Mezzanine B Loan Default definition
Examples of Mezzanine B Loan Default in a sentence
Upon the occurrence of a Cash Trap Event Cure and provided that no Event of Default, Mortgage Loan Default or Mezzanine B Loan Default shall have occurred and be continuing all funds on deposit in the Excess Cash Flow Reserve Account shall be deposited into the Cash Management Account and applied in accordance with Section 2.6 hereof.
Borrower shall reimburse Administrative Agent on demand for any and all costs incurred by Administrative Agent in connection with curing any such Mezzanine B Loan Default or satisfying any Liens, claims or judgments against the Mezzanine B Collateral.
To the best of Borrower’s knowledge, and ▇▇▇▇▇▇▇▇.▇.▇▇▇▇▇▇▇▇ belief, after due inquiry, no Mortgage Loan Default, Mezzanine A Loan Default or Mezzanine B Loan Default exists as of the date hereof.
To the best of Borrower’s knowledge, information and belief, after due inquiry, no Mortgage Loan Default, Mezzanine B Loan Default, Mezzanine C Loan Default or Mezzanine A Loan Default exists as of the date hereof.
All such costs and expenses incurred by Administrative Agent, Collateral Agent or any Lender in remedying such Mortgage Loan Default, Mezzanine A Loan Default, Mezzanine B Loan Default or such failed payment or act shall bear interest at the Default Rate, for the period commencing five (5) Business Days after written demand of Borrower to pay such cost or expense until the date of payment to Administrative Agent.