Common Contracts

LOAN PAYOFF AGREEMENT

Loan Payoff Agreement • May 14th, 2009 • New York

• Contract Type
  Loan Payoff Agreement
• Filed
  May 14th, 2009
• Jurisdiction
  New York

THIS LOAN PAYOFF AGREEMENT (“Agreement”) is made as of the day of May, 2009 (the “Effective Date”), by and among M&B MEZZ LLC, a Delaware limited liability company (“Borrower”), M&B REALTY DEVELOPMENT LLC, a Delaware limited liability company (“Principal Pledgor”), BENJAMIN SHAOUL, an individual (“Shaoul”), MARC RAVNER, an individual (“Ravner”, and together with Shaoul, each a “Guarantor” and collectively, the “Guarantors”), LEHMAN BROTHERS HOLDINGS INC., a Delaware corporation (“LBHI”), LEHMAN COMMERCIAL PAPER INC., a New York corporation (“LCPI”) and LEHMAN RE LTD., a Bermuda corporation (“Lehman Re”). LBHI, LCPI and Lehman Re are hereinafter collectively referred to from time to time as “Lender Parties”.