Mezzanine 2 Borrower definition
Examples of Mezzanine 2 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.
Borrower does not have and will not have any subsidiaries except Mezzanine 2 Borrower.
To the extent not prohibited by the Mezzanine 3 Loan Documents, Borrower shall or shall cause Mezzanine 2 Borrower to cause Mezzanine 2 Lender to remit to Lender any funds from Mezzanine 2 Loan Reserve Accounts that were outstanding therein at the time of the termination of such reserves to be held for the purpose of funding the equivalent substitute reserves.
The Senior Loan Collateral does not secure any loan from Mezzanine 2 Lender to Mezzanine 2 Borrower or any other Affiliate of Borrower.
Borrower shall not permit Mezzanine 2 Borrower to permit Mezzanine 1 Borrower to enter into any line of business other than the ownership of the Mezzanine 1 Pledged Company Interests and the Mezzanine 1 Collateral, or make any material change in the scope or nature of its business objectives, purposes or operations, or undertake or participate in activities other than the continuance of its present business.
Borrower shall not permit Mezzanine 3 Borrower to permit Mezzanine 2 Borrower to enter into any line of business other than the ownership of the Mezzanine 2 Pledged Company Interests and the Mezzanine 2 Collateral, or make any material change in the scope or nature of its business objectives, purposes or operations, or undertake or participate in activities other than the continuance of its present business.
Borrower has no Subsidiaries other than Mezzanine 2 Borrower, and Borrower does not own any equity interests in any Person other than the equity interests in Mezzanine 2 Borrower which interests have been pledged by Borrower to Lender pursuant to the Pledge Agreement.
The Guarantor Claims shall include all rights and claims of Guarantor against any Individual Borrower, any Mezzanine 1 Borrower, any Mezzanine 2 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.
Borrower is the legal and beneficial owner of all of the limited liability company interests in Original Mezzanine 2 Borrower.
Borrower shall not permit Mezzanine 3 Borrower to permit Mezzanine 2 Borrower to permit Mezzanine 1 Borrower to enter into any line of business other than the ownership of the Mezzanine 1 Pledged Company Interests and the Mezzanine 1 Collateral, or make any material change in the scope or nature of its business objectives, purposes or operations, or undertake or participate in activities other than the continuance of its present business.