Junior Mezzanine Loan definition

Junior Mezzanine Loan means that certain loan made as of the date hereof by Junior Mezzanine Lender to Junior Mezzanine Borrower in the original principal amount of Forty Million and No/100 Dollars ($40,000,000.00), and collectively evidenced by the Junior Mezzanine Note.

Junior Mezzanine Loan means that certain loan made by Junior Mezzanine Lender to Junior Mezzanine Borrower on the date hereof pursuant to the Junior Mezzanine Loan Agreement, as the same may be amended or split pursuant to the terms of the Junior Mezzanine Loan Documents.

Junior Mezzanine Loan means the Fourth Mezzanine Loan.

Examples of Junior Mezzanine Loan in a sentence

• Disbursements from the Senior Mezzanine Loan Subaccount and Junior Mezzanine Loan Subaccount will be made in accordance with the terms and conditions of the Cash Management Agreement.

• The Junior Mezzanine Lenders shall have received all deliveries required under Section 2.3.5 of the Junior Mezzanine Loan Agreements, including, but not limited to, insurance certificates naming Junior Mezzanine Lenders with respect to the Substitute Property, a copy of the owner’s title insurance policy and related mezzanine endorsement (if available in such State) and copies of the Substitution Due Diligence Package and all final deliveries to Mortgage Lender under this Section 2.3.5.

• Borrower shall direct, or cause Mortgage Borrower to direct, that all cash distributions from the Cash Management Account be paid to Lender in accordance with the Cash Management Agreement (including the Net Liquidation Proceeds After Debt Service) and be deposited into the Senior Mezzanine Loan Subaccount and Junior Mezzanine Loan Subaccount maintained in accordance with the Cash Management Agreement.

• Principal owns and will own one hundred percent (100%) of the ownership interests in Borrower, and Principal has not transferred, conveyed, pledged or encumbered (and will not transfer, convey, pledge or encumber) such interests except as expressly permitted pursuant to the Junior Mezzanine Loan or otherwise with the prior written consent of Lender.

• Lender, Senior Mezzanine Lender and Junior Mezzanine Lender are parties to a certain intercreditor agreement dated as of the date hereof (the “Intercreditor Agreement”) memorializing their relative rights and obligations with respect to the Loan, the Senior Mezzanine Loan, the Junior Mezzanine Loan, Borrower, Senior Mezzanine Borrower, Junior Mezzanine Borrower and the Properties.

More Definitions of Junior Mezzanine Loan

Junior Mezzanine Loan. DOCUMENTS shall mean, collectively, the Junior Mezzanine Loan Agreement, the Junior Mezzanine Notes, and all other "Mezzanine Loan Documents" as defined in each Junior Mezzanine Loan Agreement.

Junior Mezzanine Loan shall have the meaning set forth in the fifth recital paragraph hereto.

Junior Mezzanine Loan. AGREEMENT shall mean the Fourth Mezzanine Loan Agreement, and/or, if the Fifth Mezzanine Loan is funded by Fifth Mezzanine Lender on or before the Outside Date, the Fifth Mezzanine Loan Agreement, as the context may require.

Junior Mezzanine Loan means a loan to Junior Mezzanine Borrower in the original principal amount of at least $22,500,000 (inclusive of the sum of $16,500,000.00, which has been funded as of the date hereof), made pursuant to that certain Mezzanine Loan Agreement dated as of the date hereof by and between Junior Mezzanine Borrower, as borrower, and Junior Mezzanine Lender, as lender; it being agreed that, at the election of the Junior Mezzanine Borrower and the Junior Mezzanine Lender, the amount of the Junior Mezzanine Loan may be increased from time to time as necessary to pay the costs of the Building Conversion and to fund Debt Service and other payments due under the Loan Documents and the Mortgage Loan Documents).

Junior Mezzanine Loan shall have the meaning set forth in Section 5.2.13(e) hereof.

Junior Mezzanine Loan has the meaning ascribed to such term in the Recitals hereto.

Junior Mezzanine Loan means that certain loan in the original principal amount of $20,000,000 made by Bank of America, N.A. to Maguire Properties - 555 W. Fifth Junior Mezzanine, LLC and Maguire Xxxxxxxies - 808 S. Olive Junior Mezzanine, LLC, each a Delaxxxx xxmited liability company, pursuant to that certain Junior Mezzanine Loan Agreement dated as of the date hereof.