Mezzanine Indebtedness definition

Mezzanine Indebtedness means Indebtedness of the Borrowers or any of their Subsidiaries secured by a pledge of one or more equity interests in a Single Purpose Entity owning only one real property asset, where such real property asset is prohibited from being further encumbered.

Mezzanine Indebtedness means Financial Indebtedness incurred or to be incurred by the Borrower:

Mezzanine Indebtedness. Indebtedness for borrowed money from a financial institution or fund which (i) is unsecured, (ii) does not provide for the payment in cash of principal or interest prior to the date that is 30 days after the Term Loan Maturity Date, (iii) has a maturity date at least 30 days after the Term Loan Maturity Date, (iv) contains covenants no more restrictive than those hereunder or under any of the other Loan Documents, and (v) is subordinated to the Obligations hereunder either by virtue of its place in the capital structure of Borrower and its Affiliates or, if an obligation of Borrower, by a subordination agreement in form and substance reasonably acceptable to Lenders.

Examples of Mezzanine Indebtedness in a sentence

• The Members hereby recognize and acknowledge that CNL is executing and delivering an Ownership Pledge, Assignment and Security Agreement to Xxxxxxx Xxxxx as agent for the Mezzanine Lender as additional collateral for the Mezzanine Indebtedness (the “Mezzanine Assignment”), which Mezzanine Assignment, among other things, grants a security interest in all of CNL’s Interest.

• See also the Ministry of Urban Development and Housing National Report, supra note 3; Urban Lands Lease Holding Proclamation No.721/2011, Art.

• With the Approval of the Members, and Xxxxxxx Xxxxx or its successor as agent for the Mezzanine Lender so long as any Mezzanine Indebtedness remains outstanding, any Person may be admitted to the Company as an additional Member upon making such contributions to the capital of the Company in exchange for such Percentage Interests as may be Approved by the Members.

• The date on which such Redemption Event occurs is referred to as the "Redemption Event Trigger Date." A "Redemption Event" shall mean, with respect to the shares of Series A Preferred Stock elected to be purchased by the Purchasers, (i) any Liquidity Event, or (ii) a date subsequent to the December 17, 2007 if the Bank Indebtedness and the Mezzanine Indebtedness have been paid in full on or before such date.

• Until the Mezzanine Indebtedness is paid in full, the consent of Xxxxxxx Xxxxx or its successor as agent for the Mezzanine Lender to any amendment of this Agreement shall be required, which consent by Xxxxxxx Xxxxx shall not be unreasonably withheld if the rights of Mezzanine Lender will not be materially or adversely affected by such amendment.

More Definitions of Mezzanine Indebtedness

Mezzanine Indebtedness means principal of, and prepayment fees and premiums, if any, and interest on and all other monetary obligations of every kind or nature (including fees, indemnities and expenses) due on or in connection with any Company Loan, whether outstanding on the date of this Agreement or thereafter created, incurred or assumed and, in each case, secured by a Lien on the Equity Interests of the Company or any Subsidiary thereof.

Mezzanine Indebtedness shall have the meaning given to such term in Section 9.4 hereof. Back to Table of Contents

Mezzanine Indebtedness means all indebtedness and obligations now or hereafter owing to Mezzanine Lender by Borrower under the Mezzanine Loan Documents.

Mezzanine Indebtedness means any and all amounts payable by any of the Companies under or in respect of the Mezzanine Facility, as amended from time to time, including principal, premium (if any), interest (including interest accruing on or after the filing of any Insolvency Proceedings relating to TWUK whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees and all other amounts payable thereunder or in respect thereof.

Mezzanine Indebtedness. Mezzanine Indebtedness Loan Documents", and "Second Mezzanine Lender" set forth in the Loan Agreement hereby are deleted in its entirety, and all references to the "First Mezzanine Lender", "Mezzanine Indebtedness", "Mezzanine Indebtedness Loan Documents", and "Second Mezzanine Lender" in the Loan Agreement and the other Loan Documents hereby are omitted; (b) The definitions of the "Junior Mortgages", the "Second Mortgage" and the "Third Mortgage" set forth in the Mortgage hereby are deleted in their entirety, and all references to the "Junior Mortgages", the "Second Mortgage" and the "Third Mortgage" in the Mortgage and the other Loan Documents hereby are omitted; (c) All references in the Loan Documents to the "Borrower" shall be to the Borrower as herein defined; (d) Section 8(w) is renumbered as Section 8(x) and the following text is added to Section 8, as new item (w): "(w) Borrower has, and at all times will maintain one independent director; and"; and (e) All references to any of the Loan Documents in any of the other Loan Documents shall be deemed to apply to such Loan Document as herein amended. Except as specifically set forth herein, each of the terms, conditions, representations and warranties of the Note and the other Loan Documents (including without limitation the Mortgage, the Assignment of Leases and Rents, and the Environmental Indemnification Agreement (as such terms are defined in the Loan Agreement)) shall remain unmodified and in full force and effect, and hereby are expressly reaffirmed by Borrower (with time remaining of the essence thereunder and hereunder). Without limiting the foregoing, Borrower expressly acknowledges and agrees that Borrower shall have no right to consent, create, incur or assume any Indebtedness other than the Loan and as otherwise permitted in Sections 4.4(a)(ii) through 4.4(a)(iv) of the Loan Agreement, nor shall Borrower consent, create, incur or assume any Indebtedness in violation of Section 8.1(h) of the Loan Agreement or of any other provision of the Loan Documents (as herein amended).

Mezzanine Indebtedness has the meaning contained in the Subscription Agreement;

Mezzanine Indebtedness means any and all amounts payable by TW UK under or in respect of the Mezzanine Facility, as amended from time to time, including principal, premium (if any), interest (including interest accruing on or after the filing of any Insolvency Proceedings relating to TW UK whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees and all other amounts payable thereunder or in respect thereof.