Examples of Mezzanine 1 Borrower in a sentence
The Company is not party to any contract other than the Mezzanine Loan Documents, the Management Agreement, the limited liability company agreement of the Mezzanine 1 Borrower and the limited liability company agreement of the Mezzanine 2 Borrower.
The term “Mezzanine 1 Borrower” as used herein (including within the definition of “Borrower Party”, as applicable) shall include any new or successor corporation, association, partnership (general or limited), joint venture, trust or other individual or organization formed as a result of any merger, reorganization, sale, transfer, devise, gift or bequest of Mezzanine 1 Borrower.
The Guarantor Claims shall include all rights and claims of Guarantor against any Individual Borrower, any Mezzanine 1 Borrower, any Mortgage Loan Borrower, any Maryland Owner and/or any other Restricted Party (arising as a result of subrogation or otherwise) as a result of Guarantor’s payment of all or a portion of the Guaranteed Obligations.
Borrower is the legal and beneficial owner of all of the limited liability company interests in Original Mezzanine 1 Borrower.
Neither Borrower, nor Mezzanine 1 Borrower, nor Mortgage Loan Borrower nor Maryland Owner is in default in any material respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any material agreement or instrument to which it is a party or by which any Borrower, Mezzanine 1 Borrower, Mortgage Loan Borrower, Maryland Owner, the Senior Mezzanine Collateral, the Collateral, or any Individual Property is bound.
Providers submit an application for enrollment, indicating their provider type and specialty, to the provider enrollment specialist in the Medical Services Division.
Any transfer of Borrower’s funds from the Cash Management Account or other sources to or for the benefit of a Mezzanine Lender or a Mezzanine Borrower pursuant to this Agreement, the Cash Management Agreement or any of the other Loan Documents is intended by the parties to constitute, and shall constitute, a distribution from Borrower to Mezzanine 1 Borrower and from Mezzanine 1 Borrower to Mezzanine 2 Borrower, as applicable, and shall be recorded as such on the books and records of each party.
The Company is not party to any contract other than the Mezzanine Loan Documents, the Management Agreement, thelimited liability company agreement of the Mezzanine 1 Borrower and the limited liability company agreement of the Mezzanine 2 Borrower.
Lender may, but shall not be obligated to make proof of loss if not made promptly by Borrower, subject to the rights and obligations of (i) Mortgage Loan Lender and Mortgage Loan Borrower or Maryland Owner under the related Mortgage Loan Documents and (ii) Mezzanine 1 Lender and Mezzanine 1 Borrower under the related Mezzanine 1 Loan Documents.
Borrower shall not permit any Mezzanine 1 Borrower to cancel or otherwise forgive or release any claim or debt (other than termination of Leases in accordance herewith) owed to such Mezzanine 1 Borrower by any Person, except for adequate consideration and in the ordinary course of such Mezzanine 1 Borrower’s business.