Examples of Mezzanine 1 Borrower in a sentence
The Company is not party to any contract other than the Mezzanine Loan Documents, the Management Agreement, the limited liability company agreement of the Mezzanine 1 Borrower and the limited liability company agreement of the Mezzanine 2 Borrower.
The term “Mezzanine 1 Borrower” as used herein (including within the definition of “Borrower Party”, as applicable) shall include any new or successor corporation, association, partnership (general or limited), joint venture, trust or other individual or organization formed as a result of any merger, reorganization, sale, transfer, devise, gift or bequest of Mezzanine 1 Borrower.
The Guarantor Claims shall include all rights and claims of Guarantor against any Individual Borrower, any Mezzanine 1 Borrower, any Mortgage Loan Borrower, any Maryland Owner and/or any other Restricted Party (arising as a result of subrogation or otherwise) as a result of Guarantor’s payment of all or a portion of the Guaranteed Obligations.
The Company is not party to any contract other than the Mezzanine Loan Documents, the Management Agreement, thelimited liability company agreement of the Mezzanine 1 Borrower and the limited liability company agreement of the Mezzanine 2 Borrower.
No claims have been made under any of such Policies which would impair the coverage of any of such Policies, and to Borrower’s knowledge, no Person, including Borrower, Mezzanine 1 Borrower, Mortgage Loan Borrower and Maryland Owner, has done, by act or omission, anything which would impair the coverage of any of such Policies.
Borrower is the legal and beneficial owner of all of the limited liability company interests in Original Mezzanine 1 Borrower.
Any transfer of Borrower’s funds from the Cash Management Account or other sources to or for the benefit of a Mezzanine Lender or a Mezzanine Borrower pursuant to this Agreement, the Cash Management Agreement or any of the other Loan Documents is intended by the parties to constitute, and shall constitute, a distribution from Borrower to Mezzanine 1 Borrower and from Mezzanine 1 Borrower to Mezzanine 2 Borrower, as applicable, and shall be recorded as such on the books and records of each party.
Required supporting documentation shall be submitted by attaching it to the online application or in accordance with instructions and by the application deadline provided in the job announcement.
Borrower shall not permit any Mezzanine 1 Borrower to cancel or otherwise forgive or release any claim or debt (other than termination of Leases in accordance herewith) owed to such Mezzanine 1 Borrower by any Person, except for adequate consideration and in the ordinary course of such Mezzanine 1 Borrower’s business.
Borrower does not have and will not have any subsidiaries except Mezzanine 1 Borrower.