Existing Mezzanine Loan definition

Existing Mezzanine Loan means the existing promissory note, pledge and security agreements and loan agreement, each dated as of October 9, 2006, as amended, from Hersha Hospitality Limited Partnership in the original principal amount of Two Million Dollars ($2,000,000.00) secured by interests in 44 West Haven Hospitality, LLC.
Sample 1
Existing Mezzanine Loan means that certain loan in the original principal amount of $1,300,000.00 made by Existing Mezzanine Lender to Existing Mezzanine Borrower.
Sample 1
Existing Mezzanine Loan has the meaning assigned in the Recitals.
Sample 1

Examples of Existing Mezzanine Loan in a sentence

  • Sole Member is permitted to obtain the Existing Mezzanine Loan and, subject to the terms of the Junior Loan Intercreditor Agreement, the Junior Mezzanine Borrower is permitted to obtain the Junior Mezzanine Loan.

  • Communications change must not be accomplished on the second aircraft until this separation is established.

  • Further notwithstanding anything in this Section 2.6.2 to the contrary, Borrower shall not be entitled to any partial release during the Existing Mezzanine Loan Period without Lender’s written consent, which may be granted or withheld in Lender’s reasonable discretion.

  • Senior Tier Mezzanine Borrower, BRE/PARK PLACE JUNIOR MEZZANINE L.L.C. ("Junior Tier Mezzanine Borrower" and, together with Senior Tier Mezzanine Borrower, the "Borrowers"), a Delaware limited liability company, Senior Tier Mezzanine Lender, German American Capital Corporation ("Junior Tier Mezzanine Lender" and, together with Senior Tier Mezzanine Lender, "Lenders"), and Guarantor have agreed to modify the Existing Mezzanine Loan upon certain terms and conditions hereinafter set forth.

  • In conjunction with the use of these EFT services, we may issue to you an access device, which may be a card, code or other means of accessing your Account to initiate EFTs.

  • The Existing Mezzanine Loan has a current outstanding principal balance of $41,000,000.

  • Borrower has requested and the Lender has agreed, subject to and in accordance with the terms of this Agreement and the other Loan Documents (as defined below), to make a loan to the Borrower in the principal amount of the Loan Amount (as defined below) for the refinancing of the Existing Mezzanine Loan relative to the Project.

  • For sake of clarity, the parties hereto acknowledge and agree that the Existing Mezzanine Loan is not a mezzanine loan required by Lender pursuant to this Section 9.1, but rather, is a loan being made at Borrower’s request, and therefore, all costs and expenses incurred by Borrower, Guarantor or Lender in connection with the Existing Mezzanine Loan shall be paid by Borrower.

  • This Agreement amends, restates and supersedes the Existing Mezzanine Loan Agreement in its entirety.

  • Section 8.l(ff)-2 of the Disclosure Letter is a true and correct list of all Existing Mezzanine Loan Documents.


More Definitions of Existing Mezzanine Loan

Existing Mezzanine Loan means that certain mezzanine loan in the principal amount of $165,000,000.00 made on February 25, 2013 by German American Capital Corporation and Bank of America, N.A., as co-lenders, to WWP Mezz, and evidenced and secured by the Existing Mezzanine Loan Documents.
Sample 1
Existing Mezzanine Loan means that certain loan in the original principal amount of $2,480,000.00 made by Lender to IREIT DG SPE II Member, L.L.C., a Delaware limited liability company.
Sample 1
Existing Mezzanine Loan means the loan made by Lender to MPR Mezzanine Holdings S.E. in the original principal amount of $25,000,000.00.
Sample 1
Existing Mezzanine Loan means that mezzanine construction loan made by the Prior Lenders to the Borrower in the original principal amount of $65,000,000, which mezzanine construction loan has been satisfied on this date with the proceeds from the Loan.
Sample 1

Related to Existing Mezzanine Loan

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

  • 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 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.

  • 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.

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

  • 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.

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

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

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Refinancing Conditions the following conditions for Refinancing Debt: (a) it is in an aggregate principal amount that does not exceed the principal amount of the Debt being extended, renewed or refinanced; (b) it has a final maturity no sooner than, a weighted average life no less than, and an interest rate no greater than, the Debt being extended, renewed or refinanced; (c) it is subordinated to the Obligations at least to the same extent as the Debt being extended, renewed or refinanced; (d) the representations, covenants and defaults applicable to it are no less favorable to Borrowers than those applicable to the Debt being extended, renewed or refinanced; (e) no additional Lien is granted to secure it; (f) no additional Person is obligated on such Debt; and (g) upon giving effect to it, no Default or Event of Default exists.

  • Credit Agreement Refinancing Indebtedness means (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Lien Refinancing Debt, (c) Permitted Unsecured Refinancing Debt or (d) Indebtedness incurred or Other Revolving Commitments obtained pursuant to a Refinancing Amendment, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or refinance, in whole or part, existing Term Loans, outstanding Revolving Loans or (in the case of Other Revolving Commitments obtained pursuant to a Refinancing Amendment) Revolving Commitments, outstanding loans under any Incremental Revolving Facility or undrawn commitments under any Incremental Revolving Facility (“Refinanced Debt”); provided that (i) such extending, renewing, replacing or refinancing Indebtedness (including, if such Indebtedness includes any Other Revolving Commitments, the unused portion of such Other Revolving Commitments) is in an original aggregate principal amount not greater than the sum of the aggregate principal amount of the Refinanced Debt (and, in the case of Refinanced Debt consisting, in whole or in part, of unused commitments under any Incremental Revolving Facility or Other Revolving Commitments, the amount thereof) plus all accrued and unpaid interest and fees thereon and expenses incurred in connection with such extension, renewal, replacement or refinancing, (ii) such Indebtedness has a maturity that is equal to or later than and, except in the case of Other Revolving Commitments, a Weighted Average Life to Maturity equal to or greater than the Refinanced Debt, and (iii) such Refinanced Debt shall be repaid, defeased or satisfied and discharged, and all accrued interest, fees and premiums (if any) in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained; provided that to the extent that such Refinanced Debt consists, in whole or in part, of commitments under any Incremental Revolving Facility or Other Revolving Commitments (or loans incurred pursuant to any Incremental Revolving Facility or Other Revolving Loans), such commitments shall be terminated, and all accrued fees in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained.

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

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Refinancing Date The date on which a Current Mortgage Loan or Mortgage Loan is refinanced by Seller or an affiliate thereof.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Refinancing Lender has the meaning assigned to such term in Section 2.23(c).

  • 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.

  • Refinancing Commitments shall have the meaning provided in Section 2.15(b)(i).

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.