Aggregate Principal Indebtedness definition
Examples of Aggregate Principal Indebtedness in a sentence
It is the ------------------------------------------- intent of the parties hereto that on the Stabilization Date Payment Date the Principal Indebtedness shall be rolled up into the First Mortgage Loan, the First Mortgage Loan Documents amended to reflect such rollup and the recorded Mezzanine Loan Documents released such that there is one loan to the Borrower in Aggregate Principal Indebtedness, as reduced or increased pursuant to the terms of Section 8.32 of the First Mortgage Loan Agreement.
The parties hereto intend that the Mezzanine Loan shall be rolled up into the Loan on the Stabilization Date Payment Date, the Loan Documents amended to reflect such rollup and the recorded Mezzanine Loan Documents released such that there is one loan to the Borrower in the amount of the Aggregate Principal Indebtedness, as reduced or increased pursuant to the terms of this Section.