Examples of Mezzanine B Loan in a sentence
Certain prepetition accrued interest payments related to the Mezzanine C Loan, the Mezzanine B Loan, and the Mezzanine A Loan (each as defined in the Cash Collateral Motion) were paid without the authorization of the Debtors on November 1, 2021, for which the Debtors intend to pursue any and all remedies in law and equity for the turnover of such payments.
As a condition precedent to the obligation of Lender to make the Loan to Borrower, Borrower has entered into that certain Pledge and Security Agreement (Mezzanine B Loan) dated as of the date hereof, in favor of Lender (as amended, supplemented or otherwise modified from time to time, the “Pledge Agreement”), pursuant to which Borrower has granted to Lender a first priority security interest in the Collateral (as hereinafter defined) as collateral security for the Debt (as hereinafter defined).
Also on May 19, 2009, the lenders (“Mezzanine B Lenders”) under the mezzanine B loan (“Mezzanine B Loan”) declared an event of default because a Debtor borrower had failed to maintain its special purpose entity status by failing to pay, within the permissible time period prescribed in the Mezzanine B Loan, approximately $3.5 million in trade payables (“Trade Payables Default”).
On a monthly basis, however, Rogers signed certificates certifying that the representations and warranties of the borrower under the Mezzanine B Loan (and all of the other Mezzanine Loans and the mortgage loan) were true and correct as of the date of the certificate.
Walsh, Director of Community Design, Parks Planning and Development, Planning, Design and Development, to the Downtown and Queen Street Corridor Advisory Committee Meeting of February 17, 2009, re: Summary of Planning Initiatives in the Downtown and Queen Street Corridor (File G25DQ) be received; and, 3.That staff be directed to report back on the organization and timelines for a workshop on the AcceleRide Program for Council, business and property owners, residents and other stakeholders as appropriate.