Examples of Second Mezzanine Loan Agreement in a sentence
With respect to any provisions incorporated by reference herein from the Mortgage Loan Agreement, the First Mezzanine Loan Agreement and/or the Second Mezzanine Loan Agreement, as applicable, such provisions shall be deemed a part of this Agreement notwithstanding the fact that the Mortgage Loan, the First Mezzanine Loan and/or the Second Mezzanine Loan, as the case may be, shall no longer be effective for any reason.
So long as no Event of Default shall have occurred and be continuing under the Second Mezzanine Loan Documents, subject to the cure rights of the Junior Lenders hereunder, all funds held and applied pursuant to the Second Mezzanine Cash Management Agreement and Second Mezzanine Loan Agreement, shall continue to be applied in the manner required thereunder prior to the occurrence of an Event of Default under the Second Mezzanine Loan Documents.
Borrowers will furnish, or will cause each of the other Loan Parties to furnish, to Lender a copy of the financial statements and all other materials which such Loan Parties are required to provide to Mortgage Lender, First Mezzanine Lender or Second Mezzanine Lender under Section 5.1.11 of the Mortgage Loan Agreement, the First Mezzanine Loan Agreement or the Second Mezzanine Loan Agreement, respectively, within the time periods required under such Section.
Funds representing any balance in the Mezzanine Account after the foregoing transfers have been completed shall be transferred by Mezzanine Lender from the Mezzanine Account to the “Mezzanine Account” under the Second Mezzanine Loan Agreement within one (1) Business Day after the foregoing transfers have been completed.
The Second Mezzanine Lender also notified the Company that it intended to auction to the public the collateral pledged in connection with the Second Mezzanine Loan Agreement, including all membership interests in certain subsidiaries of the Company that indirectly own the Hard Rock and other related assets.
The amount due and payable under the Second Mezzanine Loan Agreement as of January 20, 2011 was approximately $96 million.
Lender acknowledges and agrees that the Property Owners and Second Mezzanine Borrower will have the right in accordance with Senior Loan Agreement and the Second Mezzanine Loan Agreement to direct the Senior Lender and Second Mezzanine Lender to apply funds on deposit in the cash collateral accounts with respect to each of the Senior Loan and the Second Mezzanine Loan Mezzanine Loan to prepay the principal balance of the Senior Loan and Second Mezzanine Loan, as applicable.
Borrowers will furnish, or will cause each of the other Loan Parties to furnish, to Lender a copy of the financial statements and all other materials which such Loan Parties are required to provide to Mortgage Lender under Section 5.1.11 of the Mortgage Loan Agreement, First Mezzanine Lender under Section 5.1.11 of the First Mezzanine Loan Agreement or Second Mezzanine Lender under Section 5.1.11 of the Second Mezzanine Loan Agreement, within the time periods required under such Section.
If any prepayment (other than a Directed Paydown) of all or any portion of the Senior Loan or the Second Mezzanine Loan pursuant to Section 2.4.2 of each of the Senior Loan Agreement and the Second Mezzanine Loan Agreement, respectively, is made and no Prepayment of the Loan in an amount equal to the Required Mezzanine Loan Prepayment Amount is made simultaneously therewith pursuant to Section 2.4.2 hereof.
Second Mezzanine Loan Agreement, dated as of November 6, 2007, among Second Mezzanine Borrowers and Second Mezzanine Lender.