Mortagee definition
Examples of Mortagee in a sentence
Lessee will reimburse Mortagee for all fees incurred by Mortgagee relating to such assignment.
Provided always that the Mortagee Corporation reserves the right to recover any dues on account of the interest and other charges by the adjustment of the un- disbursed loan if the Mortgagor fails to make the payment on his own.
On the Closing Date, the Administrative Agent shall receive from Chicago Title Insurance Company, with respect to the Terminal owned by Stolthaven Houston, a Form T-2 Mortagee Policy of Title Insurance as issued in the State of Texas, and from First American Title Insurance Company, with respect to the Terminal owned by Stolthaven New Orleans, an ALTA Mortgagee’s Policy of Title Insurance, in respect of each Mortgage in an amount, in the aggregate, at least equal to $ 150,000,000.
As used in this Mortgage, an "Event of Default" means (i) the earlier to occur of (A) the failure by Mortgagor for ten (10) days from the date of receipt by Mortgagor of notice from Mortagee of such failure to comply with any covenant, agreement, warranty or condition herein required to be observed, kept or performed or (B) ten (10) days after any executive officer of Mortgagor obtains actual knowledge of such failure, or (ii) the occurrence of an "Event of Default", as defined under the Notes.
Landlord, Tenant and Mortagee ----------------------------- shall be named as additional insured on Tenant's policy.
To the extent any of the Mortgaged Property is located within the State of Oklahoma, upon the occurrence of an Event of Default, Mortgagee may, at its option, and Mortgagor hereby confers on Mortagee for the benefit of the Secured Parties the power to, sell the Mortgaged Property and the interests therein in the manner provided for in the Oklahoma Power of Sale Mortgage Foreclosure Act, OKLA.
The current Landlord’s Mortagee is Bank of Texas, N.A., whose address is set forth on Exhibit G hereto.
The parties acknowledge that, as a condition to the effectiveness of this Amendment, Landlord needs to obtain the consent of Landlord’s Mortagee (the “Lender Consent”).
Provided always that the Mortagee Corporation reserves the right to recover any dues on account of the interest and other charges by the adjustment of the un- disbursed loan if the Mortgagor Company fails to make the payment on his own.
Mortgagor shall permit Mortagee, by its agents, representatives, accountants and attorneys, to visit and inspect the Premises, the Real Estate Fixtures and the Equipment at such reasonable times and upon reasonable notice to Mortgagor as may be reasonably requested by Mortgagee.