Common use of REPRESENTATIONS AND WARRANTIES 35 Clause in Contracts

REPRESENTATIONS AND WARRANTIES 35. Section 3.1 Legal Status and Authority 35 Section 3.2 Validity of Documents 36 Section 3.3 Litigation 36 Section 3.4 Agreements 37 Section 3.5 Financial Condition 37 Section 3.6 Disclosure 37 Section 3.7 No Plan Assets 38 Section 3.8 Not a Foreign Person 38 Section 3.9 Business Purposes 38 Section 3.10 Borrower Information 38 Section 3.11 Status of Property 38 Section 3.12 Financial Information 40 Section 3.13 Condemnation 40 Section 3.14 Separate Lots 40 Section 3.15 Insurance 40 Section 3.16 Use of Property 40 Section 3.17 Leases and Rent Roll 40 Section 3.18 Filing and Recording Taxes 41 Section 3.19 Management Agreement 41 Section 3.20 Illegal Activity/Forfeiture 41 Section 3.21 Taxes 42 Section 3.22 Permitted Encumbrances 42 Section 3.23 Material Agreements 42 Section 3.24 [Intentionally Omitted] 42 Section 3.25 Federal Reserve Regulations 42 Section 3.26 Investment Company Act 42 Section 3.27 Fraudulent Conveyance 43 Section 3.28 Embargoed Person 43 Section 3.29 Patriot Act 44 Section 3.30 Organizational Chart 44 Section 3.31 Bank Holding Company 44 Section 3.32 [Intentionally Omitted] 44 Section 3.33 REA Representations 44 Section 3.34 No Change in Facts or Circumstances 45 Section 3.35 Perfection of Accounts 45 Section 3.36 Franchise Agreement 45 Section 4.1 Existence 46 Section 4.2 Applicable Law 46 Section 4.3 Maintenance and Use of Property 46 Section 4.4 Waste 47 Section 4.5 Taxes and Other Charges 47 Section 4.6 Litigation 48 Section 4.7 Access to Property 48 Section 4.8 Notice of Default 48 Section 4.9 Cooperate in Legal Proceedings 48 Section 4.10 Performance by Borrower 48 Section 4.11 Awards 48 Section 4.12 Books and Records 49 Section 4.13 Estoppel Certificates 50 Section 4.14 Leases and Rents 51 Section 4.15 Management Agreement 53 Section 4.16 Payment for Labor and Materials 54 Section 4.17 Performance of Other Agreements 55 Section 4.18 Debt Cancellation 55 Section 4.19 ERISA 55 Section 4.20 No Joint Assessment 56 Section 4.21 Alterations 56 Section 4.22 REA Covenants 57 Section 4.23 Material Agreements 57 Section 4.24 Hotel Franchise 58 Section 4.25 PIP 59 Section 5.1 Single Purpose Entity/Separateness 59 Section 5.2 [Intentionally Omitted] 62 Section 5.3 Change of Name, Identity or Structure 63 Section 5.4 Business and Operations 63 Section 6.1 Transfer Definitions 63 Section 6.2 No Sale/Encumbrance 64 Section 6.3 Permitted Equity Transfers 65 Section 6.4 [Intentionally Omitted] 66 Section 6.5 Lender’s Rights 66

REPRESENTATIONS AND WARRANTIES 35. Section 3.1 Legal Status and Authority 6.1. Corporate Existence; Subsidiaries; Foreign Qualification 35 Section 3.2 Validity of Documents 6.2. Corporate Authority 36 Section 3.3 Litigation 6.3. Compliance with Laws and Contracts 36 Section 3.4 Agreements 6.4. Litigation and Administrative Proceedings 37 Section 3.5 Financial Condition 6.5. Title to Assets 37 Section 3.6 Disclosure 6.6. Liens and Security Interests 37 Section 3.7 No Plan Assets 6.7. Tax Returns 37 Section 6.8. Environmental Laws 37 Section 6.9. Continued Business 38 Section 3.8 Not a Foreign Person 6.10. Employee Benefits Plans 38 Section 3.9 Business Purposes 38 6.11. Consents or Approvals 39 Section 3.10 Borrower Information 38 6.12. Solvency 39 Section 3.11 Status of Property 38 6.13. Financial Statements 39 Section 3.12 Financial Information 6.14. Regulations 39 Section 6.15. Material Agreements 40 Section 3.13 Condemnation 6.16. Intellectual Property 40 Section 3.14 Separate Lots 40 Section 3.15 6.17. Insurance 40 Section 3.16 Use of Property 6.18. Accurate and Complete Statements 40 Section 3.17 Leases and Rent Roll 6.19. Investment Company; Other Restrictions 40 Section 3.18 Filing and Recording Taxes 6.20. Defaults 40 ARTICLE VII. EVENTS OF DEFAULT 41 Section 3.19 Management Agreement 7.1. Payments 41 Section 3.20 Illegal Activity/Forfeiture 7.2. Special Covenants 41 Section 3.21 Taxes 7.3. Other Covenants 41 Section 7.4. Representations and Warranties 41 Section 7.5. Cross Default 41 Section 7.6. Default in Employee, Pension and Benefit Plan Compliance 41 Section 7.7. Change in Control 41 Section 7.8. Judgments 42 Section 3.22 Permitted Encumbrances 7.9. Material Adverse Change 42 Section 3.23 Material Agreements 7.10. Security 42 Section 3.24 [Intentionally Omitted] 7.11. Validity of Loan Documents 42 Section 3.25 Federal Reserve Regulations 7.12. Solvency 42 Section 3.26 Investment Company Act 42 Section 3.27 Fraudulent Conveyance ARTICLE VIII. REMEDIES UPON DEFAULT 43 Section 3.28 Embargoed Person 8.1. Optional Defaults 43 Section 3.29 Patriot Act 8.2. Automatic Defaults 43 Section 8.3. Offsets 43 Section 8.4. Equalization Provisions 44 Section 3.30 Organizational Chart 8.5. Other Remedies 44 Section 3.31 Bank Holding Company 8.6. Application of Proceeds 44 Section 3.32 [Intentionally Omitted] 44 Section 3.33 REA Representations 44 Section 3.34 No Change in Facts or Circumstances 45 Section 3.35 Perfection of Accounts 45 Section 3.36 Franchise Agreement 45 Section 4.1 Existence ARTICLE IX. THE AGENT 46 Section 4.2 Applicable Law 9.1. Appointment and Authorization 46 Section 4.3 Maintenance and Use of Property 9.2. Note Holders 46 Section 4.4 Waste 9.3. Consultation With Counsel 46 Section 9.4. Documents 46 Section 9.5. Agent and Affiliates 47 Section 4.5 Taxes and Other Charges 47 Section 4.6 Litigation 48 Section 4.7 Access to Property 48 Section 4.8 9.6. Knowledge or Notice of Default 47 Section 9.7. Action by Agent 47 Section 9.8. Release of Guarantor of Payment or Pledge of Stock 47 Section 9.9. Delegation of Duties 48 Section 4.9 Cooperate in Legal Proceedings 9.10. Indemnification of Agent 48 Section 4.10 Performance by Borrower 9.11. Successor Agent 48 Section 4.11 Awards 9.12. Agent May File Proofs of Claim 48 Section 4.12 Books and Records 9.13. No Reliance on Agent’s Customer Identification Program 49 ARTICLE X. MISCELLANEOUS 49 Section 4.13 Estoppel Certificates 10.1. Lenders’ Independent Investigation 49 Section 10.2. No Waiver; Cumulative Remedies 50 Section 4.14 Leases 10.3. Amendments, Waivers and Rents Consents 50 Section 10.4. Notices 51 Section 4.15 Management Agreement 53 10.5. Costs, Expenses and Taxes 51 Section 4.16 Payment for Labor and Materials 10.6. Indemnification 52 Section 10.7. Obligations Several; No Fiduciary Obligations 52 Section 10.8. Execution in Counterparts 52 Section 10.9. Binding Effect; Borrower’s Assignment 52 Section 10.10. Lender Assignments 52 Section 10.11. Sale of Participations 54 Section 4.17 Performance of Other Agreements 10.12. Patriot Act Notice 55 Section 4.18 Debt Cancellation 10.13. Severability of Provisions; Captions; Attachments 55 Section 4.19 ERISA 55 Section 4.20 No Joint Assessment 10.14. Investment Purpose 56 Section 4.21 Alterations 10.15. Entire Agreement 56 Section 4.22 REA Covenants 10.16. General Limitation of Liability 56 Section 10.17. No Duty 56 Section 10.18. Legal Representation of Parties 56 Section 10.19. Currency 57 Section 4.23 10.20. Governing Law; Submission to Jurisdiction 57 Jury Trial Waiver Signature Page 1 Exhibit A Form of Term Note E-1 Exhibit B Form of Notice of Interest Segment Selection E-3 Exhibit C Form of Compliance Certificate E-5 Schedule 1 Commitments of Lenders Schedule 2 Guarantors of Payment Schedule 3 Pledged Securities Schedule 5.8 Indebtedness Schedule 5.9 Liens Schedule 6.1 Corporate Existence; Subsidiaries; Foreign Qualification Schedule 6.4 Litigation and Administrative Proceedings Schedule 6.15 Material Agreements 57 Section 4.24 Hotel Franchise 58 Section 4.25 PIP 59 Section 5.1 Single Purpose Entity/Separateness 59 Section 5.2 [Intentionally Omitted] 62 Section 5.3 Change This CREDIT AGREEMENT (as the same may from time to time be amended, restated or otherwise modified, this “Agreement”) is made effective as of Namethe 11th day of December, Identity or Structure 63 Section 5.4 Business and Operations 63 Section 6.1 Transfer Definitions 63 Section 6.2 No Sale/Encumbrance 64 Section 6.3 Permitted Equity Transfers 65 Section 6.4 [Intentionally Omitted] 66 Section 6.5 Lender’s Rights 662009 among:

REPRESENTATIONS AND WARRANTIES 35. Section 3.1 Legal Status 5.1 Existence, Qualification and Authority Power; Compliance with Laws 35 Section 3.2 Validity 5.2 Authorization; No Contravention 35 5.3 Governmental Authorization 36 5.4 Binding Effect 36 5.5 Financial Statements; No Material Adverse Effect 36 5.6 Accounts Receivable 36 5.7 Litigation 37 5.8 No Default 37 5.9 Ownership of Documents 36 Section 3.3 Litigation 36 Section 3.4 Agreements Property; Liens 37 Section 3.5 5.10 Environmental Compliance 37 5.11 Insurance 37 5.12 Taxes 38 5.13 ERISA Compliance 38 5.14 Subsidiaries 38 5.15 Disclosure 38 5.16 Compliance with Laws 39 5.17 Margin Regulations; Investment Company Act; Public Utility Holding Company Act 39 5.18 Rights in Collateral; Priority of Liens 39 5.19 Intellectual Property 39 5.20 Location of Borrower 42 5.21 Use of Proceeds 43 5.22 Solvent Financial Condition 37 Section 3.6 Disclosure 37 Section 3.7 No Plan Assets 38 Section 3.8 Not a Foreign Person 38 Section 3.9 Business Purposes 38 Section 3.10 Borrower 43 5.23 Labor Disputes; Acts of God 43 5.24 Interest Rate Hedging 43 6.1 Financial Statements 43 6.2 Certificates; Other Information 38 Section 3.11 Status 44 6.3 Notices 45 6.4 Payment of Property 38 Section 3.12 Financial Information 40 Section 3.13 Condemnation 40 Section 3.14 Separate Lots 40 Section 3.15 Obligations 45 6.5 Preservation of Existence, Etc 45 6.6 Maintenance of Properties 45 6.7 Maintenance of Insurance 40 Section 3.16 Use of Property 40 Section 3.17 Leases and Rent Roll 40 Section 3.18 Filing and Recording Taxes 41 Section 3.19 Management Agreement 41 Section 3.20 Illegal Activity/Forfeiture 41 Section 3.21 Taxes 42 Section 3.22 Permitted Encumbrances 42 Section 3.23 Material Agreements 42 Section 3.24 [Intentionally Omitted] 42 Section 3.25 Federal Reserve Regulations 42 Section 3.26 Investment Company Act 42 Section 3.27 Fraudulent Conveyance 43 Section 3.28 Embargoed Person 43 Section 3.29 Patriot Act 44 Section 3.30 Organizational Chart 44 Section 3.31 Bank Holding Company 44 Section 3.32 [Intentionally Omitted] 44 Section 3.33 REA Representations 44 Section 3.34 No Change in Facts or Circumstances 45 Section 3.35 Perfection of Accounts 45 Section 3.36 Franchise Agreement 45 Section 4.1 Existence 46 Section 4.2 Applicable Law 6.8 Compliance with Laws 46 Section 4.3 Maintenance and Use of Property 46 Section 4.4 Waste 47 Section 4.5 Taxes and Other Charges 47 Section 4.6 Litigation 48 Section 4.7 Access to Property 48 Section 4.8 Notice of Default 48 Section 4.9 Cooperate in Legal Proceedings 48 Section 4.10 Performance by Borrower 48 Section 4.11 Awards 48 Section 4.12 6.9 Books and Records 46 6.10 Inspection Rights 46 6.11 Use of Proceeds 46 6.12 Financial Covenants 47 6.13 Additional Subsidiaries 47 6.14 Collateral Records 48 6.15 Security Interests 48 6.16 Notice of Litigation, Claims, Etc 48 6.17 Lender as Principal Depository 48 6.18 Key Man Life Insurance 48 7.1 Liens 48 7.2 Investments and Acquisitions 49 Section 4.13 Estoppel Certificates 7.3 Indebtedness 50 Section 4.14 Leases and Rents 7.4 Fundamental Changes 51 Section 4.15 Management Agreement 53 Section 4.16 Payment for Labor and Materials 54 Section 4.17 Performance 7.5 Dispositions 52 7.6 Restricted Payments 52 7.7 Change in Nature of Other Agreements 55 Section 4.18 Debt Cancellation 55 Section 4.19 ERISA 55 Section 4.20 No Joint Assessment 56 Section 4.21 Alterations 56 Section 4.22 REA Covenants 57 Section 4.23 Material Agreements 57 Section 4.24 Hotel Franchise 58 Section 4.25 PIP 59 Section 5.1 Single Purpose Entity/Separateness 59 Section 5.2 [Intentionally Omitted] 62 Section 5.3 Change of Name, Identity or Structure 63 Section 5.4 Business and Operations 63 Section 6.1 Transfer Definitions 63 Section 6.2 No Sale/Encumbrance 64 Section 6.3 Permitted Equity Transfers 65 Section 6.4 [Intentionally Omitted] 66 Section 6.5 Lender’s Rights 6652 7.8 Transactions with Affiliates 52 7.9 Margin Regulations 53

REPRESENTATIONS AND WARRANTIES 35. Section 3.1 5.1 Legal Status and Authority Authority; Compliance with Law 35 Section 3.2 5.2 Validity of Documents 36 35 Section 3.3 5.3 Litigation 36 Section 3.4 5.4 Agreements 37 36 Section 3.5 5.5 Financial Condition 37 36 Section 3.6 5.6 Disclosure 37 36 Section 3.7 5.7 No Plan Assets 38 36 Section 3.8 5.8 Not a Foreign Person 38 37 Section 3.9 5.9 Business Purposes 38 37 Section 3.10 5.10 Borrower Information 37 Section 5.11 Status of Property 37 Section 5.12 Financial Information 38 Section 3.11 Status 5.13 Condemnation 38 Section 5.14 Separate Lots 38 Section 5.15 Insurance 38 Section 5.16 Use of Property 38 Section 3.12 Financial Information 40 Section 3.13 Condemnation 40 Section 3.14 Separate Lots 40 Section 3.15 Insurance 40 Section 3.16 Use of Property 40 Section 3.17 5.17 Leases and Rent Roll 40 38 Section 3.18 5.18 Filing and Recording Taxes 41 39 Section 3.19 5.19 Management Agreement 41 39 Section 3.20 5.20 Illegal Activity/Forfeiture 41 39 Section 3.21 5.21 Taxes 42 39 Section 3.22 5.22 Permitted Encumbrances 42 40 Section 3.23 5.23 Material Agreements 42 40 Section 3.24 [5.24 Intentionally Omitted] 42 . 40 Section 3.25 5.25 Federal Reserve Regulations 42 40 Section 3.26 5.26 Investment Company Act 42 40 Section 3.27 5.27 Fraudulent Conveyance 43 40 Section 3.28 Embargoed Person 43 5.28 Sanctioned Targets 40 Section 3.29 Patriot 5.29 Money Laundering Control Act 44 41 Section 3.30 Organizational Chart 44 Section 3.31 5.30 Bank Holding Company 44 41 Section 3.32 [Intentionally Omitted] 44 Section 3.33 5.31 REA Representations 44 42 Section 3.34 5.32 No Change in Facts or Circumstances 45 42 Section 3.35 5.33 Perfection of Accounts 45 42 Section 3.36 Franchise 5.34 Interest Rate Protection Agreement 45 42 Section 4.1 Existence 46 Section 4.2 Applicable Law 46 Section 4.3 Maintenance and Use of Property 46 Section 4.4 Waste 47 Section 4.5 Taxes and Other Charges 47 Section 4.6 Litigation 48 Section 4.7 Access to Property 48 Section 4.8 Notice of Default 48 Section 4.9 Cooperate in Legal Proceedings 48 Section 4.10 Performance by Borrower 48 Section 4.11 Awards 48 Section 4.12 Books and Records 49 Section 4.13 Estoppel Certificates 50 Section 4.14 Leases and Rents 51 Section 4.15 Management Agreement 53 Section 4.16 Payment for Labor and Materials 54 Section 4.17 Performance of Other Agreements 55 Section 4.18 Debt Cancellation 55 Section 4.19 ERISA 55 Section 4.20 No Joint Assessment 56 Section 4.21 Alterations 56 Section 4.22 REA Covenants 57 Section 4.23 Material Agreements 57 Section 4.24 Hotel Franchise 58 Section 4.25 PIP 59 Section 5.1 Single Purpose Entity/Separateness 59 Section 5.2 [5.35 Intentionally Omitted] 62 . 42 Section 5.3 Change of Name, Identity or Structure 63 5.36 Guarantor and Sponsor Representations 42 Section 5.4 Business and Operations 63 Section 6.1 Transfer Definitions 63 Section 6.2 No Sale/Encumbrance 64 Section 6.3 Permitted Equity Transfers 65 Section 6.4 [Intentionally Omitted] 66 Section 6.5 Lender’s Rights 665.37 CFIUS 43