Junior Mezz Loan definition

Junior Mezz Loan means the Loan, as defined in the Junior Mezz Loan Agreement.
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Junior Mezz Loan means that certain mezzanine loan secured by 100% of the direct or indirect equity interests in Intermediate Mezz Lender.
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Junior Mezz Loan means a consolidated mezzanine facility in the original principal amount of $82 million made by the Original Lender to GVS Portfolio I B, LLC, which is now held by the Junior Mezz Lender.
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Examples of Junior Mezz Loan in a sentence

  • Notwithstanding the foregoing, Participant will not initiate direct communications with Project Owner, Junior Mezz Borrower, Senior Mezz Borrower, Guarantor or any principals, partners, shareholders, officers, directors or Affiliates thereof concerning the Junior Mezz Loan; provided, that, upon request of the Participant, Lender will initiate a communication between any of the aforementioned persons and the Participant and Lender shall have the right to participate in any such communication.

  • Every procurement of general goods and services costing more than twenty- five thousand dollars ($25,000.00) shall require the approval of the Board, evidenced by a resolution adopted by the Board.

  • This phenomenon has been reported by both 1997 and 2005 baselines.

  • If Lender hereafter incurs any Costs in accordance herewith that Junior Mezz Borrower is required to reimburse or pay to Lender pursuant to the Junior Mezz Loan Documents, Lender shall promptly demand that Junior Mezz Borrower remit payment thereof to Lender in accordance with the Junior Mezz Loan Documents.

  • Lender agrees to maintain appropriate accounting records reflecting the Lender’s Interest and the Participant’s Participation Interest in the Junior Mezz Loan and shall report to Participant thereon at such reasonable times as may reasonably be requested by Participant.

  • In addition, the terms of this Agreement do not in any way alter, modify, limit or amend any of the terms, conditions and provisions under the Junior Mezz Loan Documents and nothing herein will increase or decrease the rights and obligations of the holder of the Junior Mezz Loan with respect to the Junior Mezz Borrower or otherwise require any party hereto to take any action or perform any obligation hereunder that would violate the terms of the Junior Mezz Loan Documents.

  • Participant shall be permitted at reasonable times and upon reasonable prior written notice to Lender to examine and make copies of or take extracts from Lender’s books and records relating to the Junior Mezz Loan, at Participant’s expense.

  • Any permitted buyer, assignee or transferee shall thereupon become the holder of the sold, transferred and assigned interest in the Junior Mezz Loan, subject to all of the terms and provisions of this Agreement.

  • Subject to Section 9 above, each of Lender and Participant, and any of their respective Affiliates, may engage in any kind of business with Project Owner, Junior Mezz Borrower, Senior Mezz Borrower, Guarantor or any principals, partners, shareholders, officers, directors and Affiliates thereof, notwithstanding the existence of the Junior Mezz Loan or this Agreement.

  • Lender, with respect to the performance of its responsibilities in servicing, administering and enforcing the Junior Mezz Loan, shall have no responsibility to Participant other than to exercise the aforementioned standard of care or as expressly set forth herein.

Related to Junior Mezz Loan

  • Permitted Junior Priority Refinancing Debt means secured Indebtedness incurred by the Borrower in the form of one or more series of second lien (or other junior lien) secured notes or debentures or second lien (or other junior lien) secured loans; provided that (i) such Indebtedness is secured by all or a portion of the Collateral on a second priority (or other junior priority) basis to the Liens securing the Obligations and any other First Lien Obligations and is not secured by any property or assets of Holdings, the Borrower or any Restricted Subsidiary other than the Collateral, (ii) such Indebtedness satisfies the applicable requirements set forth in the provisos in the definition of “Credit Agreement Refinancing Indebtedness” (provided that such Indebtedness may be secured by a Lien on the Collateral that is junior to the Liens securing the Obligations and any other First Lien Obligations, notwithstanding any provision to the contrary contained in the definition of “Credit Agreement Refinancing Indebtedness”), (iii) the holders of such Indebtedness (or their representative) and the Administrative Agent and/or the Collateral Agent shall be party to a Customary Intercreditor Agreement, and (iv) such Indebtedness is not at any time guaranteed by any Subsidiaries of the Borrower other than Subsidiaries that are Guarantors.

  • Bridge Loan Any loan or other obligation that (x) is incurred in connection with a merger, acquisition, consolidation, or sale of all or substantially all of the assets of a Person or similar transaction and (y) by its terms, is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (it being understood that any such loan or debt security that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out or other provision whereby (automatically or at the sole option of the Obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Loan).

  • Sub-loan means a loan made or proposed to be made out of the proceeds of the Loan to a Beneficiary for a Development Project;

  • Junior Subordinated Indebtedness means the principal of (and premium, if any) and unpaid interest on (a) indebtedness of the Company (including indebtedness of others guaranteed by the Company), whether outstanding on the date hereof or thereafter created, incurred, assumed or guaranteed, for money borrowed, which in the instrument creating or evidencing the same or pursuant to which the same is outstanding it is provided that such indebtedness ranks junior in right of payment to the Company’s Senior Indebtedness and Senior Subordinated Indebtedness and equally and pari passu in right of payment to any other Junior Subordinated Indebtedness, (b) Junior Subordinated Securities, and (c) renewals, extensions, modifications and refinancings of any such indebtedness.

  • Subordinated Loan has the meaning set forth in Section 1.2(a) of the Agreement.

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

  • Term SOFR Loan means a Committed Loan that bears interest at a rate based on clause (a) of the definition of Term SOFR.

  • Term Loan has the meaning specified in Section 2.01(b).

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.