Common use of FF&E Reserves Clause in Contracts

FF&E Reserves. An FF&E Reserve has been established in respect of each of the Hotels and the Borrower or its Subsidiaries or Eligible Joint Ventures have made any contributions to such FF&E Reserve as required by the terms of the Operating Lease and/or the Management Agreement relating thereto.

Appears in 5 contracts

Samples: Credit Agreement (Felcor Lodging Trust Inc), Revolving Credit Agreement (Felcor/Lax Holdings Lp), Revolving Credit Agreement (Felcor Suite Hotels Inc)

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FF&E Reserves. An FF&E Reserve has been established in respect of each Collateral Property and is currently funded as required by the terms of the Hotels and Operating Lease and/or the Borrower or its Subsidiaries or Eligible Joint Ventures have made any contributions to such Management Agreement relating thereto. An FF&E Reserve shall be established in respect of each Approved Hotel Facility from and after the date of the acquisition thereof, which FF&E Reserve shall be currently funded as required by the terms of the Operating Lease and/or the Management Agreement relating thereto.

Appears in 2 contracts

Samples: Second Supplemental Credit Agreement (Hospitality Properties Trust), First Supplemental Credit Agreement (Hospitality Properties Trust)

FF&E Reserves. An FF&E Reserve has been established in respect ------------- of each of the Hotels Initial Hotel and the Borrower or its Subsidiaries or Eligible Joint Ventures have made any contributions to such FF&E Reserve is currently funded as required by the terms of the Operating Lease and/or the Management Agreement relating thereto.. An FF&E Reserve shall be established in respect of each Approved Hotel Facility from and after the date of the acquisition thereof, which FF&E Reserve shall be currently funded as required by the terms of the Operating Lease and/or the Management Agreement relating thereto

Appears in 1 contract

Samples: Credit Agreement (Hospitality Properties Trust)

FF&E Reserves. An FF&E Reserve has been established in respect of each of the Hotels Hotel Facility and the Borrower or its Subsidiaries or Eligible Joint Ventures have made any contributions to such FF&E Reserve is currently funded as required by the terms of the Operating Lease and/or the Management Agreement relating thereto.

Appears in 1 contract

Samples: Credit Agreement (Hospitality Properties Trust)

FF&E Reserves. An FF&E Reserve has been established in respect of each of the Hotels and the US Borrower or its Subsidiaries or Eligible Joint Ventures have made any -82- 90 contributions to such FF&E Reserve as required by the terms of the Operating Lease and/or the Management Agreement relating thereto.

Appears in 1 contract

Samples: Credit Agreement (Felcor Lodging Trust Inc)

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FF&E Reserves. An FF&E Reserve has been established in respect of each of the Hotels and the Borrower or its Subsidiaries or Eligible Joint Ventures have made any contributions to such FF&E Reserve as required by the terms of the Operating Lease and/or the Management Agreement relating thereto.

Appears in 1 contract

Samples: Loan Agreement (Felcor Lodging Trust Inc)

FF&E Reserves. An FF&E Reserve has been established in respect ------------- of each of the Hotels Hotel Facility and the Borrower or its Subsidiaries or Eligible Joint Ventures have made any contributions to such FF&E Reserve is currently funded as required by the terms of the Operating Lease and/or the Management Agreement relating thereto.

Appears in 1 contract

Samples: Credit Agreement (Hospitality Properties Trust)

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