Existence; Compliance with Legal Requirements. Each Borrower, SPE Party and Operating Lessee shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, rights, licenses, permits and franchises and to comply in all material respects with all Legal Requirements applicable to it and the Properties.
Appears in 4 contracts
Samples: Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)
Existence; Compliance with Legal Requirements. Each Borrower, SPE Party of Borrower and Operating Lessee and each SPC Party shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, existence and all rights, licenses, permits and permits, franchises and to all applicable governmental authorizations necessary for the operation of the Properties and comply in all material respects with all Legal Requirements applicable to it and the Properties.
Appears in 2 contracts
Samples: Loan Agreement (Hospitality Investors Trust, Inc.), Loan Agreement (Hospitality Investors Trust, Inc.)
Existence; Compliance with Legal Requirements. Each of Borrower, SPE Party and Operating Lessee and each SPC Party shall do or cause to be done all things necessary to preserve, renew and keep in full force and effect its existence, existence and all rights, licenses, permits and permits, franchises and to all applicable governmental authorizations necessary for the operation of the Property and comply in all material respects with all Legal Requirements applicable to it and the PropertiesProperty.
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