Excess Operating Expenses. (a) In the event that during a Trigger Period Owner or Operating Lessee incurs any Operating Expenses in excess of Approved Operating Expenses (excluding Restricted Payments and any Incentive Management Fees, and excluding amounts permitted to be remitted to Borrower from Cash Collateral Funds pursuant to Section 6.10(b) of the Mortgage Loan Agreement) (“
Appears in 3 contracts
Samples: Mezzanine a Loan Agreement (Hospitality Investors Trust, Inc.), Mezzanine Loan Agreement (Hospitality Investors Trust, Inc.), Mezzanine Loan Agreement (Hospitality Investors Trust, Inc.)
Excess Operating Expenses. (a) In the event that during a Trigger Period Owner Borrower or Operating Lessee incurs any Operating Expenses in excess of Approved Operating Expenses (excluding any Restricted Payments and any Incentive Management Fees, and excluding amounts permitted to be remitted to Borrower from Cash Collateral Funds pursuant to Section 6.10(b) of the Mortgage Loan Agreement)) (“
Appears in 3 contracts
Samples: Loan Agreement (Hospitality Investors Trust, Inc.), Loan Agreement (Hospitality Investors Trust, Inc.), Loan Agreement (Hospitality Investors Trust, Inc.)
Excess Operating Expenses. (a) In the event that during a Trigger Period Owner or Operating Lessee incurs any Operating Expenses in excess of Approved Operating Expenses (excluding Restricted Payments and any Incentive Management Fees, and excluding amounts permitted to be remitted to Borrower from Cash Collateral Funds pursuant to Section 6.10(b) of the Mortgage Loan Agreement or the parallel provisions of the Mezzanine A Loan Agreement, if then applicable) (“
Appears in 1 contract
Samples: Mezzanine B Loan Agreement (Hospitality Investors Trust, Inc.)
