WebDefinition of 'Subordination of Lease'. Subordination of lease refers to the tenant's consent to subordinate his or her rights over a property to the rights of the bank holding the mortgage on the property. A subordination of lease agreement is created for this purpose. Register on Propertyshark.com. Quick, easy 1-step registration. Free account, … Sign in to your Account E-mail *. required There’s a total of 2,034 office listings available for rent in New York City, NY. … The first choice for your online New York City real estate search. Pull out property … 20x40 2 story building on a 20x100 lot zoned R5. Built in 1960. Currently 2000 … Definition of 'Satisfaction of Mortgage' A satisfaction of mortgage is a legal … Definition of 'Subordination of Mortgage' A Subordination of Mortgage is a … Sundry Agreement Definition of 'Subordination of Mortgage' Sundry … WebRelated to MATERIAL SUBORDINATE LEASE. Permitted Subordinated Indebtedness means any unsecured Indebtedness of the Specified U.S. Borrower that (a) is expressly subordinated to the prior payment in full in cash of the Obligations on terms and conditions no less favorable to the Lenders than the terms and conditions of the 2012 Senior …
Subordination Clause: Meaning & Samples (2024) - ContractsCounsel
Web10 Apr 2024 · The subordinated debt is the debt that is regarded as having a lower priority. Unsubordinated debt is debt with a greater priority than the debt with the lowest priority. Simply put, subordinated debt has a higher risk than unsubordinated debt. In the event of borrower default, subordinated debt is any sort of loan that is paid after all other ... WebSubordination Agreementmeans any agreement between Agent and another creditor of Borrowers, as the same may be amended, supplemented, restated or otherwise modified … things to see in alfama
What Does a "Lease Subordinate to Any Mortgage" Mean?
Web8 Dec 2016 · A ground lease is an agreement between the fee owner of real estate (the ground lessor or landlord) and its tenant (the ground lessee) in which the fee owner leases the land to the tenant. Ground leases are typically for a longer term than a basic space lease and allow the tenant to construct improvements on the land and operate the ... Web9 Jun 2024 · When it comes to subordinated leases, it is very effortless to plan the permission plus other necessary financings. First, however, the landlord agrees in the subordinated lease that the bank could have the first claim. That means they can take the lower priority in terms of the chain. things to see at innisfail