Leasing Conditions. Subject to terms of this Section 8.7, provided no Event of Default shall have occurred and be continuing, Mortgage Borrower may enter into a New Lease or Lease Modification, without Mezzanine Lender's prior written consent, that satisfies each of the following conditions (as evidenced by an Officer's Certificate delivered to Mezzanine Lender prior to Mortgage Borrower's entry into such New Lease or Lease Modification):
Appears in 5 contracts
Samples: Mezzanine Loan and Security Agreement (CNL Hotels & Resorts, Inc.), Mezzanine Loan and Security Agreement (CNL Hotels & Resorts, Inc.), Mezzanine Loan and Security Agreement (CNL Hotels & Resorts, Inc.)
Leasing Conditions. Subject to terms of this Section 8.7, provided no Event of Default shall have occurred and be continuing, Mortgage Borrower may enter into a New Lease or Lease Modification, without Mezzanine Lender's prior written consent, that satisfies each of the following conditions (as evidenced by an Officer's Certificate delivered to Mezzanine Lender prior to Mortgage Borrower's ’s entry into such New Lease or Lease Modification):
Appears in 2 contracts
Samples: Mezzanine Loan and Security Agreement (CNL Hotels & Resorts, Inc.), Mezzanine Loan and Security Agreement (CNL Hotels & Resorts, Inc.)
Leasing Conditions. Subject to terms of this Section 8.7, provided no Event of Default shall have occurred and be continuing, Mortgage Borrower may enter into a New Lease or Lease Modification, without Mezzanine Lender's ’s prior written consent, that satisfies each of the following conditions (as evidenced by an Officer's ’s Certificate delivered to Mezzanine Lender prior to Mortgage Borrower's ’s entry into such New Lease or Lease Modification):
Appears in 2 contracts
Samples: Mezzanine Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Mezzanine Loan and Security Agreement (Strategic Hotels & Resorts, Inc)
