Common use of No Change of Accounts Clause in Contracts

No Change of Accounts. Borrower shall not permit (a) Owner to change the Collection Account or the Central Account, without the prior written consent of Lender and Mortgage Lender, (b) Senior Mez Borrower to change the lockbox account established pursuant to the Senior Mez Loan Agreement without the prior written consent of Lender, not to be unreasonably withheld, and Junior Mez Lender or (c) Intermediate Mez Borrower to change the lockbox account established pursuant to the Intermediate Mez Loan Agreement without the prior written consent of Lender, not to be unreasonably withheld.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ashford Hospitality Trust Inc), Loan and Security Agreement (Ashford Hospitality Trust Inc)

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No Change of Accounts. Borrower shall not permit (a) Owner to change the Collection Account or the Central Account, without the prior written consent of Lender and Mortgage Lender, Lender or (b) Senior Mez Borrower to change the lockbox account established pursuant to the Senior Mez Loan Agreement without the prior written consent of Lender, not to be unreasonably withheld, and Junior Mez Lender or (c) Intermediate Mez Borrower to change the lockbox account established pursuant to the Intermediate Mez Loan Agreement without the prior written consent of Lender, not to be unreasonably withheld.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ashford Hospitality Trust Inc), Loan and Security Agreement (Ashford Hospitality Trust Inc)

No Change of Accounts. Borrower shall not permit (a) Owner to change the Collection Account or the Central Account, without the prior written consent of Lender and Mortgage Lender, Lender or (b) Senior First Mez Borrower to change the lockbox account established pursuant to the Senior First Mez Loan Agreement without the prior written consent of Lender, not to be unreasonably withheld, and Junior Third Mez Lender or (c) Intermediate Mez Borrower to change the lockbox account established pursuant to the Intermediate Mez Loan Agreement without the prior written consent of Lender, not to be unreasonably withheld.

Appears in 1 contract

Samples: Loan and Security Agreement (CNL Hotels & Resorts, Inc.)

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No Change of Accounts. Borrower shall not permit (a) Owner to change the Collection Account or the Central Account, without the prior written consent of Lender and Mortgage Lender, (b) Senior First Mez Borrower to change the lockbox account established pursuant to the Senior First Mez Loan Agreement without the prior written consent of Lender, not to be unreasonably withheld, and Junior First Mez Lender or (c) Intermediate Second Mez Borrower to change the lockbox account established pursuant to the Intermediate Second Mez Loan Agreement without the prior written consent of Lender, not to be unreasonably withheld, and Fourth Mez Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (CNL Hotels & Resorts, Inc.)

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