Examples of First Mezzanine Loan Agreement 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.
After receiving it, however, the buyer no longer needs the provider.
The representations and warranties made by the First Mezzanine Borrower in Article IV of the First Mezzanine Loan Agreement are true and correct as of the Closing Date and such representations and warranties are hereby incorporated by reference as if fully set forth herein for the benefit of Lender.
Each Borrower shall comply with Section 5.1(s) hereof and shall cause the First Mezzanine Borrowers to observe the covenants set forth in Section 5.1(s) of the First Mezzanine Loan Agreement and cause the Property Owners to observe the covenants set forth in Section 5.1(s) of the Senior Loan Agreement.
Mezz I Loan Agreement” means that certain First Mezzanine Loan Agreement dated as of July 27, 2006 between Mezz I, as borrower, and Wachovia Bank, National Association, as lender.
Lender shall have received confirmation that First Mezzanine Lender is prepared to fund its pro rata percentage of the applicable related Advance in accordance with the conditions contained in Section 2.8.3 of the First Mezzanine Loan Agreement.
Lender shall have received confirmation that First Mezzanine Lender is prepared to fund its pro rata percentage of the applicable related Advance in accordance with the conditions contained in Section 2.8.1 of the First Mezzanine Loan Agreement.
Borrower hereby agrees that the Original First Mezzanine Loan Agreement is hereby amended and restated in its entirety, so that all of the terms and conditions contained in this Agreement shall supersede, replace and control the terms and conditions of the Original First Mezzanine Loan Agreement, it being understood and agreed that the execution of this Agreement shall not impair the liens of any of the Loan Documents.
Upon payment in full of the Debt (including, without limitation, the Exit Fee), Lender’s sole obligation under this Section 2.4.3 shall be to disburse any remaining funds described herein and then held by Lender to the First Mezzanine Lender for application in accordance with the terms of the First Mezzanine Loan Agreement.
If any prepayment (other than a Directed Paydown) of all or any portion of the Senior Loan or the First Mezzanine Loan pursuant to Section 2.4.2 of each of the Senior Loan Agreement and the First Mezzanine Loan Agreement, respectively, is made and no Prepayment of the Loan in an amount equal to the Required Mezzanine Loan Prepayment Amount is made simultaneously therewith pursuant to Section 2.4.2 hereof.