Common use of Certificate of Occupancy; Licenses Clause in Contracts

Certificate of Occupancy; Licenses. All material certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits required for the legal use, occupancy and operation of the Property by Borrower as a hotel (collectively, the “Licenses”), have been obtained and are in full force and effect and are not subject to revocation, suspension or forfeiture. Borrower shall keep and maintain all Licenses necessary for the operation of the Property as a hotel. The use being made of the Property conforms in all material respects with the certificate of occupancy issued for the Property.

Appears in 2 contracts

Samples: Loan Agreement (Meristar Hospitality Operating Partnership Lp), Loan Agreement (Meristar Hospitality Corp)

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Certificate of Occupancy; Licenses. All material certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits required for the legal use, occupancy and operation of the each Property by Borrower and Operating Lessee as a hotel (collectively, the "Licenses"), have been obtained and are in full force and effect and are not subject to revocation, suspension or forfeiture. Borrower shall keep and maintain all Licenses necessary for the operation of the each Property as a hotel. The use being made of the each Property conforms is in all material respects conformity with the certificate of occupancy issued for the such Property.

Appears in 1 contract

Samples: Agreement (Felcor Lodging Trust Inc)

Certificate of Occupancy; Licenses. All material certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits required for the legal use, occupancy and operation of the Property by Borrower and Operating Lessee as a hotel (collectively, the "Licenses"), have been obtained and are in full force and effect and are not subject to revocation, suspension or forfeiture. Borrower shall keep and maintain all Licenses necessary for the operation of the Property as a hotel. The use being made of the Property conforms is in all material respects conformity with the certificate of occupancy issued for the Property.

Appears in 1 contract

Samples: Loan Agreement (Felcor Lodging Trust Inc)

Certificate of Occupancy; Licenses. All material certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits required for the legal use, occupancy occupancy, assembly and operation of the Property by Borrower the Owner Parties as a first-class, full-service hotel and a first-class office-retail facility (as applicable) (collectively, the “Licenses”), have been obtained and are in full force and effect and are not subject to revocation, suspension or forfeiture. Borrower shall keep and maintain all Licenses necessary for the operation of the Property as a hotel. The use being made of the Property conforms is in all material respects conformity with the certificate of occupancy issued for the Property.

Appears in 1 contract

Samples: Senior Loan Agreement (Hyatt Hotels Corp)

Certificate of Occupancy; Licenses. All material To the best of each Borrower’s knowledge, all certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits required for the legal use, occupancy and operation of each of the Property by Borrower Individual Properties as a hotel and all current appurtenant and related uses (collectively, the “Licenses”), have been obtained and are in full force and effect and are not subject to revocation, suspension or forfeitureeffect. Borrower The Borrowers shall keep and maintain all Licenses licenses necessary for the operation of each of the Property Individual Properties as a hotel. The use being made of the each Individual Property conforms as a hotel is in all material respects conformity with the any applicable certificate of occupancy issued for the such Individual Property.

Appears in 1 contract

Samples: Loan Agreement (Sunstone Hotel Investors, Inc.)

Certificate of Occupancy; Licenses. All material certifications, permits, licenses (including, without limitation, a license to serve alcohol on the Property) and approvals, including without limitation, certificates of completion and occupancy permits required of Borrower for the legal use, occupancy and operation of the Property by Borrower as a for hotel purposes (collectively, the “Licenses”), have been obtained and are in full force and effect and are not subject to revocation, suspension or forfeitureeffect. Borrower shall keep and maintain all Licenses necessary for the operation of the Property as a hotelfor hotel purposes. The use being made of the Property conforms is in all material respects conformity with the certificate of occupancy issued for the Property.

Appears in 1 contract

Samples: Loan and Security Agreement (Morgans Hotel Group Co.)

Certificate of Occupancy; Licenses. All material certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits required for the legal use, occupancy and operation of the each Individual Property by Borrower as a hotel (collectively, the "Licenses"), have been obtained and are in full force and effect and are not subject to revocation, suspension or forfeiture. Borrower shall keep and maintain all Licenses necessary for the operation of the each Individual Property as a hotel. The use being made of the each Individual Property conforms is in all material respects conformity with the certificate of occupancy issued for the such Individual Property.

Appears in 1 contract

Samples: Loan Agreement (Summit Hotel Properties LLC)

Certificate of Occupancy; Licenses. All material certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits required for the legal use, occupancy and operation of the each Individual Property by Borrower as a hotel (collectively, the “Licenses”), have been obtained and are in full force and effect and are not subject to revocation, suspension or forfeiture. Borrower shall keep and maintain all Licenses necessary for the operation of the each Individual Property as a hotel. The use being made of the each Individual Property conforms is in all material respects conformity with the certificate of occupancy issued for the such Individual Property.

Appears in 1 contract

Samples: Loan Agreement (FelCor Lodging Trust Inc)

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Certificate of Occupancy; Licenses. All material certifications, permits, licenses and approvals, including including, without limitation, certificates of completion and occupancy permits required for the legal use, occupancy and operation of the Property by Borrower and each portion thereof for its intended uses and otherwise as a select service hotel (collectively, the “Licenses”), have been obtained and are in full force and effect and are not subject to revocation, suspension or forfeiture. Borrower shall keep and maintain all Licenses necessary for the operation of the Property as a hoteleffect. The use being made of the Property conforms and each portion thereof is in all material respects conformity with the certificate of occupancy issued for the PropertyProperty and any portion thereof.

Appears in 1 contract

Samples: Loan Agreement (Lightstone Value Plus Real Estate Investment Trust V, Inc.)

Certificate of Occupancy; Licenses. All material certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits permits, required for the legal use, occupancy and and/or operation of the Property by Borrower as a hotel (collectively, the “Licenses”), have been obtained and are in full force and effect and are not subject to revocation, suspension or forfeitureeffect. Borrower shall keep and maintain all Licenses necessary for the operation of the Property as a hotel. The use being made of the Property conforms is in conformity in all material respects with the certificate of occupancy issued for the Property.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International Inc)

Certificate of Occupancy; Licenses. All material certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits permits, required for the legal use, occupancy and and/or operation of the Property by Borrower as a hotel (collectively, the “Licenses”), have been obtained and are in full force and effect and are not subject to revocation, suspension or forfeiture. Borrower shall keep and maintain all Licenses necessary for the operation of the Property as a hoteleffect. The use being made of the Property conforms is in all material respects conformity with the certificate of occupancy issued for the Property.

Appears in 1 contract

Samples: Loan Agreement (Eagle Hospitality Properties Trust, Inc.)

Certificate of Occupancy; Licenses. All To the Best of Borrower's Knowledge, all material certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits required of Borrower for the legal use, occupancy and operation of the Property by Borrower as a for hotel purposes (collectively, the Licenses), have been obtained and are in full force and effect and are not subject to revocation, suspension or forfeitureeffect. Borrower shall keep and maintain all Licenses necessary for the operation of the Property as a hotelfor hotel purposes. The use being made of the Property conforms is in all material respects conformity with the certificate of occupancy issued for the Property.

Appears in 1 contract

Samples: Loan and Security Agreement (CNL Hotels & Resorts, Inc.)

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