Mezzanine Borrowers definition

Mezzanine Borrowers means the First Mezzanine Borrower, Second Mezzanine Borrower, Third Mezzanine Borrower, and/or Fourth Mezzanine Borrower, or all such borrowers collectively, as the context may require.

Mezzanine Borrowers means, individually or collectively, as the context may require, First Mezzanine Borrowers and Second Mezzanine Borrowers.

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

Examples of Mezzanine Borrowers in a sentence

• Notwithstanding any provision herein to the contrary, if an Event of Default has occurred and is continuing, all funds on deposit in the Cash Trap Reserve and any subsequent Excess Cash Flow, while such Event of Default is continuing, may be applied by Lender to payment of the Loan (including payment of any Prepayment Consideration) or other Obligations (or to the obligations of the Mezzanine Borrowers to Mezzanine Lender) as Lender may elect.

• After giving effect to the Loan, the fair saleable value of Mezzanine Borrower's assets exceeds and will, immediately following the making of the Loan, exceed Mezzanine Borrower's total liabilities, including, without limitation, subordinated, unliquidated, disputed and contingent liabilities.

• The obligations of Mezzanine Borrower under this Agreement, and the rights of Mezzanine Lender against Mezzanine Borrower's constituents and other Persons, shall be limited by the provisions of Section 8.15 of the Mezzanine Loan Agreement, the provisions of which are incorporated herein by reference as if fully set forth herein.

• The direct equity holder(s) of Mezzanine Borrower(s) (such holder(s) the “Second Level SPE”) shall be a special purpose, bankruptcy remote entity pursuant to applicable Rating Agency criteria and shall own directly or indirectly one hundred percent (100%) of Mezzanine Borrower.

• Mezzanine Borrower has not, and to the Best of Mezzanine Borrower's Knowledge no Person has, done by act or omission anything which would impair the coverage of any such policy.

More Definitions of Mezzanine Borrowers

Mezzanine Borrowers means, collectively, Borrower, Second Mezzanine Borrower and (if a New Mezzanine Loan is created) New Mezzanine Loan Borrower, and “Mezzanine Borrower” shall mean any of the foregoing.

Mezzanine Borrowers means, collectively, the Junior Mezzanine Borrower and the Senior Mezzanine Borrower.

Mezzanine Borrowers means Tower Mezzanine Borrower and Garage Mezzanine Borrower, collectively, each of such Mezzanine Borrowers being referred to herein individually as a “Mezzanine Borrower”.

Mezzanine Borrowers means Mezzanine A Borrower and Mezzanine B Borrower.

Mezzanine Borrowers means, collectively, First Mezzanine Borrower, Second Mezzanine Borrower, Third Mezzanine Borrower, Fourth Mezzanine Borrower, Fifth Mezzanine Borrower, Sixth Mezzanine Borrower, Seventh Mezzanine Borrower, Eighth Mezzanine Borrower, Ninth Mezzanine Borrower and any New Mezzanine Borrower.

Mezzanine Borrowers. As defined in the Loan Agreement.

Mezzanine Borrowers means the borrowers of the Mezzanine Facility under the Mezzanine Facility Agreement;