Common use of Ashford Credit Agreement Clause in Contracts

Ashford Credit Agreement. Borrower has provided to Lender a true and complete copy of the Ashford Credit Agreement, together with all amendments or modifications thereto. No default or Event of Default (as defined in the Ashford Credit Agreement) has occurred and is continuing under the Ashford Credit Facility Loan Documents, and the execution and delivery by Ashford Sponsor of the Guaranty, the execution and delivery by Borrower of the Loan Documents, will not constitute a default or Event of Default (as defined in the Ashford Credit Agreement) under the Ashford Credit Facility Loan Documents. The exercise by Lender of its remedies under the Loan Documents, including any foreclosure (or assignment in lieu thereof) by Lender on its interests in the Collateral, will not cause a default or Event of Default (as defined in the Ashford Credit Agreement) under the Ashford Credit Facility Loan Documents. The Ashford Credit Facility Loan Documents, contain no pledge or encumbrance of any assets or interests of any Borrower Party.

Ashford Credit Agreement. Borrower has provided to Lender a true and complete copy of the Ashford Credit Agreement, together with all amendments or modifications thereto. No default or Event of Default (as defined in the Ashford Credit Agreement) has occurred and is continuing under the Ashford Credit Facility Loan Documents, and the execution and delivery by Ashford Sponsor of the Guaranty, the execution and delivery by Borrower of the Loan Documents, Documents will not constitute a default or Event of Default (as defined in the Ashford Credit Agreement) under the Ashford Credit Facility Loan Documents. The exercise by Lender of its remedies under the Loan Documents, including any foreclosure (or assignment in lieu thereof) by Lender on its interests in the Collateral, will not cause a default or Event of Default (as defined in the Ashford Credit Agreement) under the Ashford Credit Facility Loan Documents. The Ashford Credit Facility Loan Documents, contain no pledge or encumbrance of any assets or interests of any Borrower Party.

Ashford Credit Agreement. Borrower has provided to Lender a true and complete copy of the Ashford Credit Agreement, together with all amendments or modifications thereto. No default or Event of Default (as defined in the Ashford Credit Agreement) has occurred and is continuing under the Ashford Credit Facility Loan Documents, and the execution and delivery by Ashford Sponsor of the Guaranty, Guaranty and the execution and delivery by Borrower of the Loan Documents, Documents will not constitute a default or Event of Default (as defined in the Ashford Credit Agreement) under the Ashford Credit Facility Loan Documents. The exercise by Lender of its remedies under the Loan Documents, including any foreclosure (or assignment in lieu thereof) by Lender on its interests in the Collateral, will not cause a default or Event of Default (as defined in the Ashford Credit Agreement) under the Ashford Credit Facility Loan Documents. The Ashford Credit Facility Loan Documents, Documents contain no pledge or encumbrance of any assets or interests of any Borrower Party.

Ashford Credit Agreement. Borrower has provided to Lender a true and complete copy of the Ashford Credit Agreement, together with all amendments or modifications thereto. No default or Event of Default (as defined in the Ashford Credit Agreement) has occurred and is continuing under the Ashford Credit Facility Loan Documents, Documents and the execution and delivery by Ashford Sponsor of the Guaranty, Guaranty the execution and delivery by Borrower of the Loan Documents, Documents will not constitute a default or Event of Default (as defined in the Ashford Credit Agreement) under the Ashford Credit Facility Loan Documents. The exercise by Lender of its remedies under the Loan Documents, including any foreclosure (or assignment in lieu thereof) by Lender on its interests in the Collateral, will not cause a default or Event of Default (as defined in the Ashford Credit Agreement) under the Ashford Credit Facility Loan Documents. The Ashford Credit Facility Loan Documents, Documents contain no pledge or encumbrance of any assets or interests of any Borrower Party.