Examples of Approved Ground Lease in a sentence
Each applicable Borrower has good record and marketable title in fee simple to, or valid leasehold interests pursuant to an Approved Ground Lease in, all of the Borrowing Base Properties owned by it and all other real property necessary in the ordinary conduct of its business, free and clear of all Liens except the Permitted Encumbrances.
BTV Hotel, LLC Amendment to Approved Ground Lease MOTION by Helen Riehle, SECOND by Greg Shepler, to recommend to the Board of Finance and City Council approval of the amendment to the ground lease for BTV Hotel, LLC.DISCUSSION:• Staff reported renegotiation of the ground lease was done to be a better fit for the market and the industry and the bank.
Each of the Unencumbered Borrowing Base Properties is either wholly owned in fee by a Loan Party or ground leased by a Loan Party pursuant to a long term ground lease which has been designated as an Approved Ground Lease, in each case subject to no Liens other than Permitted Liens of the type described in Section 7.01(b), (c), (e), (f) and (i).
Each of the Borrowing Base Properties is either wholly owned in fee by a Borrower or ground leased by a Borrower pursuant to a long term ground lease which has been designated as an Approved Ground Lease, in each case subject to no Liens other than Permitted Liens.
Thus, this proliferation of standards and tools is likely to be continued (Bennon & Sharma, 2018).