Examples of Mezz Loan in a sentence
At the option of Senior Lender and/or Mezz Lender, in each case in their sole discretion, after the end of each calendar month, Senior Lender and/or Mezz Lender may render to Borrower a written statement of the Revolving Senior Loan account and Revolving Mezz Loan account, as the case may be, showing all applicable credits and debits.
The Revolving Mezz Loan shall be evidenced by the Revolving Mezz Note.
Except as permitted pursuant to Section 6.2, no Indebtedness other than the Revolving Senior Loan and the Revolving Mezz Loan or any other obligations to any Lender making such Loans may be secured (subordinate or pari passu) by the Collateral or any portion thereof.
With respect to each Mezz Loan, if the Servicer does not receive from the related Senior Interest Servicer the Monthly Payment due thereunder on the date when such remittance is scheduled to be made, the Servicer shall promptly notify the Seller and the Buyer.
First Union Hartford L&A Capital Trust Inc GACC WH Hartford Life Capmark Bank ING Clarion Debt Fund Hartford Life Ann Ins Co Carbon Capital II CDO 05-1 LEHMAN WH DH John Hancock Carbon Capital II-B LLC LEHMAN WH SOV BK PPM America Centennial Bank Merrill Lynch RGA LDM Central Pacific Bank Merrill Lynch ML RGA RE CFG Mezz Loan Acq Co ORIX WH RGA Security Life of Denve Chase Manhattan Bank ORIX WH CHICAGO RGA Timberlake CIBC Inc.
The Mezz Loan is guaranteed by the owners of an indirect interest in the Mezz Borrower.
On March 19, 2013, the Mezz Loan agreement was amended and the Current Interest Rate on Note A-1 was changed to LIBOR plus 11.75%.
Original Mezz Loan Term (Including Extensions)of the Mortgage Loan and Mezzanine Loan, as applicable.
Subject to the rights of the Senior Lender and the holder of the Senior Mezz Loan, Lender may deduct from such insurance proceeds any reasonable expenses incurred by Lender in the collection and settlement thereof, including attorneys’ and adjustors’ fees and charges.
In connection with the Mezz Loan, no later than five business days after LIBOR is greater than 1.0% for five consecutive business days, the Mezz Loan Borrower shall enter into an Interest Rate Cap Agreement which has a strike rate of no greater than 2.0% with a notional amount equal to the Mezz Loan not terminating prior to Initial Maturity Date.