Fourth Mezzanine Loan definition

Fourth Mezzanine Loan means that certain loan in the original principal amount of Two Hundred Seventy Five Million and No/100 Dollars ($275,000,000) of even date herewith made by Fourth Mezzanine Lender to Fourth Mezzanine Borrower.
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Fourth Mezzanine Loan means that certain $8,000,000 mezzanine loan, made as of the date hereof, from Fourth Mezzanine Lender to the Fourth Mezzanine Borrower.
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Fourth Mezzanine Loan means that certain loan made by the Fourth Mezzanine Lenders to Fourth Mezzanine Borrower as of the Original Closing Date. When made, the Fourth Mezzanine Loan was in the original principal amount of Two Hundred Seventy Five Million and no/100 Dollars ($275,000,000.00). As of the date hereof, the Fourth Mezzanine Loan is in the outstanding principal amount of Two Hundred Sixty Five Million Eight Hundred Forty Two Thousand Five Hundred and no/100 Dollars ($265,842,500). The Fourth Mezzanine Loan is evidenced and/or secured by the Fourth Mezzanine Loan Agreement and the Fourth Mezzanine Loan Documents.
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Examples of Fourth Mezzanine Loan in a sentence

  • 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.

  • So long as no Event of Default shall have occurred and be continuing under the Fourth Mezzanine Loan Documents, subject to the cure rights of the Junior Lenders hereunder, all funds held and applied pursuant to the Fourth Mezzanine Cash Management Agreement and Fourth Mezzanine Loan Agreement, shall continue to be applied in the manner required thereunder prior to the occurrence of an Event of Default under the Fourth Mezzanine Loan Documents.

  • To Fourth 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 Fourth Mezzanine Loan Documents.

  • The Collateral includes, without limitation, 100% of Borrower's outstanding participation interests in Lender's rights and interest in and to the Fourth Mezzanine Loan pursuant to the Participation Agreement.

  • Funds representing any balance in the Mezzanine Account after the foregoing transfers have been completed shall be transferred by Mezzanine Lender from the Mezzanine Account to the “Mezzanine Account” under the Fourth Mezzanine Loan Agreement within one (1) Business Day after the foregoing transfers have been completed.

  • The failure of the Fourth Mezzanine Borrower to make any payment as and when due under the Fourth Mezzanine Loan Agreement, which failure is not cured or curable by Borrower in accordance with the terms of the Participation Agreement (it being understood that if Borrower no longer has the right to cure Fourth Mezzanine Borrower's failure to make any payment pursuant to the terms of the Participation Agreement, then an Event of Default shall occur under this Agreement).

  • The Fourth Mezzanine Loan does not constitute or impose, and shall not be deemed or construed as constituting or imposing now or hereafter, a lien or encumbrance upon, or security interest in, any portion of the Separate Collateral securing any Junior Loan other than the Fourth Mezzanine Loan.

  • Except as set forth in the documents relating to the Fourth Mezzanine Loan and the Participation Agreement, to Borrower's knowledge, none of the Collateral is subject to any agreement that (a) provides for the sale, assignment, transfer or other disposition of such Collateral, or (b) limits or restricts the granting of a security interest in, or the sale of, such Collateral.

  • The proceeds of the Loan will be used by Borrower to purchase a ninety nine percent (99.0%) participation interest in Lender's rights and interest in and to the Fourth Mezzanine Loan ("Participation Interest") pursuant to the Participation Agreement, which mezzanine loan is secured by a pledge of certain membership interest by Fourth Mezzanine Borrower.

  • Pursuant to that certain Fourth Mezzanine Loan Agreement dated as of July 28, 2005 (as amended, modified or supplemented, the "Loan Agreement"), Column Financial, Inc.


More Definitions of Fourth Mezzanine Loan

Fourth Mezzanine Loan has the meaning set forth in the Recitals hereto.
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Fourth Mezzanine Loan means that certain loan in the original principal amount of Two Hundred Seventy Five Million and No/100 Dollars ($275,000,000) made by Fourth Mezzanine Lender to Fourth Mezzanine Borrower as of the Original Closing Date.
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Fourth Mezzanine Loan means the assumption by Fourth Mezzanine Borrower pursuant to the Fourth Mezzanine Loan Documents of $150,000,000 in principal amount initially borrowed by Mortgage Borrower.
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Fourth Mezzanine Loan. DOCUMENTS shall mean the "Loan Documents (Fourth Mezzanine)" as defined in the Fourth Mezzanine Loan Agreement.
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Fourth Mezzanine Loan. DEFAULT NOTICE shall have the meaning ascribed to "Mezzanine Loan Default Notice" in the Fourth Mezzanine Loan Agreement.
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Related to Fourth Mezzanine Loan

  • Mezzanine Loan means a mezzanine loan secured by equity interests in the Mortgage Loan Borrower.

  • Mezzanine Loans means, individually or collectively, as the context may require, the First Mezzanine Loan and the Second Mezzanine Loan, and each of the First Mezzanine Loan and/or the Second Mezzanine Loan, individually, a “Mezzanine Loan”.

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Mezzanine Loan Documents means, as to each Mezzanine Loan, all documents evidencing, securing, guaranteeing and/or perfecting such Mezzanine Loan and all documents executed and/or delivered in connection therewith.

  • Accelerated Mezzanine Loan means any mezzanine loan (secured by a pledge of the direct (or indirect) equity interests in the Mortgagor) related to the Mortgage Loan if such mezzanine loan either (i) has been accelerated, or (ii) is the subject of foreclosure proceedings against the related collateral for such mezzanine loan.

  • Mezzanine Lender shall have the meaning set forth in the first paragraph of this Agreement.

  • Accelerated Mezzanine Loan Lender shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

  • Existing Loan means the loan identified on Exhibit H.

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Refinancing Loan has the meaning specified in Section 2.15(b).

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Junior Loan has the meaning provided in the Recitals hereto.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Acquisition Loan means a loan or other extension of credit, including an installment obligation to a “party in interest” (as defined in Section 3(14) of ERISA) incurred by the Trustee in connection with the purchase of Company Stock.

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Mezzanine Floor means an intermediate floor between two floors, above ground level, accessible only from the lower floor;

  • Loan Date means the date of the Loan Agreement as set forth in Exhibit A.

  • PPP Loan means the loan in principal amount of $673,184 issued to the Company by the PPP Lender pursuant to the promissory note dated April 20, 2020.

  • Funding Loan Agreement means this Funding Loan Agreement, of even date herewith, by and among the Funding Lender, the Governmental Lender and the Fiscal Agent, as it may from time to time be supplemented, modified or amended by one or more funding loan agreements, indentures or other instruments supplemental hereto entered into pursuant to the applicable provisions hereof.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.