Mezzanine 2 Loan definition

Mezzanine 2 Loan means that certain mezzanine loan made on the Closing Date by Mezzanine 2 Lender to Mezzanine 2 Borrower in the principal amount of $63,000,000.00 pursuant to the Mezzanine 2 Loan Agreement.
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Mezzanine 2 Loan has the meaning set forth in the Recitals.
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Mezzanine 2 Loan means that certain loan made as of the Original Closing Date by Mezzanine 2 Lender to Mezzanine 2 Borrower in the original principal amount of $137,794,870.00, as such amount may have been or may be increased or decreased from time to time.
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Examples of Mezzanine 2 Loan in a sentence

  • Pursuant to that certain Amended and Restated Mezzanine 2 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.

  • Borrower shall not permit the Sale or Pledge of all or a portion of the Mezzanine 2 Collateral and the related assumption of the applicable Mezzanine 2 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.

  • This Agreement amends, restates and supersedes the Existing Mezzanine 2 Loan Agreement in its entirety.

  • As of the date hereof, the outstanding principal balance of the Mezzanine 2 Loan is $137,794,870.00 (the Original Mezzanine 2 Loan, as the amount thereof may be increased or decreased from time to time after the date hereof, the “Mezzanine 2 Loan”).

  • As of the date hereof, the outstanding principal balance of the Mezzanine 1 Loan is $137,794,870.00 (the Original Mezzanine 2 Loan, as the amount thereof may be increased or decreased from time to time after the date hereof, the “Mezzanine 2 Loan”).

  • 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.

  • Subject to the provisions of Section 2.4(f)(ii), any Net Liquidation Proceeds After Debt Service in excess of the Debt shall be paid to Mezzanine 2 Lender and applied in accordance with the terms of the Mezzanine 2 Loan Agreement.

  • Effective as of the consummation of the transactions contemplated by this Agreement, one hundred percent (100%) of the membership interests in Borrower are owned by Mezzanine 2 Borrower, free and clear of all Liens (other than the Liens created by the Loan Documents and the Mezzanine 2 Loan Documents).

  • To Mezzanine 2 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 2 Loan Documents, including, without limitation, any breach of any of the representations and warranties made by any Borrower Party in the Mezzanine 2 Loan Documents.

  • For purposes of this Section 17.5, all references to this Agreement, the Pledge Agreement or any of the other Loan Documents shall be deemed to include the Existing Mezzanine 2 Loan Agreement, the Existing Pledge Agreement and each of the other Existing Loan Documents.

Related to Mezzanine 2 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”.

  • 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;

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

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

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

  • 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.

  • 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.

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

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

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

  • 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;

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

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

  • 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”.

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

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

  • 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.

  • Mezzanine Loan Documents means, as to each Mezzanine Loan, all documents evidencing, securing, guaranteeing and/or perfecting such Mezzanine Loan and all documents executed and/or delivered in connection therewith.

  • Project Loan means the loan made by the Governmental Lender to the Borrower pursuant to the Project Loan Agreement in the original principal amount of $[AMOUNT], as evidenced by the Project Note.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.

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

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.