Superior Lessee definition

Superior Lessee or "Superior Mortgagee" shall mean any party then holding a ground lease or mortgage encumbering the land and/or Building.
Sample 1Sample 2Sample 3

Examples of Superior Lessee in a sentence

  • Any ground lease to which this Lease is subject and subordinate is hereafter referred to as a "Superior Lease", the Lessor under a Superior Lease is hereinafter referred to as a "Superior Lessor," and the lessee thereunder, a "Superior Lessee" and any Mortgage to which this Lease is subject and subordinate is hereinafter referred to as a "Superior Mortgage" and the holder of a Superior Mortgage is hereinafter referred to as a Superior Mortgagee.

  • Tenant shall only be permitted to attach a lien against Landlord’s Estate following entry of non-appealable judgment in Tenant’s favor by a court of competent jurisdiction, and Landlord’s Estate shall be subject to the prior lien and claim of any Superior Mortgagee and Superior Lessee.

  • If Landlord’s consent (and the consent of any Superior Lessee or Superior Mortgagee whose consent is required) is not received within [one hundred twenty (120)] days from the date hereof, Sublessee or Sublessor may terminate this Sublease by notice to the other.

  • Tenant, upon notice from Landlord, Landlord's beneficiary, Landlord's managing agent, or such Superior Lessor, Superior Lessee or Superior Mortgagee, shall resist and defend such action or proceeding (by counsel selected by Landlord or such Superior Lessor, Superior Lessee or Superior Mortgagee).

  • Supplementing Section 7, with respect to any -------------- Superior Mortgage or Superior Lease, Landlord shall use its best efforts to secure and deliver to Tenant a nondisturbance agreement from and executed by the Superior Mortgagee or Superior Lessee for the benefit of Tenant.

  • Tenant may appeal in good faith and at its expense Tenant's violation of any laws or requirement, as described in Section 9 of this Lease only after paying such expenses, fines or damages that are imposed upon Landlord, Agent, or any Superior Lessee, Superior Lessor or Superior Mortgagee or posting such security that Landlord reasonably requires in order to protect the Premises against loss or forfeiture.

  • The waiver of subrogation or permission for waiver of any claim shall extend to Landlord and its beneficiaries, agents and employees, and each Superior Lessor, Superior Lessee and Superior Mortgagee, and to other appropriate parties designated by Landlord (collectively, "Superior Parties").

  • Any lease to which this Lease is subject and subordinate is hereinafter referred to as a "Superior Lease" and the lessor of a Superior Lease is hereinafter referred to as "Superior Lessor" and the lessee as a "Superior Lessee"; and any mortgage to which this Lease is subject and subordinate is hereinafter referred to as a "Superior Mortgage" and the holder of a Superior Mortgage is hereinafter referred to as a "Superior Mortgagee".

Related to Superior Lessee

  • 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.

  • 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.

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Sub-Lessee means a lease/license by a Lessee of part or all of leased space to another person.

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

  • Leasehold Mortgagee means the holder of a Leasehold Mortgage.

  • 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.

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

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

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

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

  • Superior Lien With respect to any Mortgage Loan, any other mortgage loan relating to the corresponding Mortgaged Property which creates a lien on the Mortgaged Property which is senior to the Mortgage Loan.

  • 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.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • 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.

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

  • 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.

  • Leaseholder means a grantee or a person or other legal entity holding a valid lease or licence of occupation with the federal Crown for the use or occupation of land in Jasper National Park, and shall mean Canadian National Railway in respect of lots or land parcels held by Canadian National Railway, and shall mean Jasper National Park of Canada in respect to lots or land parcels held by the Crown;

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • First Mortgagee means the holder of any First Mortgage.

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

  • Lienholder means a person with a security interest in particular property.

  • REA means any construction, operation and reciprocal easement agreement or similar agreement (including any separate agreement or other agreement between Borrower and one or more other parties to an REA with respect to such REA) affecting the Property or portion thereof.

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

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