Reciprocal Agreements. (a) No Loan Party is currently in default in any respect (nor has any notice been given or received with respect to an alleged or current default) under any of the terms and conditions of any REA, and each REA remains unmodified and in full force and effect except where such default, modification or failure to be in full force and effect could not reasonably be expected to cause a Material Property Event.
Appears in 4 contracts
Samples: Lease Agreement (FelCor Lodging Trust Inc), Revolving Credit Agreement (FelCor Lodging LP), Revolving Credit Agreement (FelCor Lodging Trust Inc)
Reciprocal Agreements. (a) No Loan Party is currently in default in any respect (nor has any notice been given or received with respect to an alleged or current default) under any of the terms and conditions of any REA, and each REA remains unmodified and in full force and effect effect, in each case, except where such default, modification or failure to be in full force and effect could not reasonably be expected to cause a Material Property Event.
Appears in 2 contracts
Samples: Pledge Agreement (Sunstone Hotel Investors, Inc.), Pledge Agreement (Sunstone Hotel Investors, Inc.)
Reciprocal Agreements. (a) No Loan Party is currently in default in any respect (nor has any notice been given or received with respect to an alleged or current default) under any of the terms and conditions of any REA, and each REA remains unmodified and in full force and effect except where such default, modification or failure to be in full force and effect could not reasonably be expected to cause a Material Property Event.
Appears in 2 contracts
Samples: Credit Agreement (CNL Hotels & Resorts, Inc.), Assignment and Assumption (Capital Lodging)
Reciprocal Agreements. (a) No Loan Party is currently in default in any respect (nor has any notice been given or received with respect to an alleged or current default) under any of the terms and conditions of any the REA, and each REA remains unmodified and in full force and effect except where such default, modification or failure to be in full force and effect could would not reasonably be expected to cause a Material Property Event.
Appears in 1 contract
Samples: Credit Agreement (FelCor Lodging LP)
