Mezzanine Tranche definition

Mezzanine Tranche means the portion of the Policy initially insuring $332,352,000 of principal and interest in respect of the Series A Bonds representing the second loss layer of the Policy to be drawn in the event of a Policy Payment.
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Mezzanine Tranche means a tranche or tranches subordinated to the senior tranche, and to which a risk weight of less than 1250% is assigned under the provisions of Chapter VI of these directions;
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Mezzanine Tranche and "Senior Tranche" set forth in the Credit Agreement are hereby deleted in the entirety and the following definitions are hereby substituted in lieu thereof:
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Examples of Mezzanine Tranche in a sentence

  • The Lender is authorized to endorse, at any time, the date and amount of the Senior Tranche, Mezzanine Tranche and Earnout Tranche and the date and amount of each advance and reduction of principal with respect to the Senior Tranche, Mezzanine Tranche and Earnout Tranche on the schedule annexed to and constituting a part of the Senior Note, Mezzanine Note and the Earnout Note (as applicable), which endorsement shall constitute prima facie evidence of the accuracy of the information endorsed.


More Definitions of Mezzanine Tranche

Mezzanine Tranche means the aggregate balance of the Loans allocated to the Mezzanine Note pursuant to Sections 2. 16(b)(ii) or 2.16(c)(ii) hereof, as applicable.
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Mezzanine Tranche has the meaning specified in Section 2.1.
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Mezzanine Tranche means either (a) a SBA loan lending facility with a Mezzanine Tranche Lender, pursuant to which the Borrower receives cash proceeds of not less than $10,000,000 and which satisfies the Mezzanine Tranche Conditions, or (b) a subordinated loan from Newtek to Borrower or investment of capital by Newtek into Borrower, pursuant to which the Borrower receives cash proceeds of not less than $10,000,000 and which satisfies the Mezzanine Tranche Conditions.”
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Related to Mezzanine Tranche

  • Mezzanine Loans means, collectively, 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 Seventh Mezzanine Loan, the Eighth Mezzanine Loan, the Ninth Mezzanine Loan and any New Mezzanine Loan.

  • Mezzanine Floor means an intermediate floor between two floors, above ground level, accessible only from the lower floor;

  • Single Tranche means the amount of the Financing allocated to the category entitled “Single Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • mezzanine means a mezzanine as defined in the Building Code Act;

  • First Tranche means the amount of the Loan allocated to the category entitled “First Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

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

  • Extended Loans has the meaning specified in Section 2.17(a).

  • Existing Loan means the loan identified on Exhibit H.

  • Loan Tranche The Series 2007-2 Class 1A3 Notes will fund the Series 2007-2 AAA (Class 1A3) Loan Tranche which shall have the following terms:

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Refinancing Loans means the Refinancing Revolving Loans and the Refinancing Term Loans.

  • Refinancing Loan shall have the meaning provided in Section 2.14(h)(i).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Incremental Loan has the meaning set forth in Section 2.14(b).