Examples of Mezzanine 2 Loan in a sentence
Pursuant to that certain Amended and Restated Mezzanine 2 Loan Agreement, dated as of March 10, 2011 (the “Closing Date”), by and between (i) Borrower and (ii) BRE/HH Acquisitions L.L.C. (“Prior Blackstone Lender”) and Barclays Capital Real Estate Finance Inc.
Borrower shall not permit the Sale or Pledge of all or a portion of the Mezzanine 2 Collateral and the related assumption of the applicable Mezzanine 2 Loan by any Person without the prior written consent of Lender, which consent may be given or withheld in Lender’s sole and absolute discretion.
This Agreement amends, restates and supersedes the Existing Mezzanine 2 Loan Agreement in its entirety.
For purposes of this Section 17.5, all references to this Agreement, the Pledge Agreement or any of the other Loan Documents shall be deemed to include the Existing Mezzanine 2 Loan Agreement, the Existing Pledge Agreement and each of the other Existing Loan Documents.
Effective as of the consummation of the transactions contemplated by this Agreement, one hundred percent (100%) of the membership interests in Borrower are owned by Mezzanine 2 Borrower, free and clear of all Liens (other than the Liens created by the Loan Documents and the Mezzanine 2 Loan Documents).
The quantity of research done on the potential of Demand Response has increased drastically over the last few years.
As of the date hereof, the outstanding principal balance of the Mezzanine 2 Loan is $137,794,870.00 (the Original Mezzanine 2 Loan, as the amount thereof may be increased or decreased from time to time after the date hereof, the “Mezzanine 2 Loan”).
Internal control over financial reporting Management of CFP I is responsible for establishing and maintaining effective internal control over financial reporting.
Last, all amounts remaining in the Mezzanine Deposit Account after deposits for items (i) through (iii) above shall be (A) in the event a Mezzanine 2 Loan Cash Sweep Trigger Event Period shall be continuing, transferred to Mezzanine 2 Lender (subject to Section 2.7.4) to be applied in accordance with the Mezzanine 2 Loan Documents, or (B) in the event no Mezzanine 2 Loan Cash Sweep Trigger Event Period shall be continuing, deposited into an account designated by Borrower.
The Mezzanine 2 Loan is not cross-defaulted with any loan other than the Senior Loan and the Mezzanine 1 Loan.