Mezzanine Loan Repayment. Borrower shall (a) apply an amount equal to $270,000,000 from the Escrow Account to the repayment of the Mezzanine Loans not later than seven (7) Business Days following the Closing Date and (b) apply the remaining amounts left in the Escrow Account to the repayment of the Mezzanine Loans no later than January 2, 2014.
Appears in 5 contracts
Samples: Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.), Credit Agreement (ESH Hospitality, Inc.)
