EH Lease definition
Examples of EH Lease in a sentence
The Department’s fee and reversionary interest with respect to the Property shall not be subordinated or otherwise made subject to any deed of trust, mortgage or other lien or encumbrance granted, suffered or permitted by the Authority with respect to the Authority’s leasehold interest in the Property except as provided in this Agreement and the EH Lease.
The provisions contained in this Paragraph 8 regarding (x) title to the Facilities upon the termination of this Agreement and the Payment of the Bonds, and (y) the right of the Department to acquire the Facilities, shall not be applicable if a mortgagee or purchaser at a foreclosure sale shall acquire the Leasehold Estate of the Authority in accordance with the provisions of Paragraph 20(f) of the EH Lease.
In consideration of the mutual benefits accruing to the parties hereto, the leasing of the Property from the Department to the Authority pursuant to the EH Lease, and of the covenants, agreements and obligations set forth in this Agreement, the Authority hereby agrees to enter into and perform the Improvements Management Agreement for the implementation of the Improvements, and to operate and maintain the Facilities during the term of this Agreement as set forth hereinbelow.