Common use of Property Use Clause in Contracts

Property Use. The Property shall be used only for a hotel and any ancillary uses relating thereto, and for no other uses without the prior written consent of Lender, which consent may be withheld in Lender's sole and absolute discretion.

Appears in 3 contracts

Samples: Mortgage and Security Agreement (Felcor Lodging Trust Inc), Mortgage and Security Agreement (Felcor Lodging Trust Inc), Deed of Trust and Security Agreement (Felcor Lodging Trust Inc)

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Property Use. The Property shall be used only for as a hotel and any for ancillary uses relating thereto, purposes (and for the rental of commercial office space to the extent currently used for such purpose) and for no other uses use without the prior written consent of Lender, which consent may be withheld in Lender's sole and absolute discretion.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (Westcoast Hospitality Corp)

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Property Use. The Property shall be used only for a hotel and any ancillary uses relating thereto, and for no other uses without the prior written consent of Lender, which consent may be withheld in Lender's ’s sole and absolute discretion.

Appears in 1 contract

Samples: Deed of Trust (FelCor Lodging Trust Inc)

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