisfied of record or until written notice of satisfaction is given by the holder to Landlord, the following provisions shall apply:
Leasehold Mortgages. (a) Tenant shall have the right to mortgage or pledge its interest in this Lease to one or more Mortgagees at any time and from time to time during the Term, provided however, that (x) until Final Completion has occurred, all proceeds from any loan secured by Tenant’s interest in this Lease shall be used only in connection with the costs of pre- development, development, construction, carry, and operations of the Project and (y) no holder of any Mortgage, nor anyone claiming by, through or under any such Mortgage, shall by virtue thereof, acquire any greater rights hereunder than Tenant has, except the right to cure or remedy Tenant’s defaults or become entitled to a New Lease as more fully set forth in this Section 10.04 and such other rights as are expressly granted to Mortgagees hereunder. No Mortgage shall be effective, unless:
Leasehold Mortgages. In connection with the Redevelopment of the Property, Tenant may from time to time grant one or more mortgages, deeds of trust or other security interests in its leasehold estate under this Lease (a “Leasehold Mortgage”) and assign this Lease as security for such Leasehold Mortgage(s). Such Leasehold Mortgages and any foreclosure, sale or other realization proceeding pursuant to any Leasehold Mortgage granted by Tenant and any deed or assignment in lieu thereof (“Realization Proceedings”) shall not require the consent of Landlord and shall not be subject to the provisions of Section 13 hereof. No Leasehold Mortgage shall place or create any lien or encumbrance affecting Landlord’s interest in the Property or the Improvements. The holder of any Leasehold Mortgage (a “Leasehold Mortgagee”) hereunder shall provide Landlord with notice of such Leasehold Mortgage together with a true copy of such Leasehold Mortgage and the name and address of such Leasehold Mortgagee (“Leasehold Mortgagee Address”). Following receipt of such notice by Landlord, the provisions of this Section 14 shall apply in respect to such Leasehold Mortgage. Tenant shall promptly provide to Landlord copies of the note and other instruments secured by any Leasehold Mortgage and any and all amendments to any such instruments as may be made from time to time.
Leasehold Mortgages. To the extent any provision in this Article 24 conflicts or is inconsistent with any other provision of this Lease, the provisions of this Article 24 shall control.
Leasehold Mortgages a. Notwithstanding the delivery of any previous notice to the Leasehold Mortgagee under Section 13.c hereof and the failure of the Leasehold Mortgagee to remedy or cure any default identified in such notice, if this Lease shall terminate early for any reason or be rejected or disaffirmed pursuant to bankruptcy law or other law affecting creditors' rights, Lessor shall give notice of such termination, rejection or disaffirmance to the Leasehold Mortgagee in accordance with Section 13.c hereof, such notice to be given prior to the effective date of such termination, rejection or disaffirmance, and the Leasehold Mortgagee, or a person designated by the Leasehold Mortgagee, shall have the right to enter into a new lease of the Premises with Lessor. Such right shall be exercisable by written notice given to Lessor within thirty (30) days after the date of the Leasehold Mortgagee's receipt of such notice from Lessor. The term of said new lease shall begin on the date of the termination, rejection or disaffirmance of this Lease and shall continue for the remainder of the term of this Lease plus, if the termination arises due to an "Event of Default" (as defined in the Building A Lease) by Tenant under the Building A Lease (a "Building A Lease Default"), an additional period of forty-five (45) years from the expiration date of the term (the “Building A Default Extension Term”), subject to Lessor's Post Encumbrance Proceeds (as defined below). If the Building A Default Extension Term is not initially in effect under the new lease, it shall automatically be instated under the new lease without further notice to or action by any party upon the occurrence of Building A Lease Default. If the Building A Default Extension Term was not required as part of an agreement to purchase or lease the Premises by a third party who required the Building A Default Extension Term as part of such purchase or lease by it, then the Building A Default Extension Term shall terminate on the date that the obligations secured by the Leasehold Mortgage are repaid in full and discharged pursuant to the terms thereof. If the Building A Default Extension Term was required as part of an agreement to purchase or lease the Premises by a third party who required the Building A Default Extension Term as part of such purchase or lease by it, then any consideration paid for such purchase or lease that is remaining after the obligations secured by the Leasehold Mortgage are repaid in full and discharged...
Leasehold Mortgages. 10.1 If Lessee shall execute a Leasehold Mortgage of its leasehold estate to an entity which is not directly or indirectly owned or controlled by, or is not under common ownership or control with Lessee (collectively, an “Unaffiliated Entity” hereafter), and if the holder of such Leasehold Mortgage shall provide the Cities through the Commission or Airport Manager with notice in the manner described in Article 23 with notice of such Leasehold Mortgage together with a true copy of such Leasehold Mortgage and the name and address of the Mortgagee, then following receipt of such notice by the Cities, the provisions of this Article 10 shall apply in respect to such Leasehold Mortgage.
Leasehold Mortgages. Tenant may execute and deliver one or more mortgages, deeds of trust or other leasehold security agreements ("Leasehold Mortgages") without consent of Landlord, in favor of any lender to Tenant (a "Leasehold Lender"). Landlord agrees to provide to any such Leasehold Lender notice of an event of default hereunder and provide such Leasehold Lender the same opportunity to cure such default as Tenant is herein provided. Upon request, Landlord agrees to acknowledge its consent to such Leasehold Mortgage in writing to such Leasehold Lender. Further, Landlord hereby agrees to subordinate in favor of any such Leasehold Lender, all liens and security interests it may have in any of Tenant's trade fixtures, equipment or personal property located within the Premises, and in connection therewith, upon request, to execute a subordination agreement with regards thereto, in such form as may be reasonably acceptable to Landlord and Lender.
Leasehold Mortgages. The Concessionaire shall have the right, at its sole cost and expense, to grant one or more (subject to Section 18.7) Leasehold Mortgages, secured by the Concessionaire Interest or Revenues if at the time any such Leasehold Mortgage is executed and delivered to the Leasehold Mortgagee, no Concessionaire Default exists unless any such Concessionaire Default will be cured pursuant to Section 18.3 in connection with entering into such Leasehold Mortgage, and upon and subject to the following terms and conditions:
Leasehold Mortgages. At such time as the Borrower enters into any lease, it shall execute with respect to such lease a leasehold mortgage in form and substance satisfactory to Lender (the "Leasehold Mortgage"), granting the Lender a lien on its leasehold interest under such lease. In particular, and without limiting the generality of the foregoing, the Borrower shall execute a Leasehold Mortgage with respect to each lease, if any, that it assumes as part of the acquisition of the Station. If requested by the Lender, the Borrower shall also deliver to the Lender with respect to any lease to which the Borrower becomes a party (i) evidence of the filing of a memorandum of lease in form and substance satisfactory to Lender, (ii) an executed estoppel certificate in form and substance satisfactory to Lender, (iii) an executed landlord's consent and waiver in form and substance satisfactory to Lender, and (iv) an ALTA mortgagee's policy of title insurance in customary form with respect to such lease.
Leasehold Mortgages. Subject to the requirements of this Article XX, Lessee may assign or encumber Lessee’s interest in the Leasehold as security for any debt or obligation of Lessee [to an Institutional Investor] by a Leasehold Mortgage containing such terms and provisions as Lessee may, in its sole discretion, deem fit and proper; provided, however, that all right, title and interest acquired by such Leasehold Mortgagee under such Leasehold Mortgage from Lessee shall be subject to this Lease and to the rights and interests of Lessor herein and to the rights of any holder of a Fee Mortgage arising under or by virtue of this Lease. Lessor shall have the right to request and, Lessee shall use its commercially reasonable efforts to obtain, a non-disturbance agreement from any Leasehold Mortgagee, in favor of Lessor and any holder of a Fee Mortgage, confirming that the provisions of this Lease, including the provisions of this Section 20.2, will be honored by and binding upon any Leasehold Mortgagee, and further containing such other terms and conditions as the holder of a Fee Mortgage shall reasonably request, including attornment of Lessee to the holder of the Fee Mortgage in the event the holder of the Fee Mortgage succeeds to the interest of Lessor hereunder.