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 each Individual 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 each Individual Property as a hotel. The use being made of each Individual Property is in conformity with the certificate of occupancy issued for such Individual Property.

Appears in 2 contracts

Samples: Loan Agreement (Felcor Lodging Trust Inc), Loan Agreement (Felcor Lodging Trust Inc)

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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 each Individual 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 each Individual the Property as a hotel. The use being made of each Individual the Property is conforms in conformity all material respects with the certificate of occupancy issued for such Individual the Property.

Appears in 2 contracts

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

Certificate of Occupancy; Licenses. All material certifications, permits, licenses and approvals, including without limitation, certificates of completion and occupancy permits and any applicable liquor license required for the legal use, occupancy and operation of each Individual 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 forfeitureeffect. Borrower shall keep and maintain all all, or cause to be kept and maintained, Licenses necessary for the operation of each Individual the Property as a hotelhotel with related retail uses. The use being made of each Individual the Property is in conformity with the certificate of occupancy issued for such Individual the Property.

Appears in 2 contracts

Samples: Loan Agreement (Interstate Hotels & Resorts Inc), Loan Agreement (Interstate Hotels & Resorts 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 each Individual 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 each Individual Property as a hotel. The use being made of each Individual Property is in conformity with the certificate of occupancy issued for such Individual Property.

Appears in 1 contract

Samples: Loan Facility 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 permits, required for the legal use, occupancy and and/or operation of each Individual 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 forfeitureeffect. Borrower shall keep and maintain all Licenses necessary for the operation of each Individual the Property as a hotel. The use being made of each Individual the Property is in conformity in all material respects with the certificate of occupancy issued for such Individual the Property.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International 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 each Individual the Property by Borrower and Operating Lessee 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 each Individual the Property as a hotelfor hotel purposes. The use being made of each Individual the Property is in conformity with the certificate of occupancy issued for such Individual 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 permits, required for the legal use, occupancy and and/or operation of each Individual 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 each Individual Property as a hoteleffect. The use being made of each Individual the Property is in conformity with the certificate of occupancy issued for such Individual the Property.

Appears in 1 contract

Samples: Loan Agreement (Eagle Hospitality Properties 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 each Individual 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 each Individual the Property as a hotel. The use being made of each Individual the Property is in conformity with the certificate of occupancy issued for such Individual the 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 without limitation, certificates of completion and occupancy permits required for the legal use, occupancy and operation of each Individual 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 each Individual Property as a hotel. The use being made of each Individual Property is in conformity with the certificate of occupancy issued for such Individual Property.

Appears in 1 contract

Samples: Loan Agreement (FelCor Lodging 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 each Individual the Property by Borrower and Operating Lessee 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 each Individual the Property as a hotelfor hotel purposes. The use being made of each Individual the Property is in conformity with the certificate of occupancy issued for such Individual the Property.

Appears in 1 contract

Samples: Loan and Security Agreement (CNL Hotels & Resorts, 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 each Individual 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 each Individual Property as a hotel. The use being made of each Individual Property is in conformity with the certificate of occupancy issued for 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 occupancy, assembly and operation of each Individual the Property by Borrower and Operating Lessee 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 each Individual Property as a hotel. The use being made of each Individual the Property is in conformity with the certificate of occupancy issued for such Individual the Property.

Appears in 1 contract

Samples: Senior Loan Agreement (Hyatt Hotels Corp)

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