Compliance with Special Purpose Provisions. So long as the Loan is outstanding, Tenant hereby represents, warrants, and covenants that (a) it is, shall be, and shall continue to be a Special Purpose Entity and (b) Tenant’s sole equityholder is, shall be and shall continue to be a Special Purpose Entity.
Appears in 2 contracts
Samples: Lease Agreement (ESH Hospitality, Inc.), Lease Agreement (ESH Hospitality LLC)
Compliance with Special Purpose Provisions. So long as the Loan is outstanding, Tenant hereby represents, warrants, and covenants that (a) it is, shall be, and shall continue to be a Special Purpose Entity and (b) Tenant’s sole equityholder is, shall be and shall continue to be a Special Purpose Entity.
Appears in 2 contracts
Samples: Lease Agreement (ESH Hospitality LLC), Lease Agreement (ESH Hospitality LLC)
Compliance with Special Purpose Provisions. So long as the Loan is outstanding, Tenant hereby represents, warrants, and covenants that (a) it is, shall be, and shall continue to be a Special Purpose Entity and (b) Tenant’s sole equityholder member is, shall be and shall continue to be a Special Purpose Entity.
Appears in 2 contracts
Samples: Lease Agreement (ESH Hospitality, Inc.), Lease Agreement (ESH Hospitality LLC)
