Common use of Ownership of the Hotel Clause in Contracts

Ownership of the Hotel. A. Owner and Landlord hereby covenant that neither will hereafter impose or consent to the imposition of any liens, encumbrances or other charges, except as follows: 1. easements or other encumbrances that do not adversely affect the operation of the Hotel by Manager and that are not prohibited pursuant to Section 8.02; 2. Mortgages and related security instruments; 3. liens for taxes, assessments, levies or other public charges not yet due or due but not yet payable; or 4. equipment leases for office equipment, telephone, motor vehicles and other property approved by Manager. B. Subject to liens permitted by Section 8.01.A, Owner and Landlord covenant that, so long as there then exists no Manager Event of Default, Manager shall quietly hold, occupy and enjoy the Hotel throughout the Term free from hindrance, ejection or molestation by Owner or Landlord or other party claiming under, through or by right of Owner or Landlord. Owner agrees to pay and discharge any payments and charges and, at its expense, to prosecute all appropriate actions, judicial or otherwise, necessary to assure such free and quiet occupation as set forth in the preceding sentence.

Ownership of the Hotel. A. Owner and Landlord hereby covenant that neither will hereafter impose or consent to the imposition of any liens, encumbrances or other charges, except as follows: 1. easements or other encumbrances that do not adversely affect the operation of the Hotel by Manager and that are not prohibited pursuant to Section 8.02; 2. Mortgages and related security instruments; 3. liens for taxes, assessments, levies or other public charges not yet due or due but not yet payable; or 4. equipment leases for office equipment, telephone, motor vehicles and other property approved by Manager. B. Subject to liens permitted by Section 8.01.A, Owner and Landlord covenant that, so long as there then exists no Manager Event of Default, Manager shall quietly hold, occupy and enjoy the Hotel throughout the Term free from hindrance, ejection or molestation by Owner or Landlord or other party claiming under, through or by right of Owner or Landlord. Owner agrees to pay and discharge any payments and charges and, at its expense, to prosecute all appropriate actions, judicial or otherwise, necessary to assure such free and quiet occupation as set forth in the preceding sentence. C. Subject to and upon the terms of this Agreement, Owner is granted an exclusive license to occupy and use the Hotel throughout the Term.