Combined Loan definition
Combined Loan. Collectively, any Mortgage Loan and a related Mezzanine Loan secured by a pledge of all the equity interests in the Borrower under such Mortgage Loan, as if they are a single loan. Each Combined Loan shall be treated as a single loan for all purposes hereunder.
Combined Loan means any Mezzanine Loan that is subject to a Transaction, together with the related Mortgage Loan that is subject to the same Transaction.
Combined Loan. As defined in the Indenture.
Examples of Combined Loan in a sentence
In the case of a sale, exchange or other disposition of a Collateral Interest that is a Combined Loan, the related Mortgage Loan and the corresponding Mezzanine Loan will be required to be sold or exchanged together.
More Definitions of Combined Loan
Combined Loan. To-Value Ratio or CLTV........................................
Combined Loan. “: With respect to any Pari Passu Participation that represents an interest in both (i) a Mortgage Loan and (ii) a Mezzanine Loan secured by a pledge of all of the equity interests in the borrower under such Mortgage Loan, such Mortgage Loan together with such Mezzanine Loan, as if they are a single loan. “Commercial Real Estate Loan”: Any Whole Loan or Participated Loan. “Committed Warehouse Line”: A warehouse facility or other similar financing facility pursuant to which the related lender has approved advances (at a 60% or greater advance ▇▇▇▇▇▇▇▇.
Combined Loan. Collectively, any Mortgage Loan and a related Mezzanine Loan.