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 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.

Examples of Mezzanine Indebtedness in a sentence

• There are no agreements, documents or other instruments evidencing or securing the Existing Mezzanine Indebtedness, other than Mezzanine Loan Documents, true, correct and complete copies of which have been delivered by Transferor to SLGOP.

• The security interest granted for the benefit of the holders of the Offered Class D Notes will be subordinate to the security interest held with respect to the Senior Obligations, the Second Senior Indebtedness and the Mezzanine Indebtedness and will rank pari passu with the security interest held for the benefit of other Junior Indebtedness.

• Transferor will not (y) modify or amend any term, covenant, provision or agreement contained in any Mezzanine Loan Document or enter into any new agreement in respect of the Existing Mezzanine Indebtedness without the prior consent of SLGOP, which consent may be withheld in SLGOP'ssole discretion or (z) make any prepayment of the Existing Mortgage Indebtedness other than regularly scheduled payments required under the Mezzanine Loan Documents.

• Transferor shall make all regular monthly payments of principal and interest in respect of the Existing Mezzanine Indebtedness, andshall perform, observe and comply with all other monetary and non-monetary obligations under the Transferor Pledge and all other Mezzanine Loan Documents such that prior to the Closing no default beyond applicable grace and notice periods shall occur.

• The security interest granted for the benefit of the holders of the Offered Class C Notes will be subordinate to the security interest held with respect to the Senior Obligations and the Second Senior Indebtedness and will rank pari passu with the security interest held for the benefit of other Mezzanine Indebtedness.

More Definitions of Mezzanine Indebtedness

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.

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

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.

Mezzanine Indebtedness the Indebtedness of the Borrowers under the Mezzanine Loan Documents.

Mezzanine Indebtedness means indebtedness described on Schedule D hereof.

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).