0000950134-06-021939 Sample Contracts

LOAN AGREEMENT Dated as of November 16, 2006 Between ASHFORD CHICAGO O’HARE LP, as Borrower and MORGAN STANLEY MORTGAGE CAPITAL INC., as Lender
Loan Agreement • November 20th, 2006 • Ashford Hospitality Trust Inc • Real estate investment trusts • New York

THIS LOAN AGREEMENT, dated as of November 16, 2006 (as amended, restated, replaced, supplemented or otherwise modified from time to time, this “Agreement”), between MORGAN STANLEY MORTGAGE CAPITAL INC., a New York corporation, having an address at 1221 Avenue of the Americas, 27th Floor, New York, New York 10020 (“Lender”), and ASHFORD CHICAGO O’HARE LP, a Delaware limited partnership having an address at 14185 Dallas Parkway, Suite 1100, Dallas, Texas 75254 (“Borrower”).

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