Examples of Mezzanine Loan Agreement in a sentence
The proceeds of the sale of the Pledged Collateral shall be available to cover such costs and expenses, and, after deducting such costs and expenses from the proceeds of the sale, Mezzanine Lender shall apply any remaining amounts to the payment of Mezzanine Borrower’s obligations under the Mezzanine Loan Documents in the order of priority as set forth in the Mezzanine Loan Agreement and other Mezzanine Loan Documents.
Capitalized terms used but not otherwise defined herein shall have the meanings given to them in the Mezzanine Loan Agreement.
Participants in the program must comply with the terms and conditions regarding data security set by ACE within Attachment A.
An event of default (“Event of Default”) shall occur under this Pledge Agreement if: (a) Mezzanine Borrower fails to fully and timely perform any obligation under this Pledge Agreement when due (and without reference to any notice or cure permitted under the Mezzanine Loan Agreement or any other Mezzanine Loan Document), or (b) an “Event of Default” as that term is defined under the Mezzanine Loan Agreement or any other Mezzanine Loan Document has occurred and remains uncured.
Mezzanine Lender shall have no obligation to marshal any assets in favor of Mezzanine Borrower or any other party or against, or in payment of, any or all of the obligations of Mezzanine Borrower pursuant to this Pledge Agreement, the Mezzanine Loan Agreement, the Mezzanine Note or any other Mezzanine Loan Document.