Mezzanine Account definition

Mezzanine Account shall have the meaning set forth in Section 3.1.1.

Mezzanine Account means the First Mezzanine Account, Second Mezzanine Account, Third Mezzanine Account, and/or Fourth Mezzanine Account, or all such accounts collectively, as the context may require.

Mezzanine Account means, as applicable, (a) with respect to the Original Mezzanine Loan, the Original Mezzanine Account and (b) with respect to the Approved Mezzanine Loan, from and after the Approved Mezzanine Closing Date, the Approved Mezzanine Account.

Examples of Mezzanine Account in a sentence

• All Excess Proceeds shall be deposited directly into the Mezzanine Account.

• Any cost and expenses due and payable to Mezzanine Lender may be paid from any amounts in the Mezzanine Account.

• If Mezzanine Lender shall reasonably determine that there will be insufficient amounts in the Mezzanine Account to pay any Protective Advances as and when the same are due and payable, Mezzanine Lender shall provide written notice of same to Mezzanine Borrower setting forth the basis for such determination.

• Without limiting the Mezzanine Borrower’s obligations under the immediately preceding sentence, Mezzanine Borrower shall only establish and maintain the Mezzanine Account with a financial institution that has executed an agreement substantially in the form of the Mezzanine Account Agreement or in such other form acceptable to Mezzanine Lender in its sole discretion.

• Within five (5) Business Days of receipt of said notice, Mezzanine Borrower shall deposit into the Mezzanine Account an amount equal to the shortfall of available funds in the Mezzanine Account.

More Definitions of Mezzanine Account

Mezzanine Account means account number 724043.1 at LaSalle Bank National Association.

Mezzanine Account means a "deposit account" (as such term is defined in Section 9-102(a)(29) of the UCC), if and when established with the Cash Management Bank for the benefit of any Mezzanine Lender for the collection of Excess Cash Flow.

Mezzanine Account shall have the meaning set forth in the Mezzanine Cash Management Agreement.

Mezzanine Account means the “Deposit Account” as defined in the Mezzanine Loan Agreement.

Mezzanine Account. An Eligible Account, established and maintained at Agent, in the name of The First National Bank of Boston, as Agent, as Secured Party, for the benefit of the holders of the Notes. The

Mezzanine Account means an account of Lender designated by Lender into which all payments made to Lender pursuant to Section 3.12 of the Senior Loan Agreement shall be deposited.

Mezzanine Account means such account as Mezzanine Lender may from time to time designate by written notice to Lender.