Mezzanine A Loan Sample Clauses

Mezzanine A Loan. Mezzanine A Lender hereby acknowledges that (i) no Junior Borrower other than the Mezzanine A Borrower will ever have any liability or obligation whatsoever with respect to the Mezzanine A Note or otherwise in connection with the payment of the Mezzanine A Loan; (ii) the Mezzanine A 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 Mezzanine A Loan; (iii) the Mezzanine A Loan does not grant to Mezzanine A Lender the status as a creditor of any Junior Borrower other than Mezzanine A Borrower; (iv) Mezzanine A Lender shall not assert, claim or raise as a defense, any such lien, encumbrance or security interest in the Separate Collateral securing any Junior Loan other than the Mezzanine A Loan; (v) Mezzanine A Lender shall not assert, claim or raise as a defense any status as a creditor of any Junior Borrower other than Mezzanine A Borrower in any action or proceeding, including any Proceeding commenced by or against Mezzanine A Borrower; (vi) Mezzanine A Lender shall not assert, pursue, confirm or acquiesce in any way to any recharacterization of the Mezzanine A Loan as having conferred upon Mezzanine A Lender any lien or encumbrance upon, or security interest in, the Separate Collateral securing any Junior Loan other than the Mezzanine A Loan or as having conferred upon Mezzanine A Lender the status of a creditor of any Junior Borrower other than Mezzanine A Borrower; and (vii) the Subordinate Junior Lender to the Mezzanine A Lender may obtain title to its respective Separate Collateral subject to the terms of Section 6 and Mezzanine A Lender consents thereto.
Sample 1Sample 2
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Mezzanine A Loan. PLEDGE AND SECURITY AGREEMENT (MEZZANINE A LOAN) (this “Agreement”), dated as of September 3, 2013, made by BRE Select Hotels Mezz 1A LLC, with an address at c/o Blackstone Real Estate Advisors VII L.P., 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 (“Pledgor”), in favor of PRINCIPAL LIFE INSURANCE COMPANY, having an address at c/o Principal Real Estate Investors, 000 Xxxxx Xxxxxx, Xxx Xxxxxx, Xxxx 00000, COMMONWEALTH ANNUITY AND LIFE INSURANCE COMPANY, having an address at 000 Xxxxxxxx Xxxx, Xxxxx 000, Xxxxxxxxxxxx, Xxxxxxxxxxxxx 00000, FIDELITY SECURITIES FUND: FIDELITY REAL ESTATE INCOME FUND, having an address at c/o Fidelity Management & Research Company, 000 Xxxxxx Xxxxxx, 00xx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000, FIDELITY SECURITIES FUND: FIDELITY SERIES REAL ESTATE INCOME FUND, having an address at c/o Fidelity Management & Research Company, 000 Xxxxxx Xxxxxx, 00xx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000, FIDELITY SALEM STREET TRUST: FIDELITY STRATEGIC REAL RETURN FUND, c/o Fidelity Management & Research Company, 000 Xxxxxx Xxxxxx, 00xx Xxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 and BSSF ARH HOLDING, LLC having an address at c/o The Blackstone Group, 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 (together with their respective successors and assigns, “Lender”).
Sample 1
Mezzanine A Loan. The Mezzanine A Loan has been fully funded and remains outstanding in its original principal balance as of the Closing Date. To Borrower’s and Leasehold Pledgor’s knowledge, no default, breach, violation or event of default has occurred under any Mezzanine A Loan Document which remains uncured or unwaived and no circumstance, event or condition has occurred or exists which, with the giving of notice and/or the expiration of the applicable period would constitute an Event of Default under the Mezzanine A Loan Documents. Each and every representation and warranty of Mezzanine A Borrower and/or Mezzanine A Leasehold Pledgor made to Mezzanine A Lender contained in any one or more of the Mezzanine A Loan Documents is hereby incorporated into this Agreement by reference and deemed made hereunder to the same extent and with the same force and effect as if fully set forth herein and shall remain incorporated without regard to any waiver, amendment or other modification thereof by the Mezzanine A Lender or to whether the related Mezzanine A Loan Document has been repaid, defeased or otherwise terminated, unless otherwise consented to in writing by Lender.
Sample 1

Related to Mezzanine A Loan

  • Loan Interest Zero interest rate

  • Existing Loan Seller represents and warrants that the Existing Loan is the only indebtedness secured by the Property and that the information contained on Exhibit H is true, correct and complete. Neither Seller nor any guarantor is in default or breach of any provisions of the documents evidencing the Existing Loan and no event or circumstance has occurred or exists which but for the passage of time would be a default under the Existing Loan. At Closing, Buyer shall assume the Existing Loan and Buyer shall pay all administrative fees, assumption fees and underwriting costs, if any, charged by the Existing Lender in connection with said assumption. Seller shall cooperate with Buyer in Buyer’s efforts related to the assumption of the Existing Loan including executing such applications, certificates and other documents required by the Lender and providing any information required by the Lender in connection with the assumption of the Existing Loan. Seller shall be responsible for the costs of its attorneys, and Buyer shall be responsible for the costs of its attorneys. In addition, Buyer shall be responsible for the cost, if any, of Existing Lender’s attorneys, related to the assumption of the Existing Loan.

  • Term A Loan The Borrower shall repay the outstanding principal amount of the Term A Loan in equal quarterly installments of $8,437,500 on the last Business Day of each March, June, September and December, beginning with March 31, 2017 (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05), with the outstanding principal balance of the Term A Loan due on the Term A Maturity Date, unless accelerated sooner pursuant to Section 9.02.

  • PPP Loan On or about January 24, 2022, the PPP Loan was forgiven in full by the PPP Lender and the U.S. Small Business Administration in accordance with the terms of the PPP Loan, CARES Act, and all other applicable Laws.

  • The Loan Section 2.01. The Bank agrees to lend to the Borrower, on the terms and conditions set forth or referred to in the Loan Agreement, various currencies that shall have an aggregate value equivalent to the amount of one hundred million dollars ($100,000,000), being the sum of withdrawals of the proceeds of the Loan, with each withdrawal valued by the Bank as of the date of such withdrawal.

  • Construction Loan Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in this Agreement, the Lender has agreed to lend to Borrower and Borrower has agreed to borrow from Lender the lesser of: (i) $27,000,000.00; or (ii) 55% of the Project Costs. Such amount shall be loaned by Lender pursuant to the terms and conditions set forth in this Agreement and the First Supplement to this Agreement.

  • Simple Interest Mortgage Loans None of the Mortgage Loans are simple interest Mortgage Loans.

  • Term Loan The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Loan in whole or in part together with the applicable Prepayment Premium; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of LIBOR Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of LIBOR Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan shall be applied in the inverse order of maturity with respect to the remaining amortization payments. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. On the date of any voluntary prepayment of any Term Loan pursuant to this Section 2.05(a)(ii), the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, whether before or after an Event of Default, the applicable Prepayment Premium. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Loan Proceeds Borrower shall use the proceeds of the Loan received by it on the Closing Date only for the purposes set forth in Section 2.1.4.

  • Whole Loan Each Mortgage Loan is a whole loan and not a participation interest in a mortgage loan.

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