Refinancing or Prepayment of the Mortgage Loan. Borrowers or Mortgage Borrowers shall not be required to obtain the consent of Lender to refinance the Mortgage Loan, provided that the Loan shall have been (or shall simultaneously be) paid in full in accordance with the terms of this Agreement (including any Spread Maintenance Premiums and other amounts due and payable to Lender under the Loan Documents). Borrowers shall cause Mortgage Borrowers to obtain the prior written consent of Lender to enter into any other refinancing of the Mortgage Loan which consent shall not be unreasonably withheld, conditioned or delayed.
Appears in 2 contracts
Samples: First Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC), First Mezzanine Loan Agreement (Morgans Hotel Group Co.)
Refinancing or Prepayment of the Mortgage Loan. Borrowers or Neither Borrower nor Mortgage Borrowers Borrower shall not be required to obtain the consent of Lender to refinance the Mortgage Loan, provided that the Loan shall have been (or shall simultaneously be) been paid in full in accordance with the terms of this Agreement (including any Spread Maintenance Premiums prepayment premiums and other amounts due and payable to Lender under the Loan Documents). Borrowers Borrower shall cause Mortgage Borrowers Borrower to obtain the prior written consent of Lender to enter into any other refinancing of the Mortgage Loan Loan, which consent shall not be unreasonably withheld, conditioned or delayed.
Appears in 1 contract
Samples: Mezzanine Loan Agreement (CNL Healthcare Trust, Inc.)
Refinancing or Prepayment of the Mortgage Loan. Borrowers or Mortgage Borrowers shall not be required to obtain the consent of Lender to refinance the Mortgage Loan, provided that the Loan shall have been (or shall simultaneously be) paid in full in accordance with the terms of this Agreement (including the Accrued Interest, the Exit Fee or any Spread Maintenance Premiums and other amounts due and payable to Lender under the Loan Documents). Borrowers shall cause Mortgage Borrowers to obtain the prior written consent of Lender to enter into any other refinancing of the Mortgage Loan which consent shall not be unreasonably withheld, conditioned or delayed.
Appears in 1 contract
Samples: First Mezzanine Loan Agreement (Hard Rock Hotel Holdings, LLC)
