Examples of Mezzanine Debt Service in a sentence
In the event that a permitted Mezzanine Financing under Section 2.15 has occurred, at or before 12:00 noon, New York City time, on each Payment Date during the term of the Loan, Lender shall transfer to Mezzanine Lender’s account from the Mezzanine Debt Service Payment Sub-Account an amount equal to the Mezzanine Debt Service for the applicable payment date.
In the event that a permitted Mezzanine Financing under Section 2.15 has occurred, at or before 12:00 noon, New York City time, on each Payment Date during the term of the Loan, Lender shall transfer to Mezzanine Lender's account from the Mezzanine Debt Service Payment Sub-Account an amount equal to the Mezzanine Debt Service for the applicable payment date.
Lender shall withdraw funds from the Mezzanine Loan Account to pay the Monthly Mezzanine Debt Service Payment Amount by the date and time when due, together with any late payment charges or interest accruing pursuant to the Mezzanine Loan Documents.
Lender agrees that it shall provide to Senior Lender, a “Mezzanine Lender Monthly Debt Service Notice Letter” at least five (5) Business Days prior to each Payment Date setting forth the amount of the Mezzanine Debt Service payable by Borrowers on the first Payment Date occurring after the date such notice is delivered.
Disbursements from the Mezzanine Debt Service Account will be made in accordance with the terms and conditions of the Mezzanine Cash Management Agreement.