Security Interest Holder definition
Examples of Security Interest Holder in a sentence
The Security Interest Holder shall have the right at any time to pay any Rent due hereunder and to perform or cause to be performed any other obligation of Lessee at or within the time such payment or performance is required under this Lease.
The Security Interest Holder shall be entitled to remedy any default under this Lease in the manner and on the same terms as granted to Lessee in Article 11 of this Lease.
Nothing in this Lease shall be construed to obligate the Security Interest Holder to cure any default of Lessee.
No provision of this Declaration, the Articles of Incorporation, or Bylaws of the Association give (or are intended to give) any Owner, or any other party, priority over any rights of the Security Interest Holder of a First Security Interest, pursuant to its First Security Interest, in the case of payment to the Owner of insurance proceeds or condemnation awards for losses to or taking of Units and/or Common Elements.
Each Owner and each Security Interest Holder, insurer or guarantor of a Security Interest, shall register his mailing address with the Association, and except for annual statements and other routine notices, all other notices or demands intended to be served upon an Owner, or upon a Security Interest Holder, insurer or guarantor of a Security Interest, shall be sent by either registered or certified mail, postage prepaid, addressed in the name of such Person at such registered mailing address.