Common use of Hotel Properties Clause in Contracts

Hotel Properties. (a) With the exception of Encumbrances which will be satisfied and discharged at Closing, each Interest Holder as appropriate owns the Property free and clear of any Encumbrances as defined in the CTF Agreement. (b) Except as set forth on Schedule 5.11 of the CTF Agreement, to CTF’s Knowledge, since January 1, 2003, no Interest Holder has received written notice by any Governmental Authority of any violation of an Environmental Law or written notice by any Person of any breach by an Interest Holder of its obligations under any Contract for the remediation of any condition at a Hotel under an Environmental Law.

Hotel Properties. (a) With the exception of Encumbrances which will be satisfied and discharged at Closing, each Interest Holder Holder, as appropriate appropriate, owns the Property free and clear of any Encumbrances as defined in the CTF AgreementEncumbrances. (b) Except as set forth on Schedule 5.11 of the CTF Agreement5.11, to CTFthe Seller’s Knowledge, since January 1, 2003, no Interest Holder has received written notice by any Governmental Authority of any violation of an Environmental Law or written notice by any Person of any breach by an Interest Holder of its obligations under any Contract for the remediation of any condition at a Hotel under an Environmental Law.

Hotel Properties. (a) With the exception of Encumbrances which will be satisfied and discharged at Closing, each Interest Holder Holder, as appropriate appropriate, owns the Property free and clear of any Encumbrances as defined in the CTF Agreement. (b) Except as set forth on Schedule 5.11 of the CTF Agreement, to CTF’s Knowledge, since January 1, 2003, no Interest Holder has received written notice by any Governmental Authority of any violation of an Environmental Law or written notice by any Person of any breach by an Interest Holder of its obligations under any Contract for the remediation of any condition at a Hotel under an Environmental Law.