DORAL SETTLEMENT AGREEMENT. Mezzanine Borrower shall cause Mortgage Borrower to use diligent efforts to comply with the terms of and substantially complete the improvements contemplated by the Doral Settlement Agreement and shall promptly after receipt thereof deliver to Mezzanine Lender a copy of any notice received with respect to the Doral Settlement Agreement claiming that Mortgage Borrower is in default in the performance or observance of any of the terms, covenants or conditions of the Doral Settlement Agreement.
Appears in 4 contracts
Samples: Mezzanine Loan and Security Agreement (CNL Hotels & Resorts, Inc.), Mezzanine Loan and Security Agreement (CNL Hotels & Resorts, Inc.), Mezzanine Loan and Security Agreement (CNL Hotels & Resorts, Inc.)
