New Mezzanine Borrower definition

New Mezzanine Borrower shall have the meaning set forth in Section 2.1.7.
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New Mezzanine Borrower means the entity which owns interests in the New Senior Mezzanine Borrower similar to the interests in Senior Mezzanine Borrower owned by Borrower.
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New Mezzanine Borrower means one or more special purpose vehicles that serve as borrowers under the New Mezzanine Loan and own the limited liability company interests of Borrower.
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Examples of New Mezzanine Borrower in a sentence

  • In addition, Borrower shall cause the formation of one or more special purpose, bankruptcy remote entities as required by Lender in order to serve as the borrower under any New Mezzanine Loan (each, a “New Mezzanine Borrower”) and the applicable organizational documents of Borrower shall be amended and modified as necessary or required in the formation of any New Mezzanine Borrower.

  • The applicable organizational documents of Mortgage Borrower and Mezzanine Borrowers shall be amended and modified as reasonably necessary or required in the formation of any New Mezzanine Borrower, but subject to the other terms of this Section 9.1.3(d).

  • Provided no Event of Default is continuing, nothing herein or in any other Loan Document shall prohibit New Mezzanine Borrower from prepaying at a discount all or any portion of the New Mezzanine Loan subject to and in accordance with Section 10.33 hereof.

  • In addition, Borrower shall cause the formation of one or more special purpose, bankruptcy remote entities as reasonably required by Lender in order to serve as the borrower under any New Mezzanine Loan (each, a “New Mezzanine Borrower”) and the applicable Organizational Documents of Borrower and Mezzanine Borrower shall be amended and modified as necessary or reasonably required in the formation of any New Mezzanine Borrower.

  • The applicable organizational documents of Borrower and Mezzanine Borrowers shall be amended and modified as reasonably necessary or required in the formation of any New Mezzanine Borrower, but subject to the other terms of this Section 9.1.3(d).

  • The security for any New Mezzanine Loan shall include a pledge by the related New Mezzanine Borrower of one hundred percent (100%) of the direct ownership interests in Borrower or its immediately senior New Mezzanine Borrower, as applicable.

  • The applicable organizational documents of Borrower and Mezzanine Borrowers shall be amended and modified as necessary or required in the formation of any New Mezzanine Borrower, but subject to the other terms of this Section 9.1.2(c).

  • All reasonable third party costs and expenses incurred by Borrower in connection with its compliance with any requests under this Section 9.3(b) (and relating to the creation of a single New Mezzanine Loan and/or a single New Mezzanine Borrower shall be paid by Borrower.

  • It shall be an Event of Default hereunder if Borrower, Mezzanine B Borrower or New Mezzanine Borrower fails to comply with any of the terms, covenants or conditions of this Section 9.8 and such failure shall continue for more than ten (10) Business Days after Borrower, Mezzanine B Borrower or New Mezzanine Borrower, as the case may be, shall have received written notice thereof.

  • In addition, Borrower shall cause the formation of one or more special purpose, bankruptcy remote entities as required by Lender in order to serve as the borrower under any New Mezzanine Loan (each, a “New Mezzanine Borrower”) and the applicable organizational documents of Borrower and Mortgage Borrower shall be amended and modified as necessary or required in the formation of any New Mezzanine Borrower.


More Definitions of New Mezzanine Borrower

New Mezzanine Borrower is defined in Section 13.8(B).
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New Mezzanine Borrower means SunStrong 2018-1 Mezzanine, LLC, a Delaware limited liability company.
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Related to New Mezzanine Borrower

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

  • Mezzanine Loan Documents means all documents or instruments evidencing, securing or guaranteeing the Mezzanine Loan, including without limitation, the Mezzanine Loan Agreement.

  • Accelerated Mezzanine Loan Lender shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

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

  • New Borrower means (a) each New Company that is a Company Borrower, and (b) each other Company (including a New Company) acting on behalf of, and for the account of, each Series thereof that is a New Fund.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Initial Borrower has the meaning specified in the preamble hereto.

  • Second Lien Bank Loan means a Bank Loan that is entitled to the benefit of a second lien and second priority perfected security interest on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Mortgage Loan Borrower shall have the meaning assigned to such term in the recitals.

  • Borrower as defined in the preamble hereto.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Purchasing Borrower Party means Holdings or any subsidiary of Holdings.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

Most Referenced Clauses

Most Referenced Definitions