Common use of Assignment by Leasehold Mortgagee Clause in Contracts

Assignment by Leasehold Mortgagee. The term “Leasehold Mortgagee” as used in this Lease shall mean not only the original lender that loaned money to Tenant and is named as beneficiary, mortgagee, or security holder in the security instrument creating any Leasehold Mortgage, but also all subsequent purchasers or assignees of such security instrument.

Appears in 3 contracts

Sources: Ground Lease, Ground Lease (Palace Entertainment Holdings, Inc.), Ground Lease (Palace Entertainment Holdings, Inc.)