Examples of First Mezzanine Borrowers in a sentence
Borrowers shall cause First Mezzanine Borrowers to obtain the prior written consent of Lender to enter into any other refinancing of the First Mezzanine Loan which consent shall not be unreasonably withheld, conditioned or delayed.
Borrowers acknowledge that the obligation to comply with this covenant is separate from, and may be enforced independently from, the obligations of First Mezzanine Borrowers under the First Mezzanine Loan Documents.
Borrowers shall cause First Mezzanine Borrowers to provide Lender with a copy of any amendment, waiver, supplement, termination or other modification to the First Mezzanine Loan Documents within five (5) days after the execution thereof.
The words “Borrowers shall cause First Mezzanine Borrowers to” or “Borrowers shall cause First Mezzanine Borrowers not to” (or words of similar meaning) shall mean Borrowers, as the sole members of Second Mezzanine Borrowers, shall cause Second Mezzanine Borrowers, as the sole members of First Mezzanine Borrowers, to cause First Mezzanine Borrowers to so act or not to so act, as applicable.
Borrowers have the power and authority and the requisite ownership interests to Control the actions of First Mezzanine Borrowers and, in turn, Mortgage Borrowers.
The words “Borrowers shall cause Mortgage Borrowers to” or “Borrowers shall cause Mortgage Borrowers not to” (or words of similar meaning) shall mean Borrowers, as the sole members of Second Mezzanine Borrowers, shall cause Second Mezzanine Borrowers, as the sole members of First Mezzanine Borrowers, to cause First Mezzanine Borrowers, as the direct or indirect sole members of Mortgage Borrowers, to cause Mortgage Borrowers to so act or not to so act, as applicable.
The words “Borrowers shall cause Mortgage Borrowers to” or “Borrowers shall cause Mortgage Borrowers not to” (or words of similar meaning) shall mean Borrowers, as the sole members of First Mezzanine Borrowers, shall cause First Mezzanine Borrowers, as the direct or indirect sole members of Mortgage Borrowers, to cause Mortgage Borrowers to so act or not to so act, as applicable.
Borrowers have the power and authority and the requisite ownership interests to Control the actions of Second Mezzanine Borrowers and, in turn, First Mezzanine Borrowers and, in turn, Mortgage Borrowers.
All transfer taxes, deed stamps, intangible taxes or other amounts in the nature of transfer taxes required to be paid by any Person under applicable Legal Requirements currently in effect in connection with the transfer of the Properties and/or the IP to Mortgage Borrowers and/or the transfer of the First Mezzanine Collateral to First Mezzanine Borrowers and/or the transfer of the Collateral to Borrowers have been paid as of the Closing Date.
Borrowers will not permit First Mezzanine Borrowers to permit the Property Owners and Operating Lessee to amend, modify, supplement or alter any Operating Lease without the prior written consent of Lender.