Fee Mortgage definition

Fee Mortgage. Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

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Fee Mortgage. As defined in Section 20.3.

Fee Mortgage means any Mortgage that encumbers all or part of the Fee Estate. “FF&E” means all movable furniture, furnishings, equipment, and personal property (excluding Building Equipment) that may be removed without material damage to the Premises and without adversely affecting: (a) the structural integrity of the Premises; (b) any electrical, plumbing, mechanical, or other system in the Premises; (c) the present or future operation of any such system; or (d) the present or future provision of any utility service to the Premises. FF&E includes items such as hospital equipment, furniture, movable equipment, telephone, telecommunications and facsimile transmission equipment, point of sale equipment, televisions, radios, network racks, and computer systems and peripherals.

Examples of Fee Mortgage in a sentence

• Any Fee Mortgage encumbering Landlord’s fee simple interest in the Property and/or this Lease shall be subject and subordinate to this Lease.

• Tenant (including any rights to a New Lease) shall not be obligated to subordinate its interest in this Lease, nor its rights created under this Lease, to any Fee Mortgage.

• Landlord shall have the right to mortgage its fee simple interest in the Property (a “Fee Mortgage”), provided, that Landlord and Tenant acknowledge and agree that Tenant’s interest under this Lease shall at all times be superior to any Fee Mortgage.

• Landlord shall have the right to mortgage its fee simple interest in the Property (a “Fee Mortgage”), provided, that Landlord and Tenant acknowledge and agree that ▇▇▇▇▇▇’s interest under this Lease shall at all times be superior to any Fee Mortgage.

More Definitions of Fee Mortgage

Fee Mortgage means any mortgage, deed of trust or other security instrument held by a Fee Lender and encumbering Lessor's fee interest in the Premises.

Fee Mortgage means any mortgage, deed of trust, deed to secure debt, assignment, security interest, pledge, financing statement or other instrument(s) or agreement(s) intended to grant security for any obligation encumbering the Fee Estate as entered into, renewed, modified, amended, extended or assigned from time to time during the Term.

Fee Mortgage. Any first lien mortgage, deed of trust, deed to secure debt or other security instrument.

Fee Mortgage means, collectively, any mortgage which does not constitute a Superior Mortgage and which encumbers the Land and all renewals, modifications, replacements, substitutions, supplements, extensions, spreaders, and consolidations thereof.

Fee Mortgage is defined in Section 17.1 hereof.

Fee Mortgage means a deed of trust or mortgage executed by Landlord covering the fee title to the tract or parcel of land comprising the Property.

Fee Mortgage means any mortgage, deed of trust or similar instrument encumbering real property to secure an obligation made by Lessor which is at any time a lien on Lessor's interest in the Premises, the beneficiary of which is referred to herein as "Fee Mortgagee." To the extent Lessor's consent is required, the sublease shall be submitted to Lessor for review and approval. All subleases shall expressly be made subject to the provisions of this Lease. Any sublease of all or a portion of the Premises shall specifically state that it is subject and subordinate to the terms and conditions of this Lease and to the Fee Mortgage, that it shall be limited by the provisions hereof and that the lessee thereunder shall not have any other or further rights than Lessee has under this Lease. No sublease shall extend for any period longer than the term of this Lease.