Mortgage Requirements. 3.1 Applications in respect of a single investment home property will usually be limited in accordance with the following table: Loan Size Maximum LTV Up to £500,000 80 per cent. excluding fees Up to £1,000,000 75 per cent. excluding fees Up to £2,000,000 70 per cent. excluding Fees
Mortgage Requirements. No later than 90 days following the Tranche B-9 Effective Date, the Borrower shall deliver or cause to be delivered to the Collateral Agent:
Mortgage Requirements. Insurance shall be maintained in a manner consistent with the terms and conditions of any Mortgage and any conflict between those terms and conditions and the provisions of this Agreement shall be resolved in favor of the Mortgage.
Mortgage Requirements. Actions as to damage or destruction and condemnation shall be taken only in a manner that is consistent with the terms and conditions of the Mortgage and any conflict between those terms and conditions and the provisions of this Agreement shall be resolved in favor of the Mortgage.
Mortgage Requirements. Landlord represents to Tenant that on the date this Lease is executed, the premises are not encumbered by or subject to any mortgages, deeds of trust, or ground leases. This Lease shall, however, be subject and subordinate at all times to all ground or underlying leases which may hereafter be executed affecting the building and/or the land upon which the building is situated and to the lien of any mortgages or deeds of trust in any amount or amounts whatsoever hereafter placed on or against said building and/or land or on or against the Landlord's interest or estate therein or on or against any ground or underlying lease without the necessity of having further instruments on the part of Tenant to effectuate such subordination. Notwithstanding the foregoing, Tenant covenants and agrees to execute and deliver, upon demand, such further reasonable instruments evidencing such subordination of this Lease to such ground or underlying leases and to the lien of any such mortgages or deeds of trust as may be required by Landlord. Tenant hereby irrevocably appoints Landlord the attorney in fact of the Tenant to execute and deliver any such instrument or instruments for or in the name of Tenant. In the event any mortgagee shall elect to have this Lease a prior lien to its mortgage, then and in such event, upon such mortgagee notifying the Tenant in writing to that effect, this Lease shall have priority of the lien of such mortgage to the same extent as if the same have been placed on record prior to such mortgage. In the event of any sale, assignment or hypothecation of the building of which the premises are a part, and/or of any leasehold interest therein by Landlord, if a statement shall be required from Tenant as to offsets against the Landlord, Tenant agrees to furnish said statement to the party demanding the same accurately and promptly. In the event of termination of any ground or underlying lease, or in the event of sale, foreclosure or exercise of any power of sale under any mortgage or deed of trust superior to this Lease or to which this Lease is subject or subordinate, Tenant covenants and agrees that it will, upon request by the purchaser, attorn to the purchaser upon any foreclosure or sale and recognize such purchaser as the Landlord under this Lease, it being the intent hereof that if this Lease should be terminated by such foreclosure or sale, it shall, upon request by the purchaser be reinstated as a lease between the purchaser and the Tenant. Tenan...
Mortgage Requirements. (a) With respect to any Real Property (other than Excluded Real Property) acquired after the Effective Date and owned in fee by a Loan Party, within 90 days of the acquisition thereof, such Loan Party shall deliver to the Administrative Agent or its designee (such Person, the “Applicable Person”) a security interest in and Mortgage on each Real Property owned in fee by such Loan Party and, with respect to any Excluded Real Property described in clause (i) or clause (ii) of the definition thereof, within 90 days of the filing or recording of a subdivision plat, map or similar instrument, or the supplemental declaration, as the case may be, with respect to the applicable Entitled Land, the applicable Loan Party shall deliver to the Applicable Person a security interest in and Mortgage on such Entitled Land (which, in the case of such clause (ii) shall cover individual condominium units) and such Entitled Land shall no longer constitute Excluded Real Property.
Mortgage Requirements. The Land Commission and the Comprehensive Housing Division shall jointly develop rules governing the requirements of mortgages entered into by the Comprehensive Housing Division. At a minimum, the Land Commission and the Comprehensive Housing Division shall ensure that the mortgage requirement rules:
Mortgage Requirements. This Lease and all rights of Lessee under this Lease are hereby subordinate hereunder to any lien of any mortgage or mortgages or lien or other security interest resulting from any other method of financing or refinancing, now or hereafter in force against the Leased Property. The provisions of this Article notwithstanding, so long as Lessee is not in default hereunder, this Lease shall remain in full force and effect for the full term hereof and shall not be terminated as a result of any foreclosure or sale or transfer in lieu of such proceedings pursuant to a mortgage or other instrument to which Lessee has subordinated its rights pursuant hereto. In the event of the sale or assignment of Lessor's interest in the Leased Property, or in the event of any proceeding brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage or other security instrument made by Lessor covering the Leased Property, Lessee shall attorn to the assignee or purchaser and recognize such purchaser as Lessor under this Lease.
Mortgage Requirements. The following conditions (the “Mortgage Requirements”) will be satisfied in connection with the granting of any Mortgage:
Mortgage Requirements. Tenant shall have the right to grant a Leasehold Mortgage from time to time, provided that such Leasehold Mortgage meets the requirements of Section 9.2. Xxxxxx acknowledges and agrees that Landlord will not subordinate this Lease, or any rights hereunder, to any Leasehold Mortgage under any circumstance. Each and every Leasehold Mortgage which may now or hereafter affect the Land, Leasehold or Improvements, or any portion thereof, and all renewals, extensions, supplements, amendments, modifications, consolidations and replacements thereof or thereto, substitutions therefor, and advances made thereunder, shall be subject to Landlord’s fee interest in the Land and to this Lease. Upon any foreclosure or other exercise of remedies by a Leasehold Mortgagee, all rights of Landlord under this Lease shall remain in full force and effect. Tenant further acknowledges and agrees that no Leasehold Mortgagee shall be entitled to the protections of this Article 9 unless and until a true copy of the original of the instrument creating and effecting such Leasehold Mortgagee's Leasehold Mortgage, certified by Tenant to be a true copy of such instrument, and written Notice containing the name and post office address of the Leasehold Mortgagee, shall have been delivered to Landlord.
