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 is defined in Section 13.8(B).
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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).

  • 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).

  • 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.

  • 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.

  • 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.

  • Notwithstanding anything set forth herein, (i) in no event shall Borrower be permitted under this provision to enter into a note (other than the Note and the other Loan Documents) or other instrument for borrowed money and (ii) nothing herein shall prohibit the delivery of a note by a New Mezzanine Borrower or Mezzanine Borrower in connection with any New Mezzanine Loan or Mezzanine Loan incurred in accordance with the terms of this Agreement.

  • The European Union shall open the above mentioned TRQs from the date of entry into force of this Agreement.

  • 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, Mortgage Borrower, Mezzanine A Borrower and Mezzanine C Borrower, shall be amended and modified as reasonably necessary or required in the formation of any New Mezzanine Borrower.

  • 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, Xxxxxx Borrowers and Xxxxxx Cushion Entity, 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 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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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.

  • Mortgage Borrower shall have the meaning ascribed to the term “Borrower” in the Loan Agreement (Mortgage).

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Mezzanine Loan Documents means, as to each Mezzanine Loan, all documents evidencing, securing, guaranteeing and/or perfecting such Mezzanine Loan and all documents executed and/or delivered in connection therewith.

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • 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”.

  • 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.

  • Borrower Principal means any of the following:

  • 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 (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all 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.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • Borrower as defined in the preamble hereto.

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” under and as defined in the Second Lien Credit Agreement, as each such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • Borrower Partnership Agreement means the Limited Partnership Agreement of the Borrower dated as of January 17, 2014 as such agreement may be amended, restated, modified or supplemented from time to time with the consent of the Administrative Agent or as permitted under Section 10.10.

  • 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.

  • Borrower Pledge Agreement means the Pledge Agreement of even date herewith executed by Borrower in favor of Agent, on behalf of itself and Lenders, pledging all Stock of its Subsidiaries, if any, and all Intercompany Notes owing to or held by it.

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

  • Mezzanine Lender shall have the meaning set forth in the first paragraph of this Agreement.

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

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;