landlord's waiver

landlord's waiver
A loan document used in a number of different situations. Most often used when inventory or equipment lenders are secured by collateral located in premises leased by the borrower. In those cases, the secured lender may request a landlord's waiver to establish the lender's right to enter the premises and to control or remove the collateral. May also be used to obtain a landlord's permission and waiver of rights when a lender takes a security interest in leasehold improvements made by a borrower/tenant. American Banker Glossary

Financial and business terms. 2012.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • waiver — waiv·er / wā vər/ n [Anglo French, from waiver to waive]: the act of intentionally or knowingly relinquishing or abandoning a known right, claim, or privilege; also: the legal instrument evidencing such an act compare estoppel, forfeiture ◇ Acts… …   Law dictionary

  • Waiver Of Subrogation — A special type of endorsement on a property casualty insurance policy. The Waiver of Subrogation prohibits the insurer from attempting to seek restitution from a third party who causes any kind of loss to the insured. This type of arrangement is… …   Investment dictionary

  • waiver — The setting aside or non enforcement of a right. This may be done deliberately or it may happen by the operation of law. For example, if a tenant is in breach of a covenant in a lease and the landlord demands rent in spite of knowing of the… …   Big dictionary of business and management

  • mortgagee waiver — A document obtained by some secured lenders with a collateral interest in property covered or potentially covered by a mortgage granted to a different lender. For example, if Bank B is taking a security interest in large equipment that might be… …   Financial and business terms

  • City and Westminster Properties (1934) Ltd v Mudd — Court High Court Citation(s) [1959] Ch 129 Case opinions Harman …   Wikipedia

  • Estoppel — in its broadest sense is a legal term referring to a series of legal and equitable doctrines that preclude a person from denying or asserting anything to the contrary of that which has, in contemplation of law, been established as the truth,… …   Wikipedia

  • South African contract law — is essentially a modernised version of the Roman Dutch law of contract, [1] which is itself rooted in Roman law. In the broadest definition, a contract is an agreement entered into by two or more parties with the serious intention of creating a… …   Wikipedia

  • List of Acts of the Oireachtas — This is a list of Acts of the Oireachtas for the years 1922 to present.1922 19301922*Constitution of the Irish Free State (Saorstát Éireann) Act 1922:: Technically this was an Act of the Irish Constituent Assembly; the Oireachtas did not yet… …   Wikipedia

  • surrender — sur·ren·der 1 vt 1 a: to yield to the control or possession of another surrender the leased premises surrender collateral to a creditor b: to give up completely or agree to forgo c: to cancel (one s insurance policy) voluntarily 2: to g …   Law dictionary

  • forfeiture — for·fei·ture / fȯr fə ˌchu̇r/ n 1: the loss of a right, money, or esp. property because of one s criminal act, default, or failure or neglect to perform a duty compare waiver 2: something (as money or property) that is forfeited as a penalty… …   Law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”