Mezzanine 1 Loan definition

Mezzanine 1 Loan has the meaning set forth in the Recitals.
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Mezzanine 1 Loan means that certain mezzanine loan made on the Closing Date by Mezzanine 1 Lender to Mezzanine 1 Borrower in the principal amount of $103,000,000.00 pursuant to the Mezzanine 1 Loan Agreement.
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Mezzanine 1 Loan means that certain loan made as of the Original Closing Date by Mezzanine 1 Lender to Mezzanine 1 Borrower in the original principal amount of $146,454,204.00, as such amount may have been or may be increased or decreased from time to time. As of the Closing Date, the outstanding principal balance of the Mezzanine 1 Loan is $144,745,920.40.
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Examples of Mezzanine 1 Loan in a sentence

  • Borrower shall not permit the Sale or Pledge of all or a portion of the Mezzanine 1 Collateral and the related assumption of the applicable Mezzanine 1 Loan by any Person without the prior written consent of Lender, which consent may be given or withheld in Lender’s sole and absolute discretion.

  • As of the date hereof, the outstanding principal balance of the Mezzanine 1 Loan is $144,745,920.40 (the Original Mezzanine 1 Loan, as the amount thereof may be increased or decreased from time to time after the date hereof, the “Mezzanine 1 Loan”).

  • Pursuant to that certain Amended and Restated Mezzanine 1 Loan Agreement, dated as of March 10, 2011 (the “Closing Date”), by and between (i) Borrower and (ii) BRE/HH Acquisitions L.L.C. (“Prior Blackstone Lender”) and Barclays Capital Real Estate Finance Inc.

  • The Mezzanine 1 Loan and each of the related Mezzanine 1 Loan Documents are in full force and effect and there exists no Mezzanine 1 Loan Default thereunder by the applicable Mezzanine 1 Borrower or, to Borrower’s knowledge, any other party thereto and no event shall have occurred that, with the passage of time and/or the giving of notice, would constitute a Mezzanine 1 Loan Default thereunder.

  • The provisions of this Section 2.4(f)(iii) shall not be construed to contravene in any manner the restrictions and other provisions regarding refinancing of the Mortgage Loan, Mezzanine 1 Loan or the Sale or Pledge of any Individual Property or the Property as a whole, or of the Mezzanine 1 Collateral or the Collateral set forth in this Agreement and the other Loan Documents.

  • Notwithstanding the foregoing, so long as any Management Agreement (with a non-Affiliated Manager) then permitted hereunder shall be in effect, Lender shall only have approval rights, and Borrower shall only have obligations related to delivering drafts, with respect to any Annual Budget if and to the extent the applicable Borrower(s), Mezzanine 1 Loan Borrower(s), Mortgage Loan Borrower(s) or Maryland Owner have such approval rights and rights to receive drafts under the applicable Management Agreement.

  • As of the date hereof, the outstanding principal balance of the Original Mezzanine 1 Loan is $144,745,920.40 (the Original Mezzanine 1 Loan, as the amount thereof may be increased or decreased from time to time after the date hereof, the “Loan”).

  • Borrower shall have delivered or caused to be delivered to the Lender a bring-down of the final report of the Insurance Consultant that was delivered pursuant to the Mezzanine 1 Loan Agreement, which shall be dated reasonably near the Closing Date, with respect to the Borrower, all Project Companies and Projects, along with a reliance letter in favor of the Lender, which shall be dated reasonably near the Closing Date, in each case, in form and substance satisfactory to the Lender.

  • To Mezzanine 1 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 Mezzanine 1 Loan Documents, including, without limitation, any breach of any of the representations and warranties made by any Borrower Party in the Mezzanine 1 Loan Documents.

  • All of the representations and warranties by each borrower, guarantor or indemnitor contained in the Mezzanine 1 Loan Documents with respect to each Mezzanine 1 Loan are true and correct in all material respects as of the date made thereunder.

Related to Mezzanine 1 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”.

  • Term A-1 Loan means an advance made by any Term A-1 Lender under the Term A-1 Facility.

  • Sub-loan means a loan made or proposed to be made by the Borrower out of the proceeds of the Loan to a Private Enterprise for an Investment Project;

  • 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 means a mezzanine as defined in the Building Code Act;

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

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

  • Term B-1 Loan means a Loan made pursuant to Section 2.01(a).

  • Term A-2 Loan means an advance made by any Term A-2 Lender under the Term A-2 Facility.

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Incremental Loan has the meaning set forth in Section 2.14(b).

  • Mezzanine Note means the original executed promissory note or other tangible evidence of the Mezzanine Loan indebtedness.

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

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

  • 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”.

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

  • Existing Loan means the loan identified on Exhibit H.

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

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

  • 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.

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

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

  • Term B-2 Loan means the Loan in the amount set forth in Section 2.01(a)(i).

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

  • 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.