New Mezzanine Loan definition

New Mezzanine Loan shall have the meaning set forth in Section 2.1.7.
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New Mezzanine Loan has the meaning provided in Section 15(m).
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New Mezzanine Loan has the meaning set forth in Section 9.24(b).
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Examples of New Mezzanine Loan in a sentence

  • Borrower shall cause the formation of one or more special purpose, bankruptcy remote entities as required by Lender in order to serve as the borrower under any New Mezzanine Loan (each, a “New Mezzanine Loan Borrower”) and the applicable organizational documents of Borrower shall be amended and modified as necessary or required in the formation of any New Mezzanine Loan Borrower.

  • Each Junior Lender under a Junior Loan that is subordinate to a New Mezzanine Loan shall have a concurrent right of first offer to purchase such New Mezzanine Loan exercisable within a period of no more than ten (10) Business Days after receipt of the applicable notice and otherwise upon terms and conditions reasonably satisfactory to Senior Lender.

  • At any time and from time to time or before the Securitization of the Senior Loan, Senior Lender may provide Junior Lenders with written notice (a “New Mezzanine Loan Notice”) that it intends to convert a portion of the Senior Loan into a new mezzanine loan (the “New Mezzanine Loan”) senior to the Mezzanine A Loan, which conversion (and creation) shall occur within ten (10) Business Days of the New Mezzanine Loan Notice.

  • In the event that Senior Lender proposes to sell such New Mezzanine Loan to a third party for a price that is less than ninety-five percent (95%) of the price offered in a rejected offer notice received from the Junior Lender having the exclusive right so to purchase such New Mezzanine Loan, then such New Mezzanine Loan shall be first-offered again to such Junior Lender.


More Definitions of New Mezzanine Loan

New Mezzanine Loan shall have the meaning set forth in the Mortgage Loan Agreement.
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New Mezzanine Loan is defined in Section 13.8(B).
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New Mezzanine Loan. 9.4 “Notice” – 6.1
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New Mezzanine Loan shall have the meaning ascribed to such term in Section 9.4 hereof.
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New Mezzanine Loan. 9.4 “Notice” — 6.1 “Operating Budget” — 6.3.5 “Operating Expense Subaccount” — 3.6 “Partial Defeasance” — 2.3.3 “Permitted Investments” — Deposit Account Agreement “Policies” — 7.1.2 “Principal” — 2.1 “Proceeds” — 7.2.2 “Provided Information” — 9.1 “Registration Statement” — 9.1.3 “Remedial Work” — 5.7.2 “Rent Roll” — 4.15 “Required Repairs Subaccount” — 3.2.2 “Required Records” — 6.3.6 “Required Repairs” — 3.2.1 “Required Repairs Subaccount” — 3.2.2 “Restoration” — 7.4.1 “Rollover Reserve Subaccount” — 3.5 “Scheduled Defeasance Payments” — 2.3.3 “Secondary Market Transaction” — 9.1 “Securities” — 9.1.1 “Security Agreement” — 2.3.3 “Security Deposit Account” — 3.8 “Security Deposit Subaccount” — 3.8 “Significant Casualty” — 7.2.2 “Single Member Bankruptcy Remote LLC” – Schedule 4 “Sole Member” – Schedule 4 “Special Member” – Schedule 4 “Special Purpose Bankruptcy Remote Entity” – Schedule 4 “Special Transfer” — 5.16 “Springing Recourse Event” – 10.1 “Subaccounts” — 3.1 “Successor Borrower” — 2.3.3 “Successor Guarantor” – 5.16 “Tax and Insurance Subaccount” — 3.3 “Undefeased Note” — 2.3.3 Schedule 1 - 2 Schedule 2
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New Mezzanine Loan shall have the meaning set forth in the recitals hereof.
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New Mezzanine Loan has the meaning ascribed to such term in the recitals.
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