Existing Mezzanine Loan definition

Existing Mezzanine Loan means that mezzanine construction loan made by the Prior Lenders to the Borrower in the original principal amount of $65,000,000, which mezzanine construction loan has been satisfied on this date with the proceeds from the Loan.
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Existing Mezzanine Loan means that certain loan in the original principal amount of $2,480,000.00 made by Lender to IREIT DG SPE II Member, L.L.C., a Delaware limited liability company.
Sample 1
Existing Mezzanine Loan means that certain loan in the original principal amount of $1,300,000.00 made by Existing Mezzanine Lender to Existing Mezzanine Borrower.
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Examples of Existing Mezzanine Loan in a sentence

  • The proceeds of the Advance shall only be used by the Borrower to repay the Existing Mezzanine Loan.

  • Senior Tier Mezzanine Borrower, BRE/PARK PLACE JUNIOR MEZZANINE L.L.C. ("Junior Tier Mezzanine Borrower" and, together with Senior Tier Mezzanine Borrower, the "Borrowers"), a Delaware limited liability company, Senior Tier Mezzanine Lender, German American Capital Corporation ("Junior Tier Mezzanine Lender" and, together with Senior Tier Mezzanine Lender, "Lenders"), and Guarantor have agreed to modify the Existing Mezzanine Loan upon certain terms and conditions hereinafter set forth.

  • Borrower and Lender have agreed to modify and amend the Existing Mortgage Loan Agreement and the other Existing Loan Documents in order to accurately reflect the restructuring of the Existing Mezzanine Loan upon certain terms and conditions hereinafter set forth.

  • Achievingsuchadeeptransformationoftheenergy,industrial,andagriculturalsystemsoverthenextfewdecadeswillrepresentoneofthegreatesttechnical,organizational,andfinancingchallengesthathumanityhasfaced.” (“An Action Agenda for Sustainable Development: Report for the UN Secretary-General”; October 23, 2013) (p.

  • Upon completion of the Offering, we intend to use the net proceeds from the Offering, after deducting costs, fees and expenses in relation to the Transactions, including underwriting commissions as well as fees for legal, accounting, printing, ratings advisory and other professional services, to (i) repay in full amounts outstanding under our Existing Senior Credit Facilities, (ii) repay in full amounts outstanding under the Existing Mezzanine Loan and (iii) pay certain swap termination costs.

  • For sake of clarity, the parties hereto acknowledge and agree that the Existing Mezzanine Loan is not a mezzanine loan required by Lender pursuant to this Section 9.1, but rather, is a loan being made at Borrower’s request, and therefore, all costs and expenses incurred by Borrower, Guarantor or Lender in connection with the Existing Mezzanine Loan shall be paid by Borrower.

  • Borrower has requested and the Lender has agreed, subject to and in accordance with the terms of this Agreement and the other Loan Documents (as defined below), to make a loan to the Borrower in the principal amount of the Loan Amount (as defined below) for the refinancing of the Existing Mezzanine Loan relative to the Project.

  • Section 8.l(ff)-2 of the Disclosure Letter is a true and correct list of all Existing Mezzanine Loan Documents.

  • Additionally, adoption of this ordinance may also require modification of other sections of your zoning code relating to permitted and conditionally permitted uses in related zoning districts.

  • This Agreement amends, restates and supersedes the Existing Mezzanine Loan Agreement in its entirety.


More Definitions of Existing Mezzanine Loan

Existing Mezzanine Loan means that certain mezzanine loan in the principal amount of $165,000,000.00 made on February 25, 2013 by German American Capital Corporation and Bank of America, N.A., as co-lenders, to WWP Mezz, and evidenced and secured by the Existing Mezzanine Loan Documents.
Sample 1
Existing Mezzanine Loan means the loan made by Lender to MPR Mezzanine Holdings S.E. in the original principal amount of $25,000,000.00.
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Existing Mezzanine Loan has the meaning assigned in the Recitals.
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Existing Mezzanine Loan means the existing promissory note, pledge and security agreements and loan agreement, each dated as of October 9, 2006, as amended, from Hersha Hospitality Limited Partnership in the original principal amount of Two Million Dollars ($2,000,000.00) secured by interests in 44 West Haven Hospitality, LLC.
Sample 1

Related to Existing Mezzanine Loan

  • Mezzanine Loan means a mezzanine loan secured by equity interests in the Mortgage Loan Borrower.

  • Mezzanine Loans means, collectively, the First Mezzanine Loan, the Second Mezzanine Loan, the Third Mezzanine Loan, the Fourth Mezzanine Loan, the Fifth Mezzanine Loan, the Sixth Mezzanine Loan, the Seventh Mezzanine Loan, the Eighth Mezzanine Loan, the Ninth Mezzanine Loan and any New Mezzanine Loan.

  • Mezzanine Loan Agreement means that certain Mezzanine Loan Agreement, dated as of the date hereof, between Mezzanine Borrower and Mezzanine Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Accelerated Mezzanine Loan A mezzanine loan (secured by a pledge of the direct (or indirect) equity interests in a Mortgagor under a Mortgage Loan or Loan Combination) if such mezzanine loan either (i) has been accelerated, or (ii) is the subject of foreclosure proceedings against the equity collateral pledged to secure that mezzanine loan.

  • Accelerated Mezzanine Loan Lender shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

  • Mezzanine Loan Documents means all documents or instruments evidencing, securing or guaranteeing the Mezzanine Loan, including without limitation, the Mezzanine Loan Agreement.

  • Mezzanine Lender shall have the meaning set forth in the first paragraph of this Agreement.

  • Existing Loan means the loan identified on Exhibit H.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Refinancing Loan shall have the meaning provided in Section 2.14(h)(i).

  • Mezzanine Borrower shall have the meaning set forth in Section 11.6 hereof.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Existing Loan Agreement has the meaning set forth in the recitals to this Agreement.

  • Refinancing Conditions the following conditions for Refinancing Debt: (a) it is in an aggregate principal amount that does not exceed the principal amount of the Debt being extended, renewed or refinanced; (b) it has a final maturity no sooner than, a weighted average life no less than, and an interest rate no greater than, the Debt being extended, renewed or refinanced; (c) it is subordinated to the Obligations at least to the same extent as the Debt being extended, renewed or refinanced; (d) the representations, covenants and defaults applicable to it are no less favorable to Borrowers than those applicable to the Debt being extended, renewed or refinanced; (e) no additional Lien is granted to secure it; (f) no additional Person is obligated on such Debt; and (g) upon giving effect to it, no Default or Event of Default exists.

  • Credit Agreement Refinancing Indebtedness means (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Priority Refinancing Debt or (c) Permitted Unsecured Refinancing Debt, in each case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace, repurchase, retire or refinance, in whole or part, existing Term Loans, or any then-existing Credit Agreement Refinancing Indebtedness (“Refinanced Debt”); provided that (i) such Indebtedness has a maturity no earlier, and a Weighted Average Life to Maturity equal to or greater, than 91 days after the Latest Maturity Date at the time such Indebtedness is incurred, (ii) such Indebtedness shall not have a greater principal amount (or accreted value, if applicable) than the principal amount (or accreted value, if applicable) of the Refinanced Debt plus accrued interest, fees, premiums (if any) and penalties thereon and reasonable fees and expenses associated with the refinancing, (iii) the terms and conditions of such Indebtedness (except as otherwise provided in clause (ii) above and with respect to pricing, rate floors, discounts, premiums and optional prepayment or redemption terms) are substantially identical to, or (taken as a whole) are no more favorable to the lenders or holders providing such Indebtedness, than those applicable to the Refinanced Debt being refinanced (except for covenants or other provisions applicable only to periods after the Latest Maturity Date at the time of incurrence of such Indebtedness) (provided that a certificate of a Responsible Officer delivered to the Agent at least five (5) Business Days prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the Parent Borrower has determined in good faith that such terms and conditions satisfy the requirement of this clause (iii) shall be conclusive evidence that such terms and conditions satisfy such requirement unless the Agent notifies the Parent Borrower within such five (5) Business Day period that it disagrees with such determination (including a description of the basis upon which it disagrees)), and (iv) such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged, and all accrued interest, fees, premiums (if any) and penalties in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued, incurred or obtained.

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Refinancing Date The date on which a Current Mortgage Loan or Mortgage Loan is refinanced by Seller or an affiliate thereof.

  • Refinancing Lender has the meaning set forth in Section 2.15(c).

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.

  • Refinancing Commitments shall have the meaning provided in Section 2.14(h).

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.