Common use of Prepayment of Mortgage Loan and Senior Mezzanine Loan Clause in Contracts

Prepayment of Mortgage Loan and Senior Mezzanine Loan. Borrower shall not cause or permit the prepayment of the Mortgage Loan or the Senior Mezzanine Loan in whole or in part, unless either (i) the Loan is simultaneously repaid in whole or in part on a pro rata basis in accordance with and subject to the limitations hereof or (ii) the conditions set forth in Section 2.6 of the Mortgage Loan Agreement or Senior Mezzanine Loan Agreement, as applicable, are satisfied.

Appears in 4 contracts

Samples: Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Junior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)

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