Refinancing or Prepayment of the Mortgage Loan. Neither Borrower nor Owner shall make any partial or full prepayments of amounts owing under the Mortgage Loan (other than any partial or full prepayments permitted by and made in accordance with the terms of the Mortgage Loan Agreement and this Agreement) or refinance the Mortgage Loan without the prior written consent of Lender, unless such refinancing results in the concurrent payment in full of the Debt.
Appears in 6 contracts
Samples: Mezzanine a Loan Agreement (Hospitality Investors Trust, Inc.), Mezzanine B Loan Agreement (Hospitality Investors Trust, Inc.), Mezzanine Loan Agreement (Hospitality Investors Trust, Inc.)
Refinancing or Prepayment of the Mortgage Loan. Neither Other than mandatory prepayments under the Mortgage Loan Documents, neither Borrower nor Owner Mortgage Borrower shall make any partial or full prepayments of amounts owing under the Mortgage Loan (other than any partial or full prepayments permitted by and made in accordance with the terms of the Mortgage Loan Agreement and this Agreement) or refinance the Mortgage Loan without the prior written consent of LenderAdministrative Agent, unless such refinancing results in the concurrent payment in full of the Debt.
Appears in 1 contract
Samples: Mezzanine Loan Agreement (KBS Strategic Opportunity REIT, Inc.)
Refinancing or Prepayment of the Mortgage Loan. Neither Borrower, nor Sole Member nor Mortgage Borrower nor Owner shall make any partial or full defeasances or prepayments of amounts owing under the Mortgage Loan (other than any partial or full prepayments permitted by and made in accordance with the terms of the Mortgage Loan Agreement and this Agreement) or refinance the Mortgage Loan without the prior written consent of Lender, unless such refinancing results in the concurrent payment in full of the DebtDebt in accordance with this Agreement.
Appears in 1 contract
Samples: First Mezzanine Loan Agreement (Clipper Realty Inc.)
