Examples of Senior Mezzanine Lenders in a sentence
The Senior Mezzanine Lenders shall have received all deliveries required under Section 2.3.5 of the Senior Mezzanine Loan Agreements, including, but not limited to, insurance certificates naming Senior Mezzanine Lenders with respect to the Substitute Property, a copy of the owner’s title insurance policy and related mezzanine endorsement (if available in such State) and copies of the Substitution Due Diligence Package and all final deliveries to Mortgage Lender under this Section 2.3.5.
As a result of such limitation, Lender, Xxxxx Fargo Mortgage Loan Lender and any Other Senior Mezzanine Lenders may be required to pay to one or more of the other lenders a portion of any amount received from Sponsor on account of a Bankruptcy Recourse Event.
If such offers for the Senior Mezzanine Notes are oversubscribed, the Senior Mezzanine Notes shall be purchased to the extent of Rio Proceeds available therefor on a ratable basis among the accepting Senior Mezzanine Lenders (based upon the face amount of Senior Mezzanine Notes offered by each accepting Mezzanine Lender).
Nothing contained in this Agreement, the Senior Mezzanine Loan Agreements, the Loan Agreement (Mortgage) or any Security Instrument shall be construed to require Mezzanine Borrower, the Senior Mezzanine Borrowers or Mortgage Borrower to pay any tax, assessment, levy or charge imposed on Mortgage Lender, the Senior Mezzanine Lenders or Mezzanine Lender in the nature of a franchise, capital levy, estate, inheritance, succession, income or net revenue tax.
This Section 2.3.4(j) shall not create a debtor-creditor relationship between Mezzanine Borrower and any Junior Mezzanine Lender, Senior Mezzanine Lenders or Mortgage Lender.
Servicer and Original Lender hereby represent that the Borrower, together with any servicers or deposit account banks involved in the administration and distribution of the Loan proceeds have been irrevocably instructed to make all payments under the Promissory Notes and in connection with the Loan and any amounts otherwise distributable to the Senior Mezzanine Lenders directly to Servicer.
The Senior Mezzanine Collateral and the rights of the Senior Mezzanine Lenders with respect to the Senior Mezzanine Collateral are not subject to any setoff, claims, withholdings or other defenses, other than Mortgage Lender’s right to restrict distributions from Mortgage Borrower to Senior Mezzanine Borrowers under the terms and conditions set forth in the Loan Agreement (Mortgage).
As a result of such limitation, Lender and Senior Mezzanine Lenders may be required to pay to one or more of the other lenders a portion of any amount received from Guarantor on account of a Bankruptcy Recourse Event.
All proposed Leases which do not satisfy the requirements set forth in this subsection shall be subject to the prior approval of Lender and Senior Mezzanine Lenders and their respective counsel, at Borrower’s and Maryland Owner’s expense, which consent shall not be unreasonably withheld or delayed.
Any amendment, modification, waiver, termination, rent reduction, space surrender or term shortening which does not satisfy the requirements set forth in this subsection shall be subject to the prior approval of Lender and Senior Mezzanine Lenders and their respective counsel, at Borrower’s and Maryland Owner’s expense, which consent shall not be unreasonably withheld or delayed.