Additional Non-Qualified Mandatory Prepayment. (i) Section 2.4.2(d) of the Mortgage Loan Agreement contains provisions requiring Mortgage Borrowers to pay to Mortgage Lender on the Additional Non-Qualified Prepayment Date an additional mandatory prepayment of the Aggregate Outstanding Principal Balance in the amount of $75,000,000.00 (the “Additional Non-Qualified Mandatory Prepayment”), in accordance with the provisions of Section 2.4.2(d) of the Mortgage Loan Agreement.
Appears in 5 contracts
Samples: Third Mezzanine Loan Agreement (Morgans Hotel Group Co.), First Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC), Third Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC)
Additional Non-Qualified Mandatory Prepayment. (i) Section 2.4.2(d) of the Mortgage Loan Agreement contains provisions requiring Mortgage Borrowers to pay to Mortgage Lender on the Additional Non-Qualified Prepayment Date an additional mandatory prepayment of the Aggregate Outstanding Principal Balance in the amount of $75,000,000.00 (the “Additional Non-Qualified Mandatory 62 Prepayment”), in accordance with the provisions of Section 2.4.2(d) of the Mortgage Loan Agreement.
Appears in 1 contract
Samples: First Mezzanine Loan Agreement (Morgans Hotel Group Co.)
