Mezzanine Loans definition

Mezzanine Loans means, individually or collectively, as the context may require, the First Mezzanine Loan and the Second Mezzanine Loan, and each of the First Mezzanine Loan and/or the Second Mezzanine Loan, individually, a “Mezzanine Loan”.

Mezzanine Loans means, collectively, this Loan, the First Mezzanine Loan, the Second Mezzanine Loan, the Third Mezzanine Loan, the Fourth Mezzanine Loan, the Fifth Mezzanine Loan, the Sixth Mezzanine Loan, the Eighth Mezzanine Loan, the Ninth Mezzanine Loan and any New Mezzanine Loan.

Mezzanine Loans as defined in the Mortgage Loan Agreement.

Examples of Mezzanine Loans in a sentence

• Mortgage Borrower and Operating Company shall have obtained all Operating Permits from Gaming Authorities that are required in order to permit the closing of the Mortgage Loan and the Mezzanine Loans (if required), or in connection with the Operating Lease or the Operating Lease Guaranty (if required), or to permit the conveyances of any of the Properties to Mortgage Borrower (effected immediately prior hereto) and the operation of the Properties as currently conducted.

• All of the conditions precedent set forth in Article III of the Mortgage Loan Agreement and Senior Mezzanine Loan Agreements shall have been satisfied and the Mortgage Loan and Senior Mezzanine Loans shall have closed and been fully advanced in accordance therewith.

• The principal amount of the Mortgage Loan plus the principal amount of the Mezzanine Loan(s) shall equal the outstanding principal balance of the Loan immediately prior to the creation of the Mortgage Loan and the Mezzanine Loan(s).

• The Mezzanine Loan(s) will be subordinate to the Mortgage Loan and will be governed by the terms of an intercreditor agreement between the holders of the Mortgage Loan and the Mezzanine Loan(s).

• The sum of (i) that portion of Net Operating Income derived from Unencumbered Assets less Annualized Capital Expenditures attributable to such Unencumbered Assets and (ii) interest payments received from Mortgages and Mezzanine Loans which are not encumbered by Liens in respect of borrowed money.

More Definitions of Mezzanine Loans

Mezzanine Loans means, collectively, the Loan and the Mezzanine A Loan.

Mezzanine Loans means mezzanine loans secured by ownership interests in entities owning commercial properties.

Mezzanine Loans means, collectively, the Mezzanine A Loan, the Mezzanine B Loan and the Mezzanine C Loan, to the extent each of the same has not been repaid or satisfied, in full.

Mezzanine Loans shall have the meaning set forth in Section 11.30.

Mezzanine Loans and "Investments" shall not constitute "Direct Real Estate Investments"; provided however, that if any of the foregoing existing investments classified on the Company's most recent balance sheet as "Notes Receivable", "Mezzanine Loans" and "Investments" remain on the Company's December 31, 2001 balance sheet, such investments shall thereafter constitute "Direct Real Estate Investments" if such investments otherwise satisfy the criteria set forth in clauses (a) or (b) above, in which case such investments shall be included in an amount (but only in an amount) equal to the amount of the investment less closing or management fees earned on such investment during the first twenty-four (24) month period; provided further, that any investment of the Company which does not initially constitute "Direct Real Estate Investments" but thereafter satisfies the criteria set forth above shall thereafter constitute "Direct Real Estate Investments", in which case such investments shall be included in an amount (but only in an amount) equal to the amount of the investment less closing or management fees earned on such investment during the first twenty-four (24) month period.

Mezzanine Loans and "Investments" remain on the Company's December 31, 2001 balance sheet, such investments shall thereafter constitute "Direct Real Estate Investments" if such investments otherwise satisfy the criteria set forth in clauses (a) or (b) above, in which case such investments shall be included in an amount (but only in an amount) equal to the amount of the investment less closing or management fees earned on such investment during the first twenty-four (24) month period; provided further, that any investment of the Company which does not initially constitute "Direct Real Estate Investments" but thereafter satisfies the criteria set forth above shall thereafter constitute "Direct Real Estate Investments", in which case such investments shall be included in an amount (but only in an amount) equal to the amount of the investment less closing or management fees earned on such investment during the first twenty-four (24) month period.

Mezzanine Loans shall have the meaning ascribed thereto in Recital E hereof.