Examples of Approved Mezzanine Lender in a sentence
Without limiting the foregoing, the term Mezzanine Loan Documents shall also include all documents, agreements or instruments evidencing, securing or delivered to an Approved Mezzanine Lender in connection with any Approved Mezzanine Loan.
In effectuating the foregoing, the Approved Mezzanine Lender will make a loan to a borrower (the “Mezzanine Borrower(s)”); Mezzanine Borrower(s) will contribute the amount of the Approved Mezzanine Loan(s) to Borrower (in its capacity as Borrower under the Mortgage Loan, “Mortgage Borrower”) and Mortgage Borrower will apply the contribution to pay down the Loan to its Mortgage Loan amount (without prepayment premium).
Upon repayment in full of the Debt, all remaining funds in the Accounts, if any, shall be promptly deposited with Approved Mezzanine Lender, to be disbursed in accordance with the terms of the Approved Mezzanine Loan Documents, or if the “Debt” (as such term is defined in the Approved Mezzanine Loan Agreement) is to be simultaneously repaid with the Debt, paid to the Borrower.
For the avoidance of doubt, nothing herein restricts in any manner any Approved Mezzanine Borrower from obtaining an Approved Mezzanine Loan from an Approved Mezzanine Lender; provided that on or prior to the Approved Mezzanine Closing Date, Borrower is required to make the deposit into the Future PIP Reserve Account as set forth in Section 6.6.1(a).
For the avoidance of doubt, nothing herein restricts in any manner any Approved Mezzanine Borrower from obtaining an Approved Mezzanine Loan from an Approved Mezzanine Lender; provided that on or prior to the Approved Mezzanine Closing Date, Borrower is required, or shall cause Owner, to make the deposit into the Future PIP Reserve Account as set forth in Section 6.6.1(a) of the Mortgage Loan Agreement.
Subject to paragraph (b) below, any amounts of Net Liquidation Proceeds After Debt Service in excess of the Debt shall be paid (i) to Approved Mezzanine Lender if the Approved Mezzanine Loan is outstanding, or (ii) to Borrower if any Approved Mezzanine Loan is not outstanding.
Mezzanine Borrower shall have a one-time right to enter into not more than one tranche of mezzanine financing (a “Replacement Mezzanine Financing”) and Mezzanine Borrower may pledge to the Approved Mezzanine Lender under such Replacement Mezzanine Financing the direct or indirect equity interests in each Borrower as collateral for any such Replacement Mezzanine Financing; provided that the Replacement Mezzanine Financing is an Approved Mezzanine Loan.
Fifth and Sixth grade sports should be scheduled to end at 8:30 p.m. on school nights and 9:00 p.m. when there is no school the next day.