Mezzanine Indebtedness definition

Mezzanine Indebtedness means Indebtedness of the Borrowers or any of their Subsidiaries secured by a pledge of one or more equity interests in a Single Purpose Entity owning only one real property asset, where such real property asset is prohibited from being further encumbered.

Mezzanine Indebtedness means Financial Indebtedness incurred or to be incurred by the Borrower:

Mezzanine Indebtedness. Indebtedness for borrowed money from a financial institution or fund which (i) is unsecured, (ii) does not provide for the payment in cash of principal or interest prior to the date that is 30 days after the Term Loan Maturity Date, (iii) has a maturity date at least 30 days after the Term Loan Maturity Date, (iv) contains covenants no more restrictive than those hereunder or under any of the other Loan Documents, and (v) is subordinated to the Obligations hereunder either by virtue of its place in the capital structure of Borrower and its Affiliates or, if an obligation of Borrower, by a subordination agreement in form and substance reasonably acceptable to Lenders.

Examples of Mezzanine Indebtedness in a sentence

• Until the Mezzanine Indebtedness is paid in full, the consent of Xxxxxxx Xxxxx or its successor as agent for the Mezzanine Lender to any amendment of this Agreement shall be required, which consent by Xxxxxxx Xxxxx shall not be unreasonably withheld if the rights of Mezzanine Lender will not be materially or adversely affected by such amendment.

• The Members hereby recognize and acknowledge that CNL is executing and delivering an Ownership Pledge, Assignment and Security Agreement to Xxxxxxx Xxxxx as agent for the Mezzanine Lender as additional collateral for the Mezzanine Indebtedness (the “Mezzanine Assignment”), which Mezzanine Assignment, among other things, grants a security interest in all of CNL’s Interest.

• With the Approval of the Members, and Xxxxxxx Xxxxx or its successor as agent for the Mezzanine Lender so long as any Mezzanine Indebtedness remains outstanding, any Person may be admitted to the Company as an additional Member upon making such contributions to the capital of the Company in exchange for such Percentage Interests as may be Approved by the Members.

• The date on which such Redemption Event occurs is referred to as the "Redemption Event Trigger Date." A "Redemption Event" shall mean, with respect to the shares of Series A Preferred Stock elected to be purchased by the Purchasers, (i) any Liquidity Event, or (ii) a date subsequent to the December 17, 2007 if the Bank Indebtedness and the Mezzanine Indebtedness have been paid in full on or before such date.

• Until the Mezzanine Indebtedness is paid in full, if CNL is the Bankrupt Member, then the rights of the other Member(s) under this Article 10 shall be deemed suspended and shall in all events be subject and subordinate to the rights of Xxxxxxx Xxxxx or its successor as agent for the Mezzanine Lender to CNL’s Interest, unless Xxxxxxx Xxxxx or its successor has waived in writing its rights under the Mezzanine Assignment.

More Definitions of Mezzanine Indebtedness

Mezzanine Indebtedness means principal of, and prepayment fees and premiums, if any, and interest on and all other monetary obligations of every kind or nature (including fees, indemnities and expenses) due on or in connection with any Company Loan, whether outstanding on the date of this Agreement or thereafter created, incurred or assumed and, in each case, secured by a Lien on the Equity Interests of the Company or any Subsidiary thereof.

Mezzanine Indebtedness shall have the meaning given to such term in Section 9.4 hereof.

Mezzanine Indebtedness has the meaning contained in the Subscription Agreement;

Mezzanine Indebtedness means the Indebtedness of the Loan Parties owing to the Mezzanine Agent and/or the Mezzanine Purchasers under the Mezzanine Note Purchase Agreement.

Mezzanine Indebtedness the Indebtedness of the Borrowers under the Mezzanine Loan Documents.

Mezzanine Indebtedness means any and all amounts payable by any of the Companies under or in respect of the Mezzanine Facility, as amended from time to time, including principal, premium (if any), interest (including interest accruing on or after the filing of any Insolvency Proceedings relating to TWUK whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees and all other amounts payable thereunder or in respect thereof.

Mezzanine Indebtedness means indebtedness described on Schedule D hereof.