Consent to Mortgage. Tenant may from time to time without further consent of Landlord assign this Lease by way of mortgage to any bank, insurance company or other established lending institution as mortgagee, provided that Tenant shall upon execution of such mortgage promptly deliver a true copy thereof to Landlord. The mortgagee or its assigns may enforce such mortgage and acquire title to the leasehold estate in any lawful way, and pending foreclosure of such mortgage may take possession of and rent said premises, and upon foreclosure thereof may without further consent of Landlord sell and assign the leasehold estate by assignment in which the assignee shall expressly assume and agree to observe and perform all the covenants of Tenant herein contained, and such assignee may make a purchase money mortgage of this Lease to the assignor, provided that upon execution of any such assignment or mortgage a true copy thereof shall be delivered promptly to Landlord and that no other or further assignment of this Lease for which any provision hereof requires the written consent of Landlord shall be made without such consent. The mortgagee or its assigns of such mortgage shall be liable to perform the obligations herein imposed on Tenant only during the period such person has possession or ownership of the leasehold estate. Nothing contained in such mortgage shall release or be deemed to relieve Tenant from the full and faithful observance and performance of Tenant's covenants herein contained or from any liability for the nonobservance or nonperformance thereof, nor be deemed to constitute a waiver of any rights of Landlord hereunder, and the terms, covenants and conditions of this Lease shall control in case of any conflict with the provisions of such mortgage.
Consent to Mortgage. The Issuer and the Trustee consent to the Mortgage of the Project to the Lender, consent to the subjection of the Land to the Mortgage, and agree that this Indenture is subject and subordinate to the Mortgage loan and related documents. REMEDIES ON DEFAULT
Consent to Mortgage. HCDA hereby consents to the execution of the Honolulu HomeLoans Mortgage and Note; provided, however, that HCDA 's consent herein shall not authorize nor be deemed to authorize, any further or other conveyance or mortgage of the Property, or the execution of any other or further agreement to convey or pledge the same;
Consent to Mortgage. Lessor hereby consents to the Loans identified pursuant to Section 1(p) and any deeds of trust securing such Loans and encumbering the leasehold.
Consent to Mortgage. Lessor hereby consents to the secured Loans from Lender and any mortgage, deed of trust, security agreement or collateral assignment securing the Loans and encumbering the Project (each a “mortgage” and collectively “Mortgages”) as encumbrances on the Project and to the foreclosure of enforcement thereof or the assignment of the Lease in lieu of such foreclosure or enforcement.
Consent to Mortgage. The Borrower or its applicable Subsidiary shall have either (x) obtained the consent from the City of Chicago to encumber the Owned Real Property located at 0000 Xxxx 00xx Xxxxxx, Xxxxxxx, Xxxxxxxx as specified in Section 6.18(c) of the Credit Agreement or, (y) if such consent has not been obtained by the Borrower or its applicable Subsidiary after using commercially reasonable efforts to do so, delivered to the Administrative Agent a detailed description of the efforts undertaken to date and the additional efforts to be undertaken by the Borrower or its applicable Subsidiary to obtain such consent in substance satisfactory to the Administrative Agent.
Consent to Mortgage. (a) Grantee shall have the right at all times during the term hereof, with the consent of Grantor, which consent shall not be unreasonably withheld, to obtain bonafide loans (including through special purpose revenue bonds) from a recognized lending or financial institution (including insurance companies), the Federal government, the State of Hawaii and/or the County of Hawaii, and to secure such loans by encumbering the easement estate created by this grant of easements by one or more mortgages, deeds of trust or other security instruments, including, without limitation, assignments of the rents, issues and profits from the Easement Area or any portion thereof; provided, however, that the proceeds of such loans are to be used in the development of
Consent to Mortgage. The Company has agreed that Executive may borrow the sum referred to above as the Loan and that the Property may be encumbered in full by the lien of a first mortgage on the Property in favor of the lender ("Lender") to the Executive. The Company hereby agrees to and has executed such documentation as the Lender has required to subject its undivided 28% interest in the Property to the lien of a mortgage in favor of Lender. Executive is fully responsible for the payment of all debt service on the Loan, and the Company is not, and shall not be an obligor or guarantor on the Loan. Executive's percentage of ownership in the Property is subject to the principal amount of the Loan. No payment of principal on the Loan shall serve to increase Executive's percentage interest in the Property or to reduce the Company's percentage interest therein. In the event of a sale of the Property, repayment of any outstanding principal balance of the Loan shall be charged against Executive's percentage of ownership interest in the proceeds of the sale of the Property.
Consent to Mortgage. Landlord hereby consents to the Mortgage.
Consent to Mortgage. IDL hereby consents to the Mortgage and to the security interest created thereby, along with the rights and privileges granted to Lender thereby, which are subject to the terms and conditions of the Lease. The Parties acknowledge that pursuant to Article 10 of the Lease, the consent of IDL is required in order to grant any mortgage or security interest in the Lease, Wind Project, or Leased Premises. IDL’s consent to the granting of a security interest is limited to a security interest upon or against Xxxxxxxx's leasehold interest set forth under the Lease.
