Common use of Qualified Unsecured Lender Clause in Contracts

Qualified Unsecured Lender. The Administrative Agent shall have received evidence reasonably satisfactory to it that the Administrative Agent is a “Qualified Unsecured Lender” and that the Obligations constitute “Qualified Unsecured Debt” (in each case as such term is defined and used in the Revolving Credit Agreement) and, as such, the Administrative Agent is entitled to the rights, benefits and protections accorded to a “Qualified Unsecured Lender” under Section 9.01(f) of the Revolving Credit Agreement (which evidence may, in the sole discretion of the Administrative Agent, include copies of each of the notices, documents, certificates and acknowledgements identified in the definition of “Qualified Unsecured Lender” set forth in the Revolving Credit Agreement).

Appears in 4 contracts

Samples: Term Loan Agreement (LaSalle Hotel Properties), Guaranty and Contribution Agreement (LaSalle Hotel Properties), Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties)

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Qualified Unsecured Lender. The Administrative Agent shall have received evidence reasonably satisfactory to it that the Administrative Agent is a “Qualified Unsecured Lender” and that the Obligations constitute “Qualified Unsecured Debt” (in each case as such term is defined and used in the Existing Revolving Credit Agreement) and, as such, the Administrative Agent is entitled to the rights, benefits and protections accorded to a “Qualified Unsecured Lender” under Section 9.01(f) of the Existing Revolving Credit Agreement (which evidence may, in the sole discretion of the Administrative Agent, include copies of each of the notices, documents, certificates and acknowledgements identified in the definition of “Qualified Unsecured Lender” set forth in the Existing Revolving Credit Agreement).

Appears in 2 contracts

Samples: Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties), Senior Unsecured Term Loan Agreement (LaSalle Hotel Properties)

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Qualified Unsecured Lender. The Administrative Agent shall have received evidence reasonably satisfactory to it that the Administrative Agent is a Qualified Unsecured Lender” Lender (as such term is defined in the Consolidated Credit Agreement) and that the Obligations constitute Qualified Unsecured Debt” Debt (in each case as such term is defined and used in the Revolving Consolidated Credit Agreement) and, as such, the Administrative Agent is entitled to the rights, benefits and protections accorded to a Qualified Unsecured Lender” Lender under Section 9.01(f) of the Revolving Consolidated Credit Agreement (which evidence may, in the sole discretion of the Administrative Agent, include copies of each of the notices, documents, certificates and acknowledgements identified in the definition of Qualified Unsecured Lender” Lender set forth in the Revolving Consolidated Credit Agreement).

Appears in 1 contract

Samples: Pledge and Security Agreement (LaSalle Hotel Properties)

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