Mezzanine Loan definition

Mezzanine Loan means a mezzanine loan secured by equity interests in the Mortgage Loan Borrower.

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Mezzanine Loan means a performing loan (or a participation therein) primarily secured by a pledge of full or partial equity ownership interests in one or more entities that own directly or indirectly multifamily or commercial properties that serve as collateral for Senior Mortgage Loans.

Mezzanine Loan has the meaning set forth in Section 2.15(a).

Examples of Mezzanine Loan in a sentence

Seller’s security interest in the collateral for the Mezzanine Loan is covered by a Title Policy in the original principal amount of such Purchased Asset after all advances of principal (including any advances held in escrow or reserves), that insures for the benefit of the owner of the Mezzanine Loan the first priority lien on the collateral for the Mezzanine Loan, which lien is subject only to the liens created by the Purchased Asset Documents.
The LLC Certificate of the issuer of the Capital Stock securing the Purchased Asset constitutes a “security” within the meaning of Article 8 of the UCC, and no amendment of the issuer’s operating agreement that amends the opt-in may be effected without the consent of the holder of the Mezzanine Loan.
The Mezzanine Loan complies in all material respects with, or is exempt from, all requirements of federal, state or local law relating to such Mezzanine Loan.
On or before each Purchase Date with respect to each such Purchased Asset or Contributed Mezzanine Loan, the Sellers shall deliver or cause to be delivered to Administrative Agent or its designee (initially, the Custodian) the Custodial Asset Transmission.
In addition, the Servicing Agreement shall require that the Servicer deposit all collections of Income (other than amounts deposited in escrow accounts pursuant to the Servicing Agreement and the related Purchased Asset Documents and Mezzanine Loan Documents, as applicable) received by Servicer on account of the Purchased Assets and Contributed Mezzanine Loans in the Servicer Account no later than two (2) Business Days following receipt and into the Deposit Account on each Servicer Remittance Date.

More Definitions of Mezzanine Loan

Mezzanine Loan means, individually or collectively, as the context may require, the Current Mezzanine Loan and the New Mezzanine Loan.

Mezzanine Loan shall have the meaning set forth in Section 11.30 hereof.

Mezzanine Loan means any Mezzanine Loan (as such term is defined in the Mortgage Loan Agreement) or any New Mezzanine Loan (as such term is defined in the Mortgage Loan Agreement).

Mezzanine Loan means any assignment of, or participation interest or other interest in, a Loan that is of a rank lower than a Second Lien Loan.

Mezzanine Loan. As defined in the Mortgage Loan Agreement.

Mezzanine Loan. A performing mezzanine loan secured by pledges of one-hundred percent (100%) of the Equity Interests of an Underlying Obligor, or that position of such Equity Interests that includes the general partnership, managing member or other controlling interest (including the right to take title to and sell the related Mortgaged Property) that owns income producing commercial real estate that is a Type of Mortgaged Property.

Mezzanine Loan means a whole mezzanine loan that is primarily secured by a pledge of all of the equity interests in the entity or entities that own, directly or indirectly, the Mortgaged Property securing the related Mortgage Loan. With respect to each Mezzanine Loan, (y) a default under the related Mortgage Loan shall be required to constitute a default under such Mezzanine Loan and (z) the related Mortgage Loan and such Mezzanine Loan must be coterminous.