Examples of Recognized Mortgagee in a sentence
Further, the rights granted to a Recognized Mortgagee under the provisions of this Article 10 shall not apply in the case of any mortgagee that is not a Recognized Mortgagee.
The City and the City Entities agree to make such amendments to this Agreement as may be reasonably requested by a Recognized Mortgagee or Institutional Lender, provided that no such amendment shall materially change any of the terms and provisions hereof.
The CDA shall give to the Recognized Mortgagee, at the address of the Recognized Mortgagee stated in the certification referred to in Section 10.2(c), and any other Recognized Mortgagee whose address is stated in a certification referred to in Section 10.2(c), or in any subsequent notice given by a Recognized Mortgagee to the CDA, a copy of each Notice of Default at the same time as it gives a Notice of Default to the Company.
Substitutions for portions of the foregoing joint obligee payment and performance bonds, guarantees of completion and guaranteed maximum price contracts may be made with other forms of assurances in substitution thereof as may reasonably be approved by Corporation Counsel to address Recognized Mortgagee demands.
With the exception of the rights granted to Recognized Mortgagees pursuant to the provisions of this Article 10, the execution and delivery of a Recognized Mortgage shall not give or be deemed to give a Recognized Mortgagee any greater rights against the CDA, the City or the YIDA than those granted to the Company under this Agreement.