Examples of Fourth Mezzanine Borrower in a sentence
If required by the Rating Agencies, delivery of original updated organizational documents of the Mortgage Borrower, Mezzanine Borrower, Second Mezzanine Borrower, Third Mezzanine Borrower, Fourth Mezzanine Borrower, HoldCo, Master Lessee and Guarantor, including, but not limited to a current certificate of good standing.
The failure of the Fourth Mezzanine Borrower to make any payment as and when due under the Fourth Mezzanine Loan Agreement, which failure is not cured or curable by Borrower in accordance with the terms of the Participation Agreement (it being understood that if Borrower no longer has the right to cure Fourth Mezzanine Borrower's failure to make any payment pursuant to the terms of the Participation Agreement, then an Event of Default shall occur under this Agreement).
The proceeds of the Loan will be used by Borrower to purchase a ninety nine percent (99.0%) participation interest in Lender's rights and interest in and to the Fourth Mezzanine Loan ("Participation Interest") pursuant to the Participation Agreement, which mezzanine loan is secured by a pledge of certain membership interest by Fourth Mezzanine Borrower.