Common use of Annual Meetings with Lenders Clause in Contracts

Annual Meetings with Lenders. At the request of the Administrative Agent or the Required Lenders, the U.S. Borrower shall, at least once during each fiscal year (other than during the fiscal year in effect on the Effective Date) of the U.S. Borrower, hold a meeting (at a mutually agreeable location and time) with all of the Lenders at which meeting the financial results of the previous fiscal year and the financial condition of the U.S. Borrower and its Subsidiaries and the budgets presented for the current fiscal year of the U.S. Borrower and its Subsidiaries shall be reviewed, with each Lender bearing its own travel, lodging, food and other costs associated with attending any such meeting.

Appears in 5 contracts

Samples: Credit Agreement (Host Marriott Corp/), Credit Agreement (Host Marriott L P), Management Agreement (Host Hotels & Resorts, Inc.)

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