Common use of Approved Management Agreements Clause in Contracts

Approved Management Agreements. The only management agreements burdening the Initial Properties (excluding the Permitted Non- Eligible Properties) are the Approved Management Agreements set forth on Schedule 4.22 attached hereto. To the knowledge of the Borrower, the Approved Participating Lessee for a Hotel Property subject to a Approved Management Agreement is a party to such Approved Management Agreement and no consent is necessary to such Person being the owner under such Approved Management Agreement which has not already been obtained. To the knowledge of the Borrower, the Approved Management Agreements are in full force and effect and no material defaults by the Approved Participating Lessee exist thereunder.

Approved Management Agreements. The only management agreements burdening the Initial Properties (excluding the Permitted Non- Non-Eligible Properties) are the Approved Management Agreements set forth on Schedule 4.22 4.21 attached hereto. To the knowledge of the Borrower, the Approved Participating Lessee for a Hotel Property subject to a Approved Management Agreement is a party to such Approved Management Agreement and no consent is necessary to such Person being the owner under such Approved Management Agreement which has not already been obtained. To the knowledge of the Borrower, the Approved Management Agreements are in full force and effect and no material defaults by the Approved Participating Lessee exist thereunder.

Approved Management Agreements. The only management ------------------------------ agreements burdening the Initial Properties (excluding the Permitted Non- Non-Eligible Properties) are the Approved Management Agreements set forth on Schedule 4.22 4.21 attached hereto. To the knowledge of the Borrower, the Approved Participating Lessee for a Hotel Property subject to a Approved Management Agreement is a party to such Approved Management Agreement and no consent is necessary to such Person being the owner under such Approved Management Agreement which has not already been obtained. To the knowledge of the Borrower, the Approved Management Agreements are in full force and effect and no material defaults by the Approved Participating Lessee exist thereunder.

Approved Management Agreements. The only management agreements burdening the Initial Properties (excluding the Permitted Non- Eligible Properties) are the Approved Management Agreements set forth on Schedule 4.22 4.21 attached hereto. To the knowledge of the Borrower, the Approved Participating Lessee for a Hotel Property subject to a Approved Management Agreement is a party to such Approved Management Agreement and no consent is necessary to such Person being the owner under such Approved Management Agreement which has not already been obtained. To the knowledge of the Borrower, the Approved Management Agreements are in full force and effect and no material defaults by the Approved Participating Lessee exist thereunder.