Use and Pledge of FF&E. If the Key Money Investment is made by Advisor purchasing FF&E for a Key Money Asset, the Advisor shall grant the Company the right to use the FF&E at the subject property pursuant to mutually agreed upon terms, and upon request, the Advisor will grant a security interest in such FF&E to any lender in connection with the financing of such property by the Company.
Appears in 4 contracts
Samples: Advisory Agreement (Ashford Hospitality Trust Inc), Advisory Agreement (Ashford Hospitality Prime, Inc.), Advisory Agreement (Ashford Inc)
