Mezzanine Release Amount shall have the meaning assigned to the term “Release Amount” in the Mezzanine Loan Agreement.
Mezzanine Release Amount means, as to any Individual Property, (a) for the Original Mezzanine Loan, the Original Mezzanine Release Amount as to such Individual Property and (b) for the Approved Mezzanine Loan, from and after the Approved Mezzanine Closing Date, the Approved Mezzanine Release Amount as to such Individual Property.
Mezzanine Release Amount means, if applicable, the “Release Amount” as defined in the Mezzanine Loan Agreement. “Minimum Disbursement Amount” shall mean Twenty‑Five Thousand and No/100 Dollars ($25,000.00).
Examples of Mezzanine Release Amount in a sentence
Additionally, in connection with any voluntary prepayment pursuant to this Section 2.4.1, the Mortgage Loan and each Other Mezzanine Loan shall be simultaneously prepaid ratably, or if such prepayment is in connection with the release of a Release Property in accordance with Section 2.6 hereof, in an amount equal to the Mortgage Release Amount and the Other Mezzanine Release Amount applicable to such Release Property.
Xxxxxxx Title: Vice President SCHEDULE I (Properties - Release Amounts) Property Name Location Mezzanine Release Amount Crowne Plaza Ravinia Atlanta, GA $ 6,980,000 Hilton Parsippany Parsippany, NJ $ 8,230,000 Hyatt - Wind Watch Hauppauge, NY $ 5,440,000 Tremont - Boston Boston, MA $ 4,350,000 $ 25,000,000 SCH.
More Definitions of Mezzanine Release Amount
Mezzanine Release Amount with respect to the Release Parcels, the amount specified on Schedule 2 hereto.