Examples of Mezzanine Pledge in a sentence
It first bars the Mezzanine Lender from exercising its remedies upon default under the Mezzanine Loan, then permits the Mezzanine Lender to exercise its rights under the Mezzanine Pledge, never defines “default” by cross-reference or otherwise, and finally makes the permission to exercise rights subject to “the limitations set forth herein,” which might well include paragraph 4(d) if “herein” means the entire document.Paragraph 7(b) also does not resolve the controversy.
Based on the forgoing representations and warranties, Landlord hereby acknowledges and agrees that the Security Instrument constitutes a Permitted Lease Financing Encumbrance for all purposes under the Ground Lease, the Mezzanine Pledge Agreement constitutes a Permitted Equity Financing Encumbrance for all purposes under the Ground Lease, and the Reimbursement Pledge Agreement constitutes a Permitted Equity Financing Encumbrance for all purposes under the Ground Lease.
TNP SRT Woodland West, LLC agrees to notify Lender promptly in writing of the occurrence of any of the events described in Section 6(a) of the Mezzanine Pledge and Security Agreement.
Notary Public Signature Page – Mezzanine Pledge and Security Agreement Exhibit A Legal Description of Property Exhibit B FORM OF ACKNOWLEDGMENT AND CONSENT TNP SRT Woodland West, LLC, a Delaware limited liability company hereby acknowledges receipt of a copy of the Mezzanine Pledge and Security Agreement and agrees that Pledgor is bound thereby.
Pursuant to the Resolution, Landlord consented, upon the conditions set forth therein, to the (a) encumbrance of the ownership interest in Sole Member, in connection with the Mezzanine Loan, by the lien of the Mezzanine Pledge Agreement and (b) the encumbrance of the ownership interest in Tenant, in connection with the Reimbursement Agreement, by the lien of the Reimbursement Pledge Agreement.
As applicable, an original or copy of the related intercreditor agreement and the related Mezzanine Pledge Agreement.
As part of the transaction, we acquired the equity of NGP and American Golf’s indirect parent, AGC Mezzanine Pledge LLC (“AGC”), and therefore consolidated these entities as of December 31, 2013.
A loan or loans may be secured by more than one Mortgage or Mezzanine Pledge, and all such Mortgages and/or Mezzanine Pledges as shall secure such loan(s) shall collectively be referred to herein as the “Mortgage”.
The Note will be secured by the Senior Mezzanine Pledge and Security Agreement dated the same date as the Note made by Borrower in favor of Lender (the “Security Instrument”).
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