PR Guaranty Obligations. Guarantor acknowledges and agrees that at any time there is any amount due and otherwise payable under the PR Guaranty, HPT shall be entitled to treat any payment by Guarantor as a payment by the PR Tenant under the PR Guaranty and to the extent HPT so elects such payment shall not result in a reduction in the Outstanding Balance.
Appears in 5 contracts
Samples: Consolidated Guaranty Agreement, Consolidated Guaranty Agreement (Hospitality Properties Trust), Consolidated Guaranty Agreement (Hospitality Properties Trust)
