Examples of First Mezzanine Loan Documents in a sentence
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.
Senior Lender and Junior Lenders desire to enter into this Agreement to provide for the relative priority of, and to evidence certain agreements with respect to, the Senior Loan Documents, the First Mezzanine Loan Documents, the Second Mezzanine Loan Documents, the Third Mezzanine Loan Documents, the Fourth Mezzanine Loan Documents, the Fifth Mezzanine Loan Documents, the Sixth Mezzanine Loan Documents and the Seventh Mezzanine Loan Documents on the terms and conditions hereinbelow set forth.
The provisions of this Section 2.5.2 shall not be construed to contravene in any manner the restrictions and other provisions regarding refinancing of the Mortgage Loan, the First Mezzanine Loan or Transfer of the Property set forth in this Agreement, the other Loan Documents, the First Mezzanine Loan Documents and the Mortgage Loan Documents.
Borrower shall furnish or cause to be furnished to Lender receipts for the payment of the Taxes and the Other Charges prior to the date the same shall become delinquent; provided, however, that Borrower is not required to furnish or cause to be furnished such receipts for payment of Taxes in the event that such Taxes have been paid by Mortgage Lender pursuant to the Mortgage Loan Documents (or by First Mezzanine Lender pursuant to the First Mezzanine Loan Documents).
The rights of Lender pursuant to this Article VII shall be subject to the rights of the Mortgage Lender under the Mortgage Loan Documents and subject to the rights of First Mezzanine Lender under the First Mezzanine Loan Documents.
So long as no Event of Default shall have occurred and be continuing under the First Mezzanine Loan Documents, subject to the cure rights of the Junior Lenders hereunder, all funds held and applied pursuant to the First Mezzanine Cash Management Agreement and First Mezzanine Loan Agreement, shall continue to be applied pursuant thereto in the manner required thereunder prior to the occurrence of an Event of Default under the First Mezzanine Loan Documents.
If the Property is sold, through foreclosure or otherwise, prior to the receipt by Lender of the Award, Lender shall have the right, whether or not a deficiency judgment on the Note shall have been sought, recovered or denied, to receive the Award, or a portion thereof sufficient to pay the Debt, subject to Mortgage Lender’s and First Mezzanine Lender’s rights with respect thereto under the Mortgage Loan Documents and the First Mezzanine Loan Documents, respectively.
To First Mezzanine Lender’s knowledge, there currently exists no default or event which, with the giving of notice or the lapse of time, or both, would constitute a default under the First Mezzanine Loan Documents.
Borrower shall cause First Mezzanine Borrower to perform all the covenants (and comply in all material respects with all obligations which the First Mezzanine Borrower has covenanted to comply with) under the First Mezzanine Loan Documents, unless otherwise consented to in writing by Lender.