Mezzanine Financing definition

Mezzanine Financing means the issuance of the Mezzanine Debt pursuant to the Mezzanine Debt Documentation.

Mezzanine Financing means unsecured Indebtedness of the Borrower pursuant to the Subordinated Note (subordinated on terms and conditions reasonably satisfactory to the Administrative Agent), dated the Initial Closing Date in an aggregate principal amount of up to $5,000,000 with an interest coupon of 9.0% per annum and a five year maturity.

Mezzanine Financing means a financing transaction which is secured by, inter alia, a pledge or collateral assignment of any or all of the limited liability company or limited Partnership interests or the corporate stock of OVG (or any entity holding a direct or indirect interest in OVG), as applicable, either together with or in lieu of a Leasehold Mortgage (provided that if the same lender holds both a Leasehold Mortgage and such a pledge or collateral assignment, such lender shall be a Leasehold Mortgagee, and such financing transaction shall be a Leasehold Mortgage, hereunder).

Examples of Mezzanine Financing in a sentence

• Superceded by Mezzanine Financing Endorsement (ALTA 16) Section 10.53, effective March 8, 2004.

• 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.

• The Primary Servicer shall provide to the Master Servicer and the Special Servicer a copy of its recommendation with respect to such matter and the materials upon which such recommendation is based (which information shall consist of the information to be included in the Additional Lien, Monetary Encumbrance and Mezzanine Financing Submission Package to the Master Servicer, in the form attached hereto as Exhibit M).

• 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.

• Based on an analysis of upcoming opportunities generated through this deal pipeline, the Manager estimates that approximately seventy-five (75%) percent of such projects will be related to Land Lot Financing and twenty-five (25%) percent of such projects will be related to Mezzanine Financing.

More Definitions of Mezzanine Financing

Mezzanine Financing or "Mezzanine Loan" shall mean the Mezzanine Financing or Mezzanine Loan described in the Recitals of this Agreement.

Mezzanine Financing means shall mean the sale of at least $2,000,000 (before deducting commissions and expenses) in Mezzanine Securities, subsequent to the closing of the Offering, through an offering exempt from registration under Section 4(2) and/or Regulation D promulgated under the Securities Act.

Mezzanine Financing means a loan or equity investment made by a Mezzanine Financing Source to provide financing or capital for the Project or any portion thereof, which shall be subordinate to the first Leasehold Mortgage and may be secured by, inter alia, a Leasehold Mortgage and/or a pledge of any direct or indirect equity or other ownership interests in Tenant or structured as a preferred equity investment with “mezzanine style remedies”, the exercise of which would result in a Change of Control.

Mezzanine Financing means the $180 million in aggregate initial principal amount of Senior Subordinated Notes due 2009 issued by Centennial to WCAS Capital Partners III, L.P., dated January 7, 1999 and such interest as may have been added to principal, or such additional senior subordinated notes as may have been issued in lieu of payment of interest, in either case in accordance with the terms thereof.

Mezzanine Financing means a private placement that raises a minimum of $20MM ($20,000,000) in equity or an equity-like investment, such as a convertible preferred stock.

Mezzanine Financing. Shall have the meaning set forth in Section 2B.15(b) hereof.

Mezzanine Financing means financing obtained by Borrower or Member from a lender reasonably acceptable to the Requisite Lenders. Both the Mezzanine Financing and the Banc One Financing must comply with the following terms and conditions: (i) such financing shall at no time be secured by any interest in the Premises or any part of the Project, but the Banc One Financing may be secured by a pledge of the equity interest of Alliance Holdings, Inc. in Member and the Mezzanine Financing may be secured by a pledge of the equity interest in Borrower by Member; (ii) the Banc One Financing and the Mezzanine Financing shall be subordinated to the Loans pursuant to a subordination and standstill agreement in form and substance satisfactory to the Requisite Lenders; (iii) principal payments in connection with such financing shall be deferred until the Loan has been fully repaid, (iv) interest payments in connection with such financing shall be deferred until such time as the Debt Service Coverage Ratio on the Project has exceeded 1.4:1.0 for at least two (2) consecutive calendar quarters; (v) the lender providing the Banc One Financing or the Mezzanine Financing shall not have any right to prevent Agent from foreclosing on the Project or otherwise enforcing its rights under this Agreement or the other loan documents executed by Borrower in connection with the Loan and, in the event of a default by Borrower or Member of any of the terms and conditions of the Banc One Financing or the Mezzanine Financing, such lender shall not have any right to foreclose on the Project, but subject to the terms and conditions of the subordination and standstill agreement executed by such lender in favor of Lender, shall have the right to foreclose on the equity interest of Borrower held by Member or on the equity interest of Member held by the members of Member; and (vi) the terms and conditions of such financing and the agreements embodying the same shall be otherwise reasonably acceptable to the Requisite Lenders in all respects.