Second Mezzanine Loan definition

Second Mezzanine Loan means that certain loan in the original principal amount of Two Hundred Seventy Five Million and No/100 Dollars ($275,000,000) made by Second Mezzanine Lender to Second Mezzanine Borrower as of the Original Closing Date.

Second Mezzanine Loan means that certain $60,000,000 mezzanine loan, made as of the date hereof, from Second Mezzanine Lender to Second Mezzanine Borrower.

Second Mezzanine Loan means that certain loan made by the Second Mezzanine Lenders to Second Mezzanine Borrower as of the Original Closing Date in the original principal amount of Two Hundred Seventy Five Million and No/100 Dollars ($275,000,000). As of the date hereof, the Second Mezzanine Loan is in the outstanding principal amount of Two Hundred Sixty Five Million Eight Hundred Forty Two Thousand Five Hundred and no/100 Dollars ($265,842,500). The Second Mezzanine Loan is evidenced and/or secured by the Second Mezzanine Loan Agreement and the Second Mezzanine Loan Documents.

Examples of Second 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 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.

• 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 Second Mezzanine Lender for application in accordance with the terms of the Second Mezzanine Loan Documents.

• There are no Mortgage Loan Documents, no First Mezzanine Loan Documents and no Second Mezzanine Loan Documents other than those set forth on Schedule XI, Schedule XII and Schedule XIII, respectively, attached hereto.

• Notwithstanding anything to the contrary contained in the First Mezzanine Loan Documents for so long as the Second Mezzanine Loan remains outstanding, First Mezzanine Lender shall be deemed to have approved any matters with respect to the Offering Plan and the Condominium Documents if Second Mezzanine Lender has granted its approval with respect to such matter.

More Definitions of Second Mezzanine Loan

Second Mezzanine Loan has the meaning set forth in the Recitals hereto.

Second Mezzanine Loan shall have the meaning ascribed to such term in the Recitals hereof.

Second Mezzanine Loan shall have the meaning set forth in the Intercreditor Agreement.

Second Mezzanine Loan means the loan made by Lender to Borrower pursuant to the Loan Agreement, as modified by this Agreement, in the total maximum principal amount of $47,120,130.67.

Second Mezzanine Loan. DOCUMENTS shall mean the "Loan Documents (Second Mezzanine)" as defined in the Second Mezzanine Loan Agreement. SECURITIZATION shall have the meaning set forth in the Loan Agreement (Mortgage).

Second Mezzanine Loan means that certain mezzanine loan made by Second Mezzanine Lender to the Sellers’ Affiliates in the amount of One Hundred Ten Million and 00/100 Dollars ($110,000,000.00).

Second Mezzanine Loan as used herein shall mean the loan or loans evidenced by that certain Mezzanine Loan Agreement dated as of February 6, 2008 by and between XXX and Holdings (the “Second Mezzanine Loan Agreement”) as evidenced by a Promissory Note in the amount of $5,000,000.00 (the “Second Mezzanine Note”) of Holdings in favor of XXX and secured by a Pledge and Security Agreement (the “Second Pledge”) by Holdings in favor of XXX of its interests in STAG IV Holdings, LLC, a Delaware limited liability company (“STAG IV”). The term “Second Mezzanine Loan Documents” shall mean the Second Mezzanine Loan Agreement, Second Mezzanine Note and the Second Pledge.