Examples of Master Lessee in a sentence
The Master Lessee will, without notice, be jointly and severally liable for the due performance of the obligations of its Affiliates under all Schedules executed hereunder, including without limitation, all terms and conditions negotiated by its Affiliate.
Borrower shall execute and deliver any further assignments of Leases and Rents as Lender may reasonably require, and shall require Master Lessee to execute and deliver any corresponding assignments in support thereof.
Ltd., a subsidiary of Far East Orchard Limited (“FEOR”), has been engaged by the Master Lessee to operate the Property under a hotel management agreement.
No more often than once in any twelve (12) month period, Lender is authorized to obtain a credit report (if applicable) on each of Borrower, Master Lessee, and Guarantor, the cost of which report shall be paid by Borrower.
Borrower represents and warrants that it is the express intent of Borrower and Master Lessee that the Seniors Housing Facility Lease constitute a lease under applicable real property laws and laws governing bankruptcy, insolvency, and creditors’ rights generally, and that the sole interest of Master Lessee in the Mortgaged Property is as a tenant under the Seniors Housing Facility Lease.