SPE Joinder Effective Date definition
SPE Joinder Effective Date means the date that (i) each of BR1LLC and BR2LLC shall have joined this Agreement as a Borrower and (ii) each of Bonstores Holdings One, LLC, a Delaware limited liability company and Bonstores Holdings Two, LLC, a Delaware limited liability company shall have joined this Agreement as a Guarantor, in each case by executing a joinder agreement substantially in the form of Exhibit H; provided that the Mortgage Loan Debt shall be discharged, and all Liens in respect thereof released, pursuant to payoff arrangements reasonably satisfactory to Agent prior to or substantially concurrently with the joinder of the SPEs as Borrowers or Guarantors, as applicable, hereunder.