Control of Owner. Borrower has the power and authority and the requisite ownership interests to control the actions of Owner and at all times during the term of the Loan shall maintain the power and authority to control the actions of Owner.
Appears in 10 contracts
Samples: Loan and Security Agreement (Ashford Hospitality Trust Inc), Loan and Security Agreement (Ashford Hospitality Trust Inc), Loan and Security Agreement (Ashford Hospitality Trust Inc)
Control of Owner. Borrower has the power and authority and the requisite ownership interests to control the actions of the Owner and at all times during the term of the Loan shall maintain the power and authority to control the actions of Owner.
Appears in 4 contracts
Samples: Loan and Security Agreement (Morgans Hotel Group Co.), Loan and Security Agreement (Morgans Hotel Group Co.), Loan and Security Agreement (Morgans Hotel Group Co.)
Control of Owner. Each Borrower has the power and authority and the requisite ownership interests to control the actions of its respective Owner and at all times during the term of the Loan shall maintain the power and authority to control the actions of such Owner.
Appears in 1 contract
Samples: Loan and Security Agreement (KBS Real Estate Investment Trust, Inc.)
