Mezzanine Collateral definition

Mezzanine Collateral means, collectively, the “Collateral” as defined in each of the Mezzanine Loan Agreements.

Mezzanine Collateral means, collectively, the Collateral and the “Collateral” as defined in each of the other Mezzanine Loan Agreements.

Mezzanine Collateral means the collateral pledged in respect of a Mezzanine Loan.

Examples of Mezzanine Collateral in a sentence

• Borrower shall, and shall cause Mortgage Borrower, Senior Mezzanine Borrower and Operating Company to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect their existence, rights, licenses, permits and franchises and comply with all Legal Requirements applicable to Borrower, Senior Mezzanine Borrower, Mortgage Borrower, the Collateral, the Senior Mezzanine Collateral, Operating Company and the Properties, including, without limitation, Prescribed Laws.

• Borrower shall reimburse Lender on demand for any and all costs incurred by Lender in connection with curing any such Mortgage Loan Default, Senior Mezzanine Loan Default, Mortgage Loan Event of Default or Senior Mezzanine Loan Event of Default or satisfying any Liens, claims or judgments against any of the Properties or the Senior Mezzanine Collateral.

• Borrower shall not allow Senior Mezzanine Borrower to enter into any line of business other than the direct or indirect ownership of the applicable Senior Mezzanine Collateral or make any material change in the scope or nature of its business objectives, purposes or operations, or undertake or participate in activities other than the continuance of its present business.

• To assist the Lender in its Syndication efforts, Borrower agrees promptly to prepare and provide to the Lender all information with respect to Borrower, Senior Mezzanine Borrower, Mortgage Borrower, Holdings, the Operating Company, Guarantor, the Collateral, the Senior Mezzanine Collateral and the Properties contemplated hereby, including all financial information and projections (the “Projections”), as the Lender may reasonably request in connection with the Syndication of the Loan.

• There shall have been no material adverse change in the financial condition or business condition of Borrower, any Loan Party, the Collateral, the Senior Mezzanine Collateral or the Properties since the date of the most recent financial statements delivered to Lender.

More Definitions of Mezzanine Collateral

Mezzanine Collateral means each of (a) the Senior Mezzanine Collateral, and (b) the Junior Mezzanine Collateral.

Mezzanine Collateral. Defined in Schedule 1, Part II.

Mezzanine Collateral means all of Mezzanine Borrower’s ownership interests in Mortgage Borrower.]

Mezzanine Collateral shall have the meaning specified in Exhibit VI.

Mezzanine Collateral. As defined in the Mortgage Loan Agreement. Mezzanine Conditional Guaranty. The Mezzanine Conditional Guaranty of Payment made by Wellsford Commercial, WHWEL, Wellsford Real Properties, Whitehall Street Real Estate Limited Partnership V, Whitehall Street Real Estate Limited Partnership VI, Whitehall Street Real Estate Limited Partnership VII and Whitehall Street Real Estate Limited Partnership VIII, in favor of the Agent and the Banks, as the same may be modified or amended.

Mezzanine Collateral means the Collateral and/or the First Mezzanine Collateral, or all such collateral collectively, as the context may require.

Mezzanine Collateral shall have the meaning set forth in Section 2.5(a).