Examples of Mezzanine Administrative Agent in a sentence
Any Excess Cash Flow remaining on deposit in the Excess Cash Flow Reserve Account upon the satisfaction in full of the Debt (exclusive of any indemnification or other obligations which are expressly stated in any of the Loan Documents to survive the satisfaction of the Note(s) in full, shall be disbursed to Mezzanine Administrative Agent for application in accordance with the Mezzanine Loan Documents, or if the Mezzanine Loan shall no longer be outstanding, to Borrower.
LENDERS: DEUTSCHE BANK TRUST COMPANY AMERICAS as Senior Mezzanine Administrative Agent By: /s/ Dxxxx Xxxxxxx Name: Dxxxx Xxxxxxx Title: Vice President DEUTSCHE BANK SECURITIES INC.
The parties hereto acknowledge and agree that each Borrower’s Requisition (to Administrative Agent and Mezzanine Administrative Agent) shall be in the aggregate amount of the costs of Capital Expenditures Work and TI/LC Costs (collectively the “Approved Costs”) being paid by Borrower.
Any amount remaining in the FF&E Reserve Account after the Debt has been paid in full shall be returned to Borrower (provided, however, if at such time Administrative Agent has received written notice that a Mezzanine Loan Event of Default then exists, such funds shall instead be deemed distributed to Borrower and shall be paid to Mezzanine Administrative Agent).
If any action, proposed action or other decision is consented to or approved by Mezzanine Administrative Agent, such consent or approval shall not be binding or controlling on Administrative Agent.
TIC will not accept fees greater than $1500 before training is commenced and no more than $1000 is held in advance at any time during training as outlined in 1.1 Payment of fees.
Subject to the Condominium Documents and provided that no Event of Default has occurred and is continuing, Lender shall attempt in good faith to notify Mezzanine Administrative Agent of a proposed settlement of Proceeds over which Lender has either a consent or approval right in this Agreement (without granting or agreeing to any Mezzanine Administrative Agent consent or approval right).
Subject to the Condominium Documents and provided that no Event of Default has occurred and is continuing, Lender shall attempt in good faith to notify Xxxxxxxxx Administrative Agent of a proposed settlement of Proceeds over which Xxxxxx has either a consent or approval right in this Agreement (without granting or agreeing to any Mezzanine Administrative Agent consent or approval right).
Administrative Agent, Lender, Mezzanine Administrative Agent and Mezzanine Lender are parties to a certain intercreditor agreement dated as of the date hereof (as the same may be amended or modified from time to time, the “Intercreditor Agreement”) memorializing their relative rights and obligations with respect to the Loan, the Building Loan and the Mezzanine Loan, Borrower and Mezzanine Borrower, and the Property.
Borrower hereby acknowledges and agrees that any intercreditor agreement entered into between Administrative Agent and Mortgage Administrative Agent will be solely for the benefit of Administrative Agent and Mezzanine Administrative Agent, and that neither Borrower, Hotel Lessee nor Mortgage Borrower shall be third-party beneficiaries (intended or otherwise) of any of the provisions therein, have any rights thereunder, or be entitled to rely on any of the provisions contained therein.