First Mezzanine Loan definition

First Mezzanine Loan shall have the meaning set forth in the Recitals.

First Mezzanine Loan means a $200,000,000 mezzanine loan, comprised of (x) that certain $150,000,000 mezzanine loan, made by First Mezzanine Lender to First Mezzanine Borrower and (y) the assumption by First Mezzanine Borrower pursuant to the First Mezzanine Loan Documents of $50,000,000 in principal amount initially borrowed by Mortgage Borrower.

First Mezzanine Loan means that certain loan made by the First Mezzanine Lenders to First Mezzanine Borrower as of the Original Closing Date. When made, the First Mezzanine Loan was in the original principal amount of Three Hundred Million and No/100 Dollars ($300,000,000). As of the date hereof, the First Mezzanine Loan is in the outstanding principal amount of Two Hundred Ninety Million Ten Thousand and no/100 Dollars ($290,010,000). The First Mezzanine Loan is evidenced and/or secured by the First Mezzanine Loan Agreement and the First Mezzanine Loan Documents.

Examples of First Mezzanine Loan in a sentence

• So long as no Event of Default shall have occurred and be continuing under the First Mezzanine Loan Documents, subject to the cure rights of the Junior Lenders hereunder, all funds held and applied pursuant to the First Mezzanine Cash Management Agreement and First Mezzanine Loan Agreement, shall continue to be applied pursuant thereto in the manner required thereunder prior to the occurrence of an Event of Default under the First Mezzanine Loan Documents.

• The Purchase Option is not effective or exercisable until both the Mortgage Loan and the First Mezzanine Loan have been paid in full.

• If the Mezzanine Borrower requires the Final Mezzanine Loan Repayment Date to be extended pursuant to the First Mezzanine Loan Extension Option, the Second Mezzanine Loan Extension Option or the Third Mezzanine Loan Extension Option, it is a condition of any such extension that hedging is put in place that satisfies the required hedging conditions under the Mezzanine Facility Agreement.

• Having located firms, universities, and land-grant colleges, I calculate the geographic “as the crow flies” distance between all firms and all universities, as well as between all firms and all land-grant colleges.

• After receiving it, however, the buyer no longer needs the provider.

More Definitions of First Mezzanine Loan

First Mezzanine Loan means that certain $65,000,000 mezzanine loan, made as of the date hereof, from First Mezzanine Lender to the First Mezzanine Borrower.

First Mezzanine Loan means that certain loan in the original principal amount of $111,000,000 made by German American Capital Corporation, as the original First Mezzanine Lender, to WNT Mezz I, LLC, a Delaware limited liability company, which is the predecessor-in-interest to the First Mezzanine Borrower.

First Mezzanine Loan. DOCUMENTS shall mean the "Loan Documents (First Mezzanine)" as defined in the First Mezzanine Loan Agreement.

First Mezzanine Loan has the meaning ascribed to such term in the Recitals hereof.

First Mezzanine Loan means that certain loan in the original principal amount of Three Hundred Million and No/100 Dollars ($300,000,000) of even date herewith made by First Mezzanine Lender to First Mezzanine Borrower.

First Mezzanine Loan means that certain Twenty-Five Million Dollar ($25,000,000.00) mezzanine loan made by First Mezzanine Lender to 415 Greenwich Senior Mezzanine Owner, LLC, which is (i) secured by a pledge of 415 Greenwich Senior Mezzanine Owner, LLC’s interest in the fee owner of the underlying real estate, and, (ii) wholly owned by the debtor under the Purchased Security Documents.

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