Hotel Covenants. (a) Borrower shall cause the hotel located on each Individual Property to be operated pursuant to the applicable Franchise Agreement.
Appears in 2 contracts
Samples: Loan Agreement (W2007 Grace Acquisition I Inc), Loan Agreement (American Realty Capital Hospitality Trust, Inc.)
Hotel Covenants. (a) Borrower shall cause Owner to cause the hotel located on each Individual Property to be operated pursuant to the applicable Franchise Agreement.
Appears in 2 contracts
Samples: Mezzanine Loan Agreement (W2007 Grace Acquisition I Inc), Mezzanine Loan Agreement (American Realty Capital Hospitality Trust, Inc.)
Hotel Covenants. (a) Borrower shall cause the hotel located on each Individual the Property to be operated pursuant to the applicable Franchise Agreement.
Appears in 1 contract
Samples: Loan Agreement (Lightstone Value Plus Real Estate Investment Trust V, Inc.)
Hotel Covenants. (a) Borrower Borrowers and Operating Lessees shall cause the each hotel located on each Individual a Property to be operated pursuant to the applicable Franchise Agreement.
Appears in 1 contract
Samples: Loan Agreement (American Realty Capital Hospitality Trust, Inc.)
