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 will not cause Mortgage Borrower or First Mezzanine Borrower to enter without the prior consent of Lender, which consent shall not be unreasonably withheld, conditioned or delayed, into any management agreement or any other contract or agreement providing management and other services with respect to the Property, Mortgage Borrower, the Collateral, the First Mezzanine Collateral, First Mezzanine Borrower or Borrower.

• Borrower shall not cause or permit First Mezzanine Borrower to purchase or own any assets other than the First Mezzanine Collateral.

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 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 means MPO Intermediate, LLC, a Delaware limited liability company.

First Mezzanine Borrower has the meaning set forth on Schedule 1 attached hereto.