Common use of Additional Mezzanine Financing Clause in Contracts

Additional Mezzanine Financing. In connection with any Securitization of the Loan, Lender shall have the right at any time to divide the Loan into two or more parts (the “Additional Mezzanine Option”): a senior mezzanine loan (the “Senior Loan”) and one or more mezzanine Loans (the “Additional Mezzanine Loan(s)”). The principal amount of the Senior Loan and the Additional Mezzanine Loan(s) shall equal the outstanding principal balance of the Loan immediately prior to the creation of the Senior Loan and the Additional Mezzanine Loan(s). In effectuating the foregoing, Lender will make a loan to Additional Mezzanine Borrower(s); Additional Mezzanine Borrower will contribute the amount of such Additional Mezzanine Loan to Pledgor and Pledgor will apply the contribution to pay down the Loan. The Senior Loan and the Additional Mezzanine Loan(s) will be on the same terms and subject to the same conditions set forth in this Agreement, the Note, the Pledge Agreement and the other Loan Documents except as follows:

Additional Mezzanine Financing. In connection with any Securitization of the Loan (and for so long as Originating Lender owns all or a portion of the Loan), Lender shall have the right at any time to divide the Loan into two or more parts (the “Additional Mezzanine Option”): a senior mezzanine loan (the “Senior Loan”) and one or more mezzanine Loans (the “Additional Mezzanine Loan(s)”). The principal amount of the Senior Loan, the Mezzanine A Loan, the Mezzanine B Loan, the Mezzanine C Loan, the Mezzanine D Loan and the Additional Mezzanine Loan(s) shall equal the outstanding principal balance of the Loan, the Mezzanine A Loan, the Mezzanine B Loan, the Mezzanine C Loan, the Mezzanine D Loan immediately prior to the creation of the Senior Loan and the Additional Mezzanine Loan(s). In effectuating the foregoing, Lender will make a loan to Additional Mezzanine Borrower(s); Additional Mezzanine Borrower will contribute the amount of such Additional Mezzanine Loan to Pledgor and Pledgor will apply the contribution to pay down the Loan. The Senior Loan and the Additional Mezzanine Loan(s) will be on the same terms and subject to the same conditions set forth in this Agreement, the Note, the Pledge Agreement and the other Loan Documents except as follows:

Additional Mezzanine Financing. In connection with any Securitization of the Loan (and for so long as Originating Lender owns all or a portion of the Loan), Lender shall have the right at any time to divide the Loan into two or more parts (the “Additional Mezzanine Option”): a senior mezzanine loan (the “Senior Loan”) and one or more mezzanine Loans (the “Additional Mezzanine Loan(s)”). The principal amount of the Senior Loan, the Mezzanine A Loan, the Mezzanine B Loan, the Mezzanine C Loan, the Mezzanine E Loan and the Additional Mezzanine Loan(s) shall equal the outstanding principal balance of the Loan, the Mezzanine A Loan, the Mezzanine B Loan, the Mezzanine C Loan, the Mezzanine E Loan immediately prior to the creation of the Senior Loan and the Additional Mezzanine Loan(s). In effectuating the foregoing, Lender will make a loan to Additional Mezzanine Borrower(s); Additional Mezzanine Borrower will contribute the amount of such Additional Mezzanine Loan to Pledgor and Pledgor will apply the contribution to pay down the Loan. The Senior Loan and the Additional Mezzanine Loan(s) will be on the same terms and subject to the same conditions set forth in this Agreement, the Note, the Pledge Agreement and the other Loan Documents except as follows:

Additional Mezzanine Financing. In connection with any Securitization of the Loan (and for so long as Originating Lender owns all or a portion of the Loan), Lender shall have the right at any time to divide the Loan into two or more parts (the “Additional Mezzanine Option”): a senior mezzanine loan (the “Senior Loan”) and one or more mezzanine Loans (the “Additional Mezzanine Loan(s)”). The principal amount of the Senior Loan, the Mezzanine B Loan, the Mezzanine C Loan, the Mezzanine D Loan, the Mezzanine E Loan and the Additional Mezzanine Loan(s) shall equal the outstanding principal balance of the Loan, the Mezzanine B Loan, the Mezzanine C Loan, the Mezzanine D Loan, the Mezzanine E Loan immediately prior to the creation of the Senior Loan and the Additional Mezzanine Loan(s). In effectuating the foregoing, Lender will make a loan to Additional Mezzanine Borrower(s); Additional Mezzanine Borrower will contribute the amount of such Additional Mezzanine Loan to Pledgor and Pledgor will apply the contribution to pay down the Loan. The Senior Loan and the Additional Mezzanine Loan(s) will be on the same terms and subject to the same conditions set forth in this Agreement, the Note, the Pledge Agreement and the other Loan Documents except as follows:

Additional Mezzanine Financing. In connection with any Securitization of the Loan (and for so long as Originating Lender owns all or a portion of the Loan), Lender shall have the right at any time to divide the Loan into two or more parts (the “Additional Mezzanine Option”): a senior mezzanine loan (the “Senior Loan”) and one or more mezzanine Loans (the “Additional Mezzanine Loan(s)”). The principal amount of the Senior Loan, the Mezzanine A Loan, the Mezzanine B Loan, the Mezzanine D Loan, the Mezzanine E Loan and the Additional Mezzanine Loan(s) shall equal the outstanding principal balance of the Loan, the Mezzanine A Loan, the Mezzanine B Loan, the Mezzanine D Loan, the Mezzanine E Loan immediately prior to the creation of the Senior Loan and the Additional Mezzanine Loan(s). In effectuating the foregoing, Lender will make a loan to Additional Mezzanine Borrower(s); Additional Mezzanine Borrower will contribute the amount of such Additional Mezzanine Loan to Pledgor and Pledgor will apply the contribution to pay down the Loan. The Senior Loan and the Additional Mezzanine Loan(s) will be on the same terms and subject to the same conditions set forth in this Agreement, the Note, the Pledge Agreement and the other Loan Documents except as follows: