Examples of Second Mezzanine Borrower in a sentence
Review the Association's insurance needs and secure appropriate coverage.
Such Borrower possesses all material rights, licenses, permits and authorizations, governmental or otherwise, necessary to entitle it to own its properties and to transact the businesses in which it is now engaged, and the sole business of such Borrower is the ownership and management of the relevant Second Mezzanine Borrower.
The Premises do not secure any loan from Second Mezzanine Lender to Second Mezzanine Borrower or any other Affiliate of Borrower.
Mezzanine Lender shall have received an original of the Acknowledgment in the form of Exhibit D executed by each of Second Mezzanine Borrower and Mezzanine Borrower and dated as of the Closing Date.
Without limiting the foregoing, such Borrower has sufficient control over the relevant Second Mezzanine Borrower and, in turn, the relevant First Mezzanine Borrower and, in turn, the relevant Mortgage Borrower to cause such Mortgage Borrower to (i) take any action on Mortgage Borrower’s part required by the Mortgage Loan Documents and (ii) refrain from taking any action prohibited by the Mortgage Loan Documents.