FRANCHISE AGREEMENTS; PROPERTY IMPROVEMENT PLANS. (a) The Franchise Agreement, for each Franchised Property, is in full force and effect, all franchise fees, reservation fees, royalties and other sums due and payable thereunder have been paid in full to date, and neither any Borrower nor, to the best of any Borrower's knowledge, the respective Franchisor is in default thereunder.
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Samples: Revolving Credit Agreement (FelCor Lodging LP), Revolving Credit Agreement (FelCor Lodging Trust Inc)
FRANCHISE AGREEMENTS; PROPERTY IMPROVEMENT PLANS. (a) The Franchise Agreement, for each Franchised Property, is in full force and effect, all franchise fees, reservation fees, royalties and other sums due and payable thereunder have been paid in full to date, and neither any Borrower nor, to the best of any Borrower's ’s knowledge, the respective Franchisor is in default thereunder.
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Samples: Lease Agreement (FelCor Lodging Trust Inc), Term Loan Agreement (FelCor Lodging Trust Inc)
FRANCHISE AGREEMENTS; PROPERTY IMPROVEMENT PLANS. (a) The Franchise Agreement, if applicable, for each Franchised Property, Collateral Property is in full force and effect, all franchise fees, reservation fees, royalties and other sums due and payable thereunder have been paid in full to date, and neither any Borrower nor, to the best of any Borrower's ’s knowledge, the respective Franchisor is in default thereunder. No unpaid fees are due and payable under any Franchise Agreement, including without limitation, all franchise fees, reservation fees, and royalties.
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