Current Mezzanine Loan definition

Current Mezzanine Loan means that certain mezzanine loan in the principal amount of $[100,000,000] made on the date hereof by Current Mezzanine Loan Lender to Current Mezzanine Loan Borrower, and evidenced and secured by the Current Mezzanine Loan Documents.
Sample 1Sample 2

Examples of Current Mezzanine Loan in a sentence

  • Lender and Current Mezzanine Loan Lender shall have no obligation to disclose to Borrower the contents of the Intercreditor Agreement.

  • Lender and Current Mezzanine Loan Lender (and New Mezzanine Loan Lender if a New Mezzanine Loan is created pursuant to Section 8.3.2) are or will be parties to a certain intercreditor agreement (the “Intercreditor Agreement”) memorializing their relative rights and obligations with respect to the Loan, the Current Mezzanine Loan, any New Mezzanine Loan, Borrower, Current Mezzanine Loan Borrower, any New Mezzanine Loan Borrower and the Property.

  • On the date which is three (3) years from the foreclosure of the Current Mezzanine Loan or a New Mezzanine Loan.

  • Borrower shall use proceeds of the Loan (together with the Current Mezzanine Loan) to (i) acquire the Property and/or pay and discharge any existing loans relating to the Property, (ii) pay all past-due Taxes, Insurance Premiums and Other Charges, if any, in respect of the Property, (iii) make initial deposits of the Reserve Funds and (iv) pay costs and expenses incurred in connection with the closing of the Loan and the Current Mezzanine Loan.

  • Borrower hereby acknowledges and agrees that (i) such Intercreditor Agreement is intended solely for the benefit of Lender and Current Mezzanine Loan Lender and (ii) neither Borrower nor Current Mezzanine Borrower are intended third-party beneficiaries of any of the provisions therein and shall not be entitled to rely on any of the provisions contained therein.

  • Borrower acknowledges that Lender and Current Mezzanine Loan Lender are parties to the Intercreditor Agreement, which memorializes their relative rights and obligations with respect to the Loan, the Current Mezzanine Loan, Borrower, Current Mezzanine Borrower, the Property and the Collateral (as defined in the Current Mezzanine Loan Agreement).

  • Other than payments of the Monthly Current Mezzanine Debt Service Payment made pursuant to clause (x) of Section 6.11.1 and prepayment pursuant to and in accordance with Section 2.4.4(a) of the Current Mezzanine Loan Agreement, the Mezzanine Loan may not be prepaid, in whole or in part, and Borrower shall not cause, suffer or permit any such prepayment, unless the Debt has been paid in full.

  • Borrower shall use proceeds of the Loan to: (i) to refinance any existing mortgage and mezzanine indebtedness secured directly or indirectly by the Property, (ii) to make initial deposits of the Reserve Funds as required by Lender, (iii) to pay costs and expenses incurred in connection with the closing of the Loan and the Current Mezzanine Loan, and (iv) for such other purposes as provided in the sources and uses delivered at Closing as approved by Lender.

  • For purposes of this Section 5.5(a), New Mezzanine Loan shall mean a New Mezzanine Loan (as defined in the Loan Agreement) and/or a New Junior Mezzanine Loan (as defined in the Current Mezzanine Loan Agreement).

  • Even the tool closest to our goal, ValidMaker, can only level heterogeneity through a purely syntactical approach, and is hence appropriate to a relatively narrow spectrum of devices.

Related to Current Mezzanine Loan

  • Mezzanine Loan means a mezzanine loan secured by equity interests in the Mortgage Loan Borrower.

  • Accelerated Mezzanine Loan means any mezzanine loan (secured by a pledge of the direct (or indirect) equity interests in the Mortgagor) related to the Mortgage Loan if such mezzanine loan either (i) has been accelerated, or (ii) is the subject of foreclosure proceedings against the related collateral for such mezzanine loan.

  • Mezzanine Loans means, individually or collectively, as the context may require, the First Mezzanine Loan and the Second Mezzanine Loan, and each of the First Mezzanine Loan and/or the Second Mezzanine Loan, individually, a “Mezzanine Loan”.

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Accelerated Mezzanine Loan Lender shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

  • Mezzanine Loan Documents means, as to each Mezzanine Loan, all documents evidencing, securing, guaranteeing and/or perfecting such Mezzanine Loan and all documents executed and/or delivered in connection therewith.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • Co-op Loan A Mortgage Loan secured by the pledge of stock allocated to a dwelling unit in a residential cooperative housing corporation and a collateral assignment of the related Co-op Lease.

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Existing Loan means the loan identified on Exhibit H.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • Refinancing Loan has the meaning specified in Section 2.15(b).

  • Partnership Loan has the meaning provided in Section 5.2(c) hereof.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Mezzanine Lender shall have the meaning set forth in the first paragraph of this Agreement.

  • Term SOFR Rate Loan means a Loan that bears interest based on the Term SOFR Rate.

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.

  • CD Loan means a Committed Loan which bears interest at a CD Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • Group II Senior Principal Distribution Amount As to any Distribution Date, the sum of (i) the Group II Senior Percentage of the Principal Payment Amount for Loan Group II, (ii) the applicable Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group II, and (iii) the Group II Senior Liquidation Amount.

  • Group I Senior Principal Distribution Amount For any Distribution Date, an amount equal to the sum of (a) the Group I Senior Percentage of the Principal Payment Amount for Loan Group I, (b) the Group I Senior Prepayment Percentage of the Principal Prepayment Amount for Loan Group I and (c) the Group I Senior Liquidation Amount.

  • Partnership Percentage means a percentage established for each partner on the Partnership' books as of the first day of each Fiscal Period. The Partnership Percentage of a Partner for a Fiscal Period shall be determined by dividing the amount of the Partner's capital account as of the beginning of the Fiscal Period by the sum of the capital accounts of all of the Partners as of the beginning of the fiscal Period. The sum of the Partnership Percentage for each fiscal Period shall equal one hundred percent (100%).

  • Wet-Ink Mortgage Loan means a Mortgage Loan which Seller is selling to Buyer simultaneously with the origination thereof.

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

  • Performing Cash Pay Mezzanine Investments means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.