Mezzanine Borrower. Mortgage Borrower and each Senior Mezzanine Borrower shall have paid (i) the “Release Price” (as such term is defined herein, in the Loan Agreement (Mortgage), and in each Senior Mezzanine Loan Agreement, (ii) the applicable Prepayment Fee (as such term is defined herein and in the Loan Agreement (Mortgage), and each Senior Mezzanine Loan Agreement, if any, (iii) all other sums due under the applicable loan in connection with such prepayment, for deposit into the Holding Account and disbursement by the Cash Management Bank in accordance with Section 3.1.6. Interest payable under the Mezzanine Note shall be calculated through the end of the Interest Period in which such payment is made on the Principal Amount (even if such period extends beyond such Payment Date and calculated as if such payment had not been made on such Payment Date (i.e. without a deduction for the portion of the Principal Amount included in the Release Price)).
Mezzanine Borrower. Cindat Hersha Owner JV Associates, LLC, a Delaware limited liability company.
Mezzanine Borrower. The term “Mezzanine Borrower” shall mean the Borrower under a Mezzanine Loan related to a Loan.
Mezzanine Borrower. CNL HOTEL DEL INTERMEDIATE MEZZ PARTNERS, LP, a Delaware limited partnership By: CNL Hotel Del Intermediate Mezz Partners GP, LLC, a Delaware limited liability company its General Partner By: /s/ Xxxx X. Xxxxx, Xx. Name: Xxxx X. Xxxxx, Xx. Title: Vice President By signing below, General Partner agrees that in consideration of the substantial benefit that it will receive from Lender making the Loan to Borrower, General Partner agrees to comply (or permit Mezzanine Borrower to take such action necessary to comply) with all of the terms, conditions, obligations and restrictions affecting General Partner set forth herein: GENERAL PARTNER: CNL HOTEL DEL INTERMEDIATE MEZZ PARTNERS GP, LLC, a Delaware limited liability company By: /s/ Xxxx X. Xxxxx, Xx. Name: Xxxx X. Xxxxx, Xx. Title: Vice President [Mezzanine Lender's signature appears on following page]
Mezzanine Borrower. SW 131 ST. ROSE MEZZANINE BORROWER, LLC, a Delaware limited liability company, its sole member By: SW 130 St. Rose Limited Partnership, a Delaware limited partnership, its sole member By: SW 129 St. Rose Limited Partnership, a Delaware limited partnership, its general partner By: SW 104 Development GP LLC, a Delaware limited liability company, its general partner By: /s/ Xxxxxxx X. Xxxxx Name: Xxxxxxx X. Xxxxx Title: Vice President Acknowledgement and Consent EXHIBIT A PROPERTY DESCRIPTION PARCEL I: THE NORTH HALF (N ½) OF THE NORTHWEST QUARTER (NW ¼) OF THE SOUTHWEST QUARTER (SW ¼) OF THE NORTHWEST QUARTER (NW ¼) OF XXXXXXX 00, XXXXXXXX 00 XXXXX, XXXXX 61 EAST, M.D.B.&M., XXXXX COUNTY, NEVADA. PARCEL II: THE SOUTH HALF (S ½) OF THE NORTHEAST QUARTER (NE ¼) OF THE SOUTHWEST QUARTER (SW ¼) OF THE NORTHWEST QUARTER (NW ¼) OF SECTION 35, TOWNSHIP 22 SOUTH, RANGE 61 EAST, M.D.B.&M. EXCEPTING THEREFROM THAT PORTION LYING WITHIN ST. ROSE PARKWAY. PARCEL III: THAT PORTION OF THE NORTHWEST QUARTER (NW ¼) OF XXXXXXX 00, XXXXXXXX 00 XXXXX, XXXXX 61 EAST, M.D.M., CITY OF XXXXXXXXX, XXXXX COUNTY, NEVADA, MORE PARTICULARLY DESCRIBED AS FOLLOWS: THE SOUTH HALF (S ½) OF THE NORTHWEST QUARTER (NW ¼) OF THE SOUTHWEST QUARTER (SW ¼) OF THE NORTHWEST QUARTER (NW ¼) OF SAID SECTION 35. TOGETHER WITH: THOSE PORTIONS OF THE NORTH HALF (N ½) OF THE SOUTH HALF (S ½) OF THE SOUTHWEST QUARTER (SW ¼) OF THE NORTHWEST QUARTER (NW ¼) OF SAID SECTION 35 LYING NORTHWESTERLY OF THE NORTHWESTERLY RIGHT-OF-WAY OF ST. ROSE PARKWAY. PARCEL IV: BEING A PORTION OF THE SOUTH HALF (S ½) OF THE SOUTHEAST QUARTER (SE ¼) OF THE NORTHWEST QUARTER (NW ¼) OF THE NORTHWEST QUARTER (NW ¼) OF XXXXXXX 00, XXXXXXXX 00 XXXXX, XXXXX 61 EAST, M.D.B & M., XXXXX COUNTY, NEVADA. TOGETHER WITH THAT PORTION OF THE NORTH HALF (N ½) OF THE NORTHEAST QUARTER (NE ¼) OF THE SOUTHWEST QUARTER (SW ¼) OF THE NORTHWEST QUARTER (NW ¼), ALSO TOGETHER WITH THAT PORTION OF THE NORTH HALF (N ½) OF THE NORTHWEST QUARTER (NW ¼) OF SAID SECTION 35, LYING NORTHWESTERLY OF ST. ROSE PARKWAY, FURTHER DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF THE NORTHWEST QUARTER (NW ¼) OF THE NORTHWEST QUARTER (NW ¼) OF SAID SECTION 35, SAID CORNER BEING MARKED BY AN ALUMINUM CAP MARKED “PLS 5269, 1994, NW 1/16”; THENCE SOUTH 41°41’09” EAST, 174.75 FEET TO THE NORTHWESTERLY LINE OF ST. ROSE PARKWAY AS GRANTED IN BOOK 250 AS DOCUMENT NO. 202981, OFFICIAL RECORDS OF XXXXX COUNTY, NEVADA; THENCE ALONG SAID NORTHWESTERLY LINE, SOUTH 46°1...
Mezzanine Borrower. GIRAFFE JUNIOR HOLDINGS, LLC, a Delaware limited liability company By: /s/ Xxx X. Xxxxxxx Name: Xxx X. Xxxxxxx Title: Senior Vice President-Treasurer [Mezzanine Lender’s signature appears on following page]
Mezzanine Borrower. SHR SCOTTSDALE X-1, L.L.C., a Delaware limited liability company By: /s/ Xxxx X. Xxxxx Name: Xxxx X. Xxxxx Title: Assistant Treasurer SHR SCOTTSDALE Y-1, L.L.C., a Delaware limited liability company By: /s/ Xxxx X. Xxxxx Name: Xxxx X. Xxxxx Title: Assistant Treasurer
Mezzanine Borrower. A and Mezzanine Borrower-B shall fail to fund (or shall fail to provide irrevocable directions to the Cash Management Bank to fund) the Mezzanine Loan-A and Mezzanine Loan-B portions of Additional Advances required to be made pursuant to Section 2.9 of the Mezzanine A Loan Agreement and the Mezzanine B Loan Agreement (according to the terms in such agreements as they exist on the date hereof) simultaneously with the funding of the portion of Additional Advances required to be made by Lender pursuant to Section 2.9 hereof."
Mezzanine Borrower. GIRAFFE INTERMEDIATE HOLDINGS, LLC, a Delaware limited liability company By: /s/ Xxx X. Xxxxxxx Name: Xxx X. Xxxxxxx Title: Senior Vice President-Treasurer [Mezzanine Lender’s signature appears on following page] MEZZANINE LENDER: GERMAN AMERICAN CAPITAL CORPORATION, a Maryland corporation By: /s/ Xxxx X. Xxxxxxx Name: Xxxx X. Xxxxxxx Title: Vice President By: /s/ Xxxx X. Xxxxxxxx Name: Xxxx X. Xxxxxxxx
Mezzanine Borrower grants to Mezzanine Lender a first priority perfected security interest in each of the Reserve Funds and any and all monies now or hereafter deposited in each Reserve Fund as additional security for payment of the Mezzanine Debt. Until expended or applied in accordance herewith, the Reserve Funds shall constitute additional security for the Mezzanine Debt. Subject to the Mezzanine Cash Management Agreement, to the extent any excess funds in the Tax and Insurance Escrow Fund, the Replacement Reserve Fund or the
