First Mezzanine Borrower definition

First Mezzanine Borrower means one of the First Mezzanine Borrowers individually, or the First Mezzanine Borrowers collectively, as the context shall require.

First Mezzanine Borrower means, collectively, the entities set forth on Schedule XIV hereto, each a Delaware limited liability company, together with their respective successors and permitted assigns. As used herein, the term “First Mezzanine Borrower” shall mean one of the First Mezzanine Borrowers individually, or the First Mezzanine Borrowers collectively, as the context shall require.

First Mezzanine Borrower has the meaning set forth in the Recitals.

Examples of First Mezzanine Borrower in a sentence

• On each date on which amounts are required to be paid to Lender under any of the Loan Documents (or required be disbursed to the Mezzanine Collection Account, if applicable) Borrower shall exercise its rights under the First Mezzanine Borrower Company Agreement to cause Senior Mezzanine Borrower to make to Borrower a distribution in an aggregate amount such that Lender shall receive the amount required to be disbursed to the Mezzanine Collection Account or otherwise paid to Lender on such date.

• Without limiting the foregoing, such Borrower has sufficient control over the relevant First Mezzanine Borrower and, in turn, the relevant Mortgage Borrower to cause such Mortgage Borrower to (i) take any action on Mortgage Borrower’s part required by the Mortgage Loan Documents and (ii) refrain from taking any action prohibited by the Mortgage Loan Documents.

• Such Borrower possesses all material rights, licenses, permits and authorizations, governmental or otherwise, necessary to entitle it to own its properties and to transact the businesses in which it is now engaged, and the sole business of such Borrower is the ownership and management of the relevant First Mezzanine Borrower.

• Borrower shall do or cause Mortgage Borrower to cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, rights, licenses, permits and franchises and comply or cause compliance with all Legal Requirements applicable to Borrower, Mortgage Borrower, the First Mezzanine Borrower, the Property, the Collateral and the First Mezzanine Collateral in all material respects, including, without limitation, the Prescribed Laws.

• Mezzanine Lender shall have received an original of the Acknowledgment in the form of Exhibit D executed by each of First Mezzanine Borrower and Mezzanine Borrower and dated as of the Closing Date, and Mezzanine Lender shall have received satisfactory evidence thereof.

More Definitions of First Mezzanine Borrower

First Mezzanine Borrower and “First Mezzanine Borrowers” shall mean, individually or collectively, as applicable, HRHH Gaming Senior Mezz, LLC, a Delaware limited liability company, and HRHH JV Senior Mezz, LLC, a Delaware limited liability company, each in its capacity as a borrower under the First Mezzanine Loan, together with its or their successors or permitted assigns.

First Mezzanine Borrower means FCP MezzCo Borrower I, LLC, a Delaware limited liability company.

First Mezzanine Borrower means, collectively, the entities set forth on Schedule XIII hereto, each a Delaware limited liability company, together with their respective successors and permitted assigns. As used herein, the term “First Mezzanine Borrower” shall mean one of the First Mezzanine Borrowers individually, or the First Mezzanine Borrowers collectively, as the context shall require.

First Mezzanine Borrower means MPO Intermediate, LLC, a Delaware limited liability company.

First Mezzanine Borrower means Giraffe Intermediate, LLC, a Delaware limited liability company.

First Mezzanine Borrower means CNL Resort Senior Mezz, LP, a Delaware limited partnership, together with its respective successors and assigns as permitted under the First Mezzanine Loan Agreement.

First Mezzanine Borrower has the meaning ascribed to such term in the Recitals hereof.