Examples of Underlying Mortgages in a sentence
Each holder of each Underlying Mortgage shall have the right, exercisable at such holders' sole option at any time, to cause any of the Underlying Mortgages which such holder owns to be and become subordinate and inferior to the lien and charge of this Lease by delivering Notice of such exercise to Tenant.
This Lease is subject and subordinate to all mortgages, trust deeds, and ground and underlying leases (the “Underlying Mortgages”) which now exist or may hereafter be executed affecting the Building Property and to all renewals, modifications, consolidations, replacements and extensions of any such Underlying Mortgages.
Landlord represents and warrants to Tenant that as of the date of execution and delivery of this Lease, there are no Underlying Mortgages now affecting the Land, Project and/or the Building which are superior to this Lease.
This Lease is subject and subordinate to all mortgages, trust deeds, and ground and underlying leases (the “Underlying Mortgages”) which now exist or may hereafter be executed affecting the Land, Project and/or the Building and to all renewals, modifications, consolidations, replacements and extensions of any such Underlying Mortgages.
This Lease is subject and subordinate to all mortgages, trust deeds, ground leases, or other encumbrances (the "UNDERLYING MORTGAGES") which may now or hereafter be executed affecting the Building and to all renewals, modifications, consolidations, replacements and extensions of any such Underlying Mortgages.
Dispute resolution mechanism between National and County Governments 78Scope of Intergovernmental Disputes within the Intergovernmental Relations Act 78Cases Emanating From Other Common Law Jurisdictions 80South Africa 80The national system of registration for producers and wholesalers falls within the national legislature’s competence.
Lender shall have delivered to Custodian, with respect to each Underlying Loan purchased by Borrower, the Underlying Loan Documents, together with endorsements of the original Underlying Notes in blank and assignments in blank of the Underlying Mortgages in recordable form and other ancillary loan documentation and information required to be delivered in accordance with the procedures and time frames set forth in the Custodial Agreement.
Underlying Mortgages Pools consist of whole mortgage loans or participation in loans.
This Lease is subject and subordinate to all mortgages, trust deeds, ground leases, or other encumbrances (the “Underlying Mortgages”) which may now or hereafter be executed affecting the Project and/or the Building and to all renewals, modifications, consolidations, replacements and extensions of any such Underlying Mortgages.
Landlord expressly covenants and agrees that as of the Commencement Date of the Term of this Lease, it will be the owner of the fee simple title to the Land and Building and other improvements subject to the Permitted Exceptions and to the Underlying Mortgages and documents related thereto, if any, and subject to any liens, encumbrances or restrictions arising from or existing, prior or during Tenant’s previous ownership of the Leased Premises.