Business and Operations. Borrower and Operating Lessee will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of each Individual Property. Borrower and Operating Lessee will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of each Individual Property.
Appears in 3 contracts
Samples: Loan Agreement (Hospitality Investors Trust, Inc.), Loan Agreement (Hospitality Investors Trust, Inc.), Loan Agreement (Hospitality Investors Trust, Inc.)
Business and Operations. Borrower and Operating Lessee will continue to engage in the businesses presently conducted by it them as and to the extent the same are necessary for the ownership, maintenance, management and operation of each Individual Propertythe Properties. Borrower and Operating Lessee will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of each Individual Propertythe Properties.
Appears in 3 contracts
Samples: Loan Agreement (Felcor Lodging Trust Inc), Loan Agreement (Felcor Lodging Trust Inc), Loan Facility Agreement (Felcor Lodging Trust Inc)
Business and Operations. Borrower shall, and shall cause Operating Lessee will to, continue to engage in the businesses presently conducted by it Borrower and Operating Lessee as and to the extent the same are necessary for the ownership, maintenance, management and operation of each Individual the Property. Borrower shall, and shall cause Operating Lessee will to, qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of each Individual the Property.
Appears in 3 contracts
Samples: Loan Agreement (Innkeepers Usa Trust/Fl), Loan Agreement (Innkeepers Usa Trust/Fl), Loan Agreement (Innkeepers Usa Trust/Fl)
Business and Operations. Borrower and Operating Lessee will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management ownership and operation leasing of each Individual the Property. Borrower and Operating Lessee will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management ownership and operation leasing of the Property. Borrower and Operating Lessee shall at all times cause each Individual PropertyProperty to be maintained as a hotel.
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Business and Operations. Each of Borrower and Operating Lessee will shall continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of each Individual the Property, and shall continue to operate the Property for such purposes. Each of Borrower and Operating Lessee will qualify to do business and will remain in good standing under the laws Laws of each the jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of each Individual the Property.
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Business and Operations. Borrower shall, and shall cause Operating Lessee will to, continue to engage in the businesses presently conducted by it Borrower and Operating Lessee as and to the extent the same are necessary for the ownership, maintenance, management and operation of each Individual Propertythe Properties. Borrower shall, and shall cause Operating Lessee will to, qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of each Individual Propertythe Properties.
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Business and Operations. Borrower and Operating Lessee will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of each Individual Propertythe Properties. Borrower and Operating Lessee will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of each Individual Propertythe Properties.
Appears in 1 contract
Samples: Loan Agreement (New York REIT, Inc.)
Business and Operations. Each Borrower and each Operating Lessee will continue to engage in the businesses presently conducted by it as and to the extent the same are reasonably necessary for the ownership, maintenance, management and operation of each Individual Property. the Property owned and/or leased by such Borrower and such Operating Lessee. Each Borrower and each Operating Lessee will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of each Individual Propertythe Property owned and/or leased by such Borrower and Operating Lessee.
Appears in 1 contract
Samples: Loan Agreement (American Realty Capital Hospitality Trust, Inc.)
Business and Operations. Borrower and Operating Lessee will continue to engage in the businesses presently currently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of each Individual the Property. Borrower and Operating Lessee will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property. Borrower and Operating Lessee shall at all times cause each Individual PropertyProperty to be maintained as a hotel.
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Business and Operations. Borrower and Operating Lessee will continue to engage in the businesses presently conducted by it them as and to the extent the same are necessary for the ownership, maintenance, management and operation of each Individual the Property. Borrower and Operating Lessee will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of each Individual the Property.
Appears in 1 contract
Business and Operations. Each of Borrower and Operating Lessee will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of each Individual the Property. Each of Borrower and Operating Lessee will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of each Individual the Property.
Appears in 1 contract