Mezzanine Debt definition

Mezzanine Debt means the “Debt” as defined in the Mezzanine Loan Agreement.

Mezzanine Debt means $400,000,000 in aggregate principal amount of 13 1/2% senior notes due 2016 issued by the Borrower on or prior to the Closing Date, as amended by the Mezzanine Debt Amendment.

Mezzanine Debt means, in relation to a borrower, the debt of that borrower which is subordinated to the senior debt of that borrower, but which is not subordinated to the junior debt of that borrower, and which accordingly ranks higher than such junior debt, but lower than such senior debt, in priority of payment;

Examples of Mezzanine Debt in a sentence

• For any Mortgage Loan that is not a Mortgage Loan With Existing Mezzanine Debt, the applicable Mortgage Loan Seller(s), on behalf of the Depositor, instructed us to use “NAP” for each of the characteristics listed in i.

• The proceeds of the Original Term Loans received on the Closing Date, together with the Equity Contribution and the proceeds of the Mezzanine Debt, shall be used solely to pay the cash consideration for the Acquisition (and related transactions) and to pay Transaction Expenses and for other purposes contemplated by, or otherwise fund, the Transactions.

• Notwithstanding the foregoing, the proceeds of the PropCo Preferred Equity Put Rights and the PropCo Preferred Equity Call Rights (other than on account of the PropCo Preferred Equity Upsize Amount), after reducing the principal amount of the CPLV Mezzanine Debt (if any) to be issued to the Holders of Secured First Lien Notes Claims, shall be used to reduce the principal amount of the PropCo Second Lien Notes to be issued to the Holders of Secured First Lien Notes Claims.

• The amount of the PropCo First Lien Term Loan, the PropCo First Lien Notes, and the PropCo Second Lien Notes shall be reduced (along with the CPLV Mezzanine Debt, if any) based on the PropCo Equity Elections.

• In the event that a permitted Mezzanine Financing under Section 2.15 has occurred, at or before 12:00 noon, New York City time, on each Payment Date during the term of the Loan, Lender shall transfer to Mezzanine Lender’s account from the Mezzanine Debt Service Payment Sub-Account an amount equal to the Mezzanine Debt Service for the applicable payment date.

More Definitions of Mezzanine Debt

Mezzanine Debt means the Indebtedness of the Borrower in favor of the Mezzanine Lender evidenced by the Mezzanine Debt Documents, which Indebtedness is subject to the Mezzanine Subordination Agreement.

Mezzanine Debt has the meaning set forth in Section 9.1(b)(v)(C).

Mezzanine Debt means any indebtedness which is secured by the grant of a security interest in, or the collateral assignment or other encumbrance of, any direct or indirect ownership interest in Owner.

Mezzanine Debt means the Subordinated Secured Promissory Note issued by iPayment, iPayment Technologies, Inc. and First Acquisition Company to Harbinger Mezzanine Partners, L.P. on April 12, 2001.

Mezzanine Debt means subordinated debt that may include embedded equity instruments.

Mezzanine Debt means $400,000,000 in aggregate principal amount of 13 1 ⁄ 2 % senior notes due 2016 issued by the Borrower on or prior to the Closing Date, as amended by the Mezzanine Debt Amendment and the Mezzanine Debt Amendment No. 2.

Mezzanine Debt means all Financial Indebtedness outstanding under this Agreement or the Investor Loan Agreement from time to time and any Financial Indebtedness replacing and/or refinancing the same or any other Financial Indebtedness ranking junior to the Senior Debt in terms of priority of repayment pursuant to an intercreditor agreement or otherwise;