Examples of Third Mezzanine Loan in a sentence
Senior Lender and Junior Lenders desire to enter into this Agreement to provide for the relative priority of, and to evidence certain agreements with respect to, the Senior Loan Documents, the First Mezzanine Loan Documents, the Second Mezzanine Loan Documents, the Third Mezzanine Loan Documents, the Fourth Mezzanine Loan Documents, the Fifth Mezzanine Loan Documents, the Sixth Mezzanine Loan Documents and the Seventh Mezzanine Loan Documents on the terms and conditions hereinbelow set forth.
So long as no Event of Default shall have occurred and be continuing under the Third Mezzanine Loan Documents, subject to the cure rights of the Junior Lenders hereunder, all funds held and applied pursuant to the Third Mezzanine Cash Management Agreement and Third Mezzanine Loan Agreement, shall continue to be applied in the manner required thereunder prior to the occurrence of an Event of Default under the Third Mezzanine Loan Documents.
City staff has requested an updated water and sewer rate analysis to ensure sufficient funding for the proposed sewer and water extension project as well as requested a review of financing options for a new SCADA system and water tower rehab project.
To Third Mezzanine Lender's knowledge, there currently exists no default or event which, with the giving of notice or the lapse of time, or both, would constitute a default under the Third Mezzanine Loan Documents.
If the Mezzanine Borrower requires the Final Mezzanine Loan Repayment Date to be extended pursuant to the First Mezzanine Loan Extension Option, the Second Mezzanine Loan Extension Option or the Third Mezzanine Loan Extension Option, it is a condition of any such extension that hedging is put in place that satisfies the required hedging conditions under the Mezzanine Facility Agreement.
Third Mezzanine Lender (as Affiliate of Purchasers) has deposited with Deposit Escrow Agent a pledge of the portion of any recovery on account of its claims under the Third Mezzanine Loan in an amount having a value of Sixty Million and 00/100 Dollars ($60,000,000.00) (the “Deposit”).
So long as no Event of Default shall have occurred and be continuing under the Third Mezzanine Loan Documents, subject to the cure rights of the Junior Lenders hereunder, all funds held and applied pursuant to the Third Mezzanine Loan Documents (including in any deposit or collection or cash management account) shall continue to be applied in the manner required thereunder prior to the occurrence of an Event of Default under the Third Mezzanine Loan Documents.
To Third Mezzanine Lender’s knowledge, there currently exists no default or event which, with the giving of notice or the lapse of time, or both, would constitute a default under the Third Mezzanine Loan Documents.
Upon payment in full of the Debt (including, without limitation, the Exit Fee), Lender’s sole obligation under this Section 2.4.4 shall be to disburse any remaining funds described herein and held by Lender to Third Mezzanine Lender for application in accordance with the terms of the Third Mezzanine Loan Documents.
The Third Mezzanine Loan does not constitute or impose, and shall not be deemed or construed as constituting or imposing now or hereafter, a lien or encumbrance upon, or security interest in, any portion of the Separate Collateral securing any Junior Loan other than the Third Mezzanine Loan.