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 shall have the meaning set forth in Section 11.30 hereof.

Examples of Mezzanine Loan in a sentence

• No Mezzanine Loan has a shared appreciation feature, any other contingent interest feature or a negative amortization feature or an equity participation by the Seller.

• No person other than the holder of such Mezzanine Loan (subject to the related Partition Agreement) may declare any event of default under the Mezzanine Loan or accelerate any indebtedness under the Mezzanine Loan documents.

• The Mezzanine Loan documents require that all insurance policies procured by the Mortgage Loan borrower with respect to the property under the related Loan Documents name the mezzanine lender, the related mezzanine borrower and their respective successors and assigns as the insured or additional insured, as their respective interests may appear.

• All escrow deposits and payments required to be escrowed with lender pursuant to each Mezzanine Loan are in the possession, or under the control, of the Seller or its servicer, and there are no deficiencies (subject to any applicable grace or cure periods) in connection therewith, and all such escrows and deposits (or the right thereto) that are required to be escrowed with lender under the related Mezzanine Loan documents are being conveyed by the Seller to Issuer or its servicer.

• Each Mezzanine Loan is a whole loan and not a participation interest in a loan.

More Definitions of Mezzanine Loan

Mezzanine Loan means, individually and collectively, as the context may require, the Senior Mezzanine Loan and the Junior Mezzanine Loan.

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

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.