Mezzanine Account definition

Mezzanine Account shall have the meaning set forth in Section 3.1.1.

Mezzanine Account means the First Mezzanine Account, Second Mezzanine Account, Third Mezzanine Account, and/or Fourth Mezzanine Account, or all such accounts collectively, as the context may require.

Mezzanine Account means, as applicable, (a) with respect to the Original Mezzanine Loan, the Original Mezzanine Account and (b) with respect to the Approved Mezzanine Loan, from and after the Approved Mezzanine Closing Date, the Approved Mezzanine Account.

Examples of Mezzanine Account in a sentence

• Any cost and expenses due and payable to Mezzanine Lender may be paid from any amounts in the Mezzanine Account.

• Without limiting the Mezzanine Borrower’s obligations under the immediately preceding sentence, Mezzanine Borrower shall only establish and maintain the Mezzanine Account with a financial institution that has executed an agreement substantially in the form of the Mezzanine Account Agreement or in such other form acceptable to Mezzanine Lender in its sole discretion.

• The Mezzanine Account and the funds deposited therein shall serve as additional security for the Loan.

• Mezzanine Borrower agrees that, prior to the payment in full of the Indebtedness, the terms and conditions of the Mezzanine Account Agreement shall not be amended or modified in all material respect without the prior written consent of Mezzanine Lender (which consent Mezzanine Lender may grant or withhold in its sole discretion).

• Mezzanine Lender shall have received the original of the Mezzanine Account Agreement executed by each of Cash Management Bank and Mezzanine Borrower.

More Definitions of Mezzanine Account

Mezzanine Account means account number 724043.1 at LaSalle Bank National Association.

Mezzanine Account means a "deposit account" (as such term is defined in Section 9-102(a)(29) of the UCC), if and when established with the Cash Management Bank for the benefit of any Mezzanine Lender for the collection of Excess Cash Flow.

Mezzanine Account means such account as Mezzanine Lender may from time to time designate by written notice to Lender.

Mezzanine Account shall have the meaning set forth in the Mezzanine Cash Management Agreement.

Mezzanine Account means the bank account into which Lender will deposit amounts payable by Mezzanine Borrower to Mezzanine Lender hereunder, pursuant to a written notice delivered by Mezzanine Lender to Lender, which Mezzanine Account may be changed by Mezzanine Lender from time to time by delivering written instructions to Lender containing the wiring instructions for the new Mezzanine Account, provided, that, any such notice shall be delivered to Lender at least five (5) Business Days prior to the first Payment Date in which Mezzanine Lender requests Mezzanine Debt Service to be deposited into the new Mezzanine Account.

Mezzanine Account means an account of Lender designated by Lender into which all payments made to Lender pursuant to Section 3.12 of the Senior Loan Agreement shall be deposited.

Mezzanine Account means the “Deposit Account” as defined in the Mezzanine Loan Agreement.