Bankruptcy Related Covenants. To the extent permitted by applicable Legal Requirements, neither Borrower nor Leasehold Pledgor shall seek substantive consolidation into the bankrupt estate of any Guarantor in connection with a proceeding under the Bankruptcy Code or under federal, state or foreign insolvency law involving any Guarantor.
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (Hospitality Investors Trust, Inc.), Mezzanine Loan Agreement (Hospitality Investors Trust, Inc.)
Bankruptcy Related Covenants. To the extent permitted by applicable Legal Requirements, neither Borrower nor Leasehold Pledgor shall, nor shall Borrower or Leasehold Pledgor cause or permit any other Loan Party to, seek substantive consolidation into the bankrupt estate of any Guarantor in connection with a proceeding under the Bankruptcy Code or under federal, state or foreign insolvency law involving any Guarantor.
Appears in 1 contract
Samples: Mezzanine B Loan Agreement (Hospitality Investors Trust, Inc.)
Bankruptcy Related Covenants. To the extent permitted by applicable Legal Requirements, neither Borrower nor Leasehold Pledgor shall, nor shall Borrower cause or permit any other Loan Party to, seek substantive consolidation into the bankrupt estate of any Guarantor in connection with a proceeding under the Bankruptcy Code or under federal, state or foreign insolvency law involving any Guarantor.
Appears in 1 contract
Samples: Mezzanine a Loan Agreement (Hospitality Investors Trust, Inc.)
