Examples of First Mezzanine Lender in a sentence
The servicing and collection practices used by the First Mezzanine Lender have been in all material respects legal, proper and prudent and have met customary industry standards for servicing of commercial mortgage loans for conduit programs.
After reviewing the Preliminary Project Report, Mortgage Lender, First Mezzanine Lender, and Lender shall prepare a detailed budget for the Mortgage Loan and the Mezzanine Loan (the “Loan Budget”).
Lender shall have received confirmation that First Mezzanine Lender is prepared to fund its pro rata percentage of the applicable related Advance in accordance with the conditions contained in Section 2.8.1 of the First Mezzanine Loan Agreement.
Lender shall have received confirmation that First Mezzanine Lender is prepared to fund its pro rata percentage of the applicable related Advance in accordance with the conditions contained in Section 2.8.3 of the First Mezzanine Loan Agreement.
To Seller’s actual knowledge, none of the following parties is a debtor in any state or federal bankruptcy or insolvency proceeding: Seller; underlying real property owner; underlying real property mortgagee; the borrower under the First Mezzanine Loan or the First Mezzanine Lender.