Leasehold definition
Examples of Leasehold in a sentence
The exclusionary provisions included in each Mortgage or Leasehold Mortgage in effect as of the Seventh Amendment Effective Date will be included in the case of (a) any amendment, restatement, supplement or modification to a Mortgage or Leasehold Mortgage existing as of the Seventh Amendment Effective Date and (b) any new Mortgage or Leasehold Mortgage entered into after the Seventh Amendment Effective Date.
Except as would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, each of the Parent and its Restricted Subsidiaries has good and marketable title to, or valid Leasehold interests in or rights to use, all its Material Real Property Assets and personal property material to its business taken as a whole, and none of such property is subject to any Lien except for Liens permitted by Section 9.3.
In the event that the Collateral Agent and the Secured Parties makes such a determination, the Mortgage or Leasehold Mortgage relating to such Material Real Property Asset will contain customary exclusionary provisions with respect to such Building or Manufactured (Mobile) Home satisfactory to the Collateral Agent in its sole discretion.