Westin Loans Investment Sample Clauses

Westin Loans Investment. As of February 5, 2008, the Company formed XXX Xxxxxxx Subsidiary I, LLC, a Delaware limited liability company (“Subsidiary I”), to acquire all of the right, title and interest of Ashford Hospitality Finance LP (“Assignor”) in, to and under that certain mezzanine loan (the “Westin Loans Investment”) originated in accordance with that certain Mezzanine Loan Agreement dated December 5, 2007 by and among Assignor and Transwest Tucson II, L.L.C., formerly known as SCG Tucson II, L.L.C. (“La Paloma Borrower”), a Delaware limited liability company, and Transwest Hilton Head II, L.L.C, formerly known as SCG Hilton Head II, L.L.C, a Delaware limited liability company(“Hilton Head Borrower” and together with La Paloma Borrower, “Borrowers”). Subsidiary I is the owner of the Westin Loans Investment pursuant to that certain Assignment and Assumption of Loan Documents dated as of February 6, 2008. SCHEDULE 1 LOAN DOCUMENTS
Sample 1
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Westin Loans Investment. As of February 5, 2008, the Company formed XXX Xxxxxxx Subsidiary I, LLC, a Delaware limited liability company (“Subsidiary I”), to acquire all of the right, title and interest of Ashford Hospitality Finance LP (“Assignor”) in, to and under that certain mezzanine loan (the “Westin Loans Investment”) originated in accordance with that certain Mezzanine Loan Agreement dated December 5, 2007 by and among Assignor and Transwest Tucson II, L.L.C., formerly known as SCG Tucson II, L.L.C. (“La Paloma Borrower”), a Delaware limited liability company, and Transwest Hilton Head II, L.L.C, formerly known as SCG Hilton Head II, L.L.C, a Delaware limited liability company (“Hilton Head Borrower” and together with La Paloma Borrower, “Borrowers”). Subsidiary I is the owner of the Westin Loans Investment pursuant to that certain Assignment and Assumption of Loan Documents dated as of February 6, 2008. Exhibit C to LLC Agreement Investment Criteria • Target Returns: Overall Venture unlevered returns of 9% - 13+% yield on Venture equity with the variance depending upon the relative risk/reward profile of the investment. • Investment Period: Each Venture will have an investment period of two years from closing of the Venture. • Collateral: Participations in first mortgages, second mortgages, stock secured loans, guarantees, preferred equity, or pledge of equity interests in Borrower’s collateral or other collateral acceptable to the Members.
Sample 1

Related to Westin Loans Investment

  • Loans; Investments Make or suffer to exist any loans, guaranties, advances, or investments, except:

  • Loans, Investments, Etc Each Borrower and Guarantor shall not, and shall not permit any Subsidiary to, directly or indirectly, make any loans or advance money or property to any person, or invest in (by capital contribution, dividend or otherwise) or purchase or repurchase the Capital Stock or Indebtedness or all or a substantial part of the assets or property of any person, or form or acquire any Subsidiaries, or agree to do any of the foregoing, except:

  • Acquisition Loans The proceeds of the Acquisition Loans may be used only for the following purposes: (i) for working capital and general corporate purposes, including, without limitation, the issuance of Letters of Credit and to pay outstanding Floor Plan Loans; and (ii) to make Permitted Acquisitions.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Advances, Investments and Loans The Borrower will not, and will not permit any of its Subsidiaries to, directly or indirectly, lend money or credit or make advances to any Person, or purchase or acquire any stock, obligations or securities of, or any other interest in, or make any capital contribution to, any other Person, or purchase or own a futures contract or otherwise become liable for the purchase or sale of currency or other commodities at a future date in the nature of a futures contract, or hold any cash or Cash Equivalents (each of the foregoing an "Investment" and, collectively, "Investments"), except that the following shall be permitted:

  • Loans, Advances, Investments, Etc Make or commit or agree to make, or permit any of its Subsidiaries make or commit or agree to make, any Investment in any other Person except for Permitted Investments.

  • Investments, Loans, Etc The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly-owned Subsidiary prior to such merger), any common stock, evidence of indebtedness or other securities (including any option, warrant, or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person (all of the foregoing being collectively called “Investments”), or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person that constitute a business unit, or create or form any Subsidiary, except:

  • Limitations on Loans, Advances, Investments and Acquisitions Purchase, own, invest in or otherwise acquire, directly or indirectly, any Capital Stock, interests in any partnership or joint venture (including, without limitation, the creation or capitalization of any Subsidiary), evidence of Indebtedness or other obligation or security, substantially all or a portion of the business or assets of any other Person or any other investment or interest whatsoever in any other Person, or make or permit to exist, directly or indirectly, any loans, advances or extensions of credit to, or any investment in cash or by delivery of property in, any Person except:

  • Loans From Members Loans by Members to the Company shall not be considered Capital Contributions. Subject to the provisions of Section 3.01(c), the amount of any such advances shall be a debt of the Company to such Member and shall be payable or collectible in accordance with the terms and conditions upon which such advances are made.

  • Investments, Loans, Advances and Acquisitions The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any capital stock, evidences of indebtedness (subject to Section 6.09 below) or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit, except:

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