Leasehold Mortgagees definition

Leasehold Mortgagees means mortgagees under Leasehold Mortgages.
Leasehold Mortgagees the Gaming Board shall have the right, without prejudice to any other right or remedy the Gaming Board may have hereunder, to terminate this Casino Operating Contract by delivery of Notice specifying the date of termination; provided, however, upon the occurrence of an Event of Default that is also a Termination Event, the provisions of Section 20.6(b) - "Termination of Casino Operating Contract" shall apply.
Leasehold Mortgagees the Gaming Board has no obligation to provide Notice to any Registered Leasehold Mortgagee prior to the termination of this Casino Operating Contract under the provisions of Section 20.6(b) "Termination of Casino Operating Contract," but shall provide reasonably prompt subsequent notification pursuant to such Section of the occurrence of any Termination Event.

Examples of Leasehold Mortgagees in a sentence

  • In the event that any Leasehold Mortgagee shall not elect to intervene or become a party to any such proceedings, Lessor shall give the Leasehold Mortgagee notice of, and a copy of any decision made in, any such proceedings, which shall be binding on all Leasehold Mortgagees not intervening after receipt of notice of such proceedings.

  • In the event that any Leasehold Mortgagee shall not elect to intervene or become a party to any such proceedings, Landlord shall give such Leasehold Mortgagee notice of, and a copy of any award or decision made in any such proceedings, which shall be binding on all Leasehold Mortgagees not intervening after receipt of notice of arbitration.

  • Each required insurance policy shall contain an endorsement requiring thirty (30) days prior written notice to Landlord, Fee Mortgagees and Leasehold Mortgagees of any cancellation or non-renewal.

  • Neither the Authority nor StadCo shall make, and the Authority and the StadCo shall not agree to, any Lease Impairment without obtaining the prior Approval of the Leasehold Mortgagees.

  • Any Lease Impairment made or entered into without such Approval of the Leasehold Mortgagees shall not be effective, and not bind the Leasehold Mortgagees or any New Tenant or Post-Foreclosure Tenant.

  • So long as any Leasehold Mortgage is in existence, unless all Leasehold Mortgagees consent in writing, the fee title to the Property and the leasehold estate of Tenant under this Lease shall not merge but shall remain separate estates, notwithstanding that the fee title and such leasehold estates shall be acquired by the same party.

  • Any Leasehold Mortgage will permit condemnation awards to be paid to Tenant and provide that Tenant has the sole and exclusive right to participate in the adjustment of any claims in connection therewith; and any amount required to be paid to the Leasehold Mortgagees will come solely from Tenant’s share after such restoration or construction of the Property.

  • Any balance owed to Leasehold Mortgagees is to be paid solely out of Tenant’s share.

  • The provisions of Subsection 18.2.9 below shall apply if during such thirty (60) or ninety (90) day Default Notice Period, any Leasehold Mortgagee shall notify Landlord of such Leasehold Mortgagee's desire to nullify such notice (the "Nullification Notice").

  • All of Tenant's policies of liability insurance shall name Landlord and all Leasehold Mortgagees as additional insureds, and, at the written request of Landlord, certificates with respect to all policies of insurance or copies thereof required to be carried by Tenant under this Section 11 shall be delivered to Landlord.


More Definitions of Leasehold Mortgagees

Leasehold Mortgagees is intended to, nor shall it provide any Leasehold Mortgagee or any Person with any right to cure any default or Event of Default which also constitutes a Termination Event (as provided in Section 20.6(b) - "Termination of Casino Operating Contract").
Leasehold Mortgagees means more than one "Leasehold Mortgagee". "Lease Year" shall mean: (i) if the Commencement Date is the first (1st) day of a calendar month, the twelve (12) calendar month period commencing on the Commencement Date and ending on the day immediately preceding the first (1st) anniversary of the Commencement Date, and each succeeding such twelve (12) calendar month period during the Term; and (ii) if the Commencement Date is a day other than the first (Ist) day of a calendar month, the twelve (12) calendar month period commencing on the first (Ist) day of the first (Ist) calendar month following the Commencement Date and ending on the day immediately preceding the first (1st) anniversary of such date, and each succeeding such twelve (12) calendar month period during the Term, provided, however, that, if the Commencement Date is a day other than the first (1 st) day of a calendar month, the first Lease Year shall include the period from the Commencement Date through the last day of the calendar month during which the Commencement Date occurs. "Mortgage" shall mean any mortgage, deed to secure debt, deed of trust, trust deed or other conveyance of, or lien or encumbrance against, Landlord's interest in the Premises AlLLlDOI 88~5J2 4 -2- as security for any debt, whether now existing or hereafter arising or created. "Mortgages" shall mean more than one "Mortgage". "Mortgagee" shall mean the holder of any Mortgage, together with the heirs, legal representatives, successors, transferees and assigns of the holder. "Mortgagees" shall mean more than one "Mortgagee". "Premises" shall mean the Land and the Improvements. "Rent" shall mean the rental specified and provided for in paragraph 4, as increased pursuant to paragraph 5. "Taxes and Assessments" shall mean any and all of the following levied, assessed or imposed upon, against or with respect to this Lease, the Premises, any part of the Premises or the use and occupancy of the Premises at any time during the Tenn: (i) real property ad valorem taxes and assessments; (ii) charges made by any public or quasi-public authority for improvements or bettennents related to the Premises; (Ui) sanitary taxes or charges, sewer or water taxes or charges; (iv) any tax levied, assessed or imposed upon or against the rent reserved hereunder or upon Landlord's interest in the Premises or this Lease (other than income taxes, franchise taxes, estate taxes, value added taxes or any future tax which is established in lieu of income ta...
Leasehold Mortgagees means the beneficiary or beneficiaries under any Leasehold Mortgage(s). Any Leasehold Mortgagee(s) may exercise any of its rights hereunder through a designee, nominee, or wholly owned subsidiary.
Leasehold Mortgagees shall have the definition set forth in Section 5.1.

Related to Leasehold Mortgagees

  • Leasehold Mortgagee means the holder of a Leasehold Mortgage.

  • Leasehold Mortgage means a mortgage, a deed of trust, a deed to secure debt, or other security instrument by which the Leasehold is mortgaged, conveyed, assigned, or otherwise transferred to secure a debt or other obligation.

  • Mortgagee The mortgagee or beneficiary named in the Mortgage and the successors and assigns of such mortgagee or beneficiary.

  • Superior Landlord means the person for the time being who owns the interest in the Premises which gives him the right to possession of the Premises at the end of the Landlord’s lease of the Premises.

  • Landlord means the owner, lessor or sublessor of the dwelling unit or the building of which such

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • First Mortgagee means the holder of any First Mortgage.

  • Landlords means anyone owning an interest in the Property, whether freehold or leasehold, entitling them to possession of it upon the termination or expiry of the Tenancy and anyone who subsequently owns the Property.

  • Tenant means any Person leasing, subleasing or otherwise occupying any portion of the Property under a Lease or other occupancy agreement.

  • Successor Landlord shall have the meaning given such term in Section 20.2.

  • Facility Mortgagee means the holder of any Facility Mortgage.

  • Landlord Liens means liens on or against the Leased Property or any payment of Rent (a) which result from any act of, or any claim against, Landlord or any owner (other than Tenant) of a direct or indirect interest in the Leased Property, or which result from any violation by Landlord of any terms of this Agreement or the Purchase Agreement, or (b) which result from liens in favor of any taxing authority by reason of any tax owed by Landlord or any fee owner of a direct or indirect interest in the Leased Property; provided, however, that "Landlord Lien" shall not include any lien resulting from any tax for which Tenant is obligated to pay or indemnify Landlord against until such time as Tenant shall have already paid to or on behalf of Landlord the tax or the required indemnity with respect to the same.

  • the Landlord includes the person for the time being entitled to the reversion immediately expectant on the determination of the Term;

  • Ground Lessor means each lessor that has executed a Ground Lease (collectively, the “Ground Lessors”).

  • Superior Lease means the document which sets out the obligations your Landlord has made to their Superior Landlord. The promises contained in this Superior Lease will bind the Tenant if they have prior knowledge of those promises.

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • the Tenant means the party(ies) named on the tenancy agreement as the tenant of The Property.

  • Lessors means a lessor under a Superior Lease.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Sublessor means one who conveys real property by sublease."

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.

  • Mortgagor The obligor on a Mortgage Note.

  • Major Tenant means a tenant of a Loan Party under a lease of Property which entitles it to occupy 15,000 square feet or more of the net rentable area of such Property.

  • Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver the then existing Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto. In addition, Sublandlord shall comply with all of its obligations as “Tenant” under the Master Lease except to the extent that any such obligation is the obligation of Subtenant pursuant to the terms of this Sublease. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, except for any breach by Subtenant under Section 12 of the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Subtenant’s shareholders, directors, officers, or partners on account of any of Subtenant’s obligations or actions under this Sublease.

  • Eligible Mortgagee means the holder of a security interest on a unit that has filed with the secretary of the association a written request that it be given copies of notices of any action by the association that requires the consent of mortgagees.

  • Sublessee means any Person for so long, but only so long, as such Person is in possession of the Airframe and/or any Engine pursuant to the terms of a Sublease which is then in effect pursuant to Section 7(b)(x) of the Lease.