Mezz Debt definition

Mezz Debt means a mezzanine loan in the principal amount of Twelve Million Seven Hundred Fifty Thousand and No/100 Dollars ($12,750,000) extended by the Mezz Lenders to the Parent pursuant to the Mezz Loan Documentation.
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Mezz Debt means a mezzanine loan in the principal amount of Twelve Million Seven Hundred Fifty Thousand and No/ 100 Dollars ($12,750,000) extended by the Mezz Lenders to the Parent pursuant to the Mezz Loan Documentation.
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Mezz Debt means all indebtedness owing by the Corporation to Woodbridge Investments pursuant to the Mezz Debt Agreements, together with all of the rights of Woodbridge Investments under the Mezz Debt Agreements.
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Examples of Mezz Debt in a sentence

  • From and after the completion of the sale and purchase of Purchased Shares and the Mezz Debt herein contemplated, the rights of indemnity set forth in this Article 7 are the sole and exclusive remedies of each party in respect of any inaccuracy or misrepresentation in any representation or warranty, or breach of covenant or other obligation by another party under this Agreement.

  • The aggregate principal amount of the Existing Mezz Debt which is outstanding under the Loan Documents is $48,000,000.

  • The G▇▇▇ SLG Transferors covenant and agree that the Existing Mezz Debt shall be satisfied in full at or prior to Closing and that such documents as are necessary to effect the release of all liens and encumbrances on the membership interests in any Owner (other than any such lien and encumbrances granted in connection with the New Financing) shall be presented at Closing.

  • The making of any such payment in violation of the Mezz Debt Subordination Agreement shall constitute an Event of Default under the Credit Agreement without the benefit of any notice or grace period and shall automatically terminate the Forbearance Period.

  • Except as required by law or the requirements of any applicable stock exchange, no public announcement or press release concerning the sale and purchase of the Purchased Shares and the Mezz Debt may be made by the Vendors, the Purchaser or the Corporation without the prior consent and joint approval of the Vendors and the Purchaser, each acting reasonably.

  • Concurrently with the funding of the Loan, Parent shall have received the Mezz Debt.

  • Mezz Debt Up to $65.0MM of secured Mezz Debt shall be made available to the Borrower by the Mezzanine Lenders.

  • The Parent shall have received the Mezz Debt on terms satisfactory to the Agent.

  • The Credit Parties hereby acknowledge and confirm their obligations under the Mezz Debt Subordination Agreement, including their agreement thereunder not to make payments on the Mezzanine Subordinated Note Documents unless such payments are permitted under the Mezz Debt Subordination Agreement.

  • The sale and purchase of the Purchased Shares and the Mezz Debt will be completed at the Time of Closing at the offices of ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇, Suite 5300, Toronto Dominion ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇.