Common use of Participating Leases Clause in Contracts

Participating Leases. Upon knowledge of a material default -------------------- by a Participating Lessee under a Participating Lease, the Borrower will send, or will cause the Guarantor who is a party to such Participating Lease to send, a notice of such default to such Participating Lessee as provided in the document under which such default has occurred.

Appears in 2 contracts

Samples: Subordinate Unsecured Credit Agreement (American General Hospitality Corp), Senior Unsecured Credit Agreement (American General Hospitality Corp)

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Participating Leases. Upon knowledge of a material default -------------------- by a -------------------- Participating Lessee under a Participating LeaseLease or a Participating Lessee Document, the Borrower will send, or will cause the Guarantor who is a party to such Participating Lease or Participating Lessee Document to send, a notice of such default to such Participating Lessee as provided in the document under which such default has occurred.

Appears in 2 contracts

Samples: Credit Agreement (American General Hospitality Corp), Credit Agreement (American General Hospitality Corp)

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