Examples of Senior Mezzanine Lender in a sentence
Each of Borrower and each Guarantor shall keep the terms of this Agreement strictly confidential and shall not disclose or permit its employees or agents to disclose the terms of this Agreement (except for reasonably necessary disclosures to its attorneys, accountants, investors, agents, lenders and representatives and to Senior Lender and Senior Mezzanine Lender) and except as may be required by law or in connection with litigation between such parties and the Lender Parties.
In the event that Lender or any Senior Mezzanine Lender receives a deed in lieu of foreclosure or an equivalent of all or any portion (other than a de minimis portion) of the Collateral or any collateral securing any of the Senior Mezzanine Loans, then neither Guarantor nor any Related Party of Guarantor may receive or retain any Bankruptcy Retained Interest and any such Bankruptcy Retained Interest shall be paid promptly over to Senior Recovery Lender.
The Senior Mezzanine Lender and Junior Mezzanine Lender are each a “Mezzanine Lender” and, collectively, “Mezzanine Lenders”.
Except in connection with the Senior Mezzanine Borrower’s failure to repay the Senior Mezzanine Loan in full on the maturity date thereof, the Senior Mezzanine Lender shall permit the Junior Mezzanine Lender an opportunity to cure an Event of Default under the Senior Mezzanine Loan Documents in accordance with the provisions of this Section 11.
In the event that the Junior Mezzanine Lender elects to cure a monetary default under the Senior Mezzanine Loan, the Junior Mezzanine Lender shall reimburse the Senior Mezzanine Lender for any interest charged by the Senior Mezzanine Lender on any required (pursuant to an applicable pooling and servicing agreement) advances for monthly payments of principal and/or interest on the Senior Mezzanine Loan and/or on any Protective Advances.