Jersey City Hotel Sample Clauses

Jersey City Hotel. (a) The parties acknowledge that on and after the Effective Date the Hotel located in Jersey City, New Jersey may continue to be owned by Candlewood Jersey City-Urban Renewal L.L.C. and leased to Master Landlord. In the event that is the case, then on the Effective Date Owner shall cause Candlewood Jersey City-Urban Renewal L.L.C. to join in this Agreement for purposes of agreeing to be bound by the terms of Sections 4.1 through and including 4.7, ARTICLE 15 and ARTICLE 16 hereof with the same force and effect as though it were a Landlord. (b) Manager recognizes that such Hotel is subject to the Declaration of Environmental Restrictions, made as of July 9, 1993 by National Bulk Carriers, Inc. and recorded with the Hudson County Registrar of Deeds and Mortgages in Book 4617, Page 63 xx Xxly 16, 1993. Manager hereby recognizes the restrictions contained therein and recognizes that its interests are expressly subject to the provisions contained therein and agrees to not violate any of the conditions therein.
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