Forbearance AgreementForbearance Agreement • June 15th, 2020 • Hospitality Investors Trust, Inc. • Real estate investment trusts
This Forbearance Agreement (“Agreement”) is made on June 10, 2020, to be effective as of April 7, 2020 (the “Effective Date”), by and among each of the parties identified as “Borrower” on the signature pages hereto (collectively, “Borrower”), each of the parties identified as an “Operating Lessee” on the signature pages hereto (collectively, “Operating Lessee”), Hospitality Investors Trust Operating Partnership, L.P. (“HIT OP”), Hospitality Investors Trust, Inc. (“HIT INC.”) (HIT OP and HIT INC. being referred to in this Agreement collectively as “Guarantor”) (Borrower, Operating Lessee and Guarantor being referred to in this Agreement collectively as the “Borrower Parties”), and Wells Fargo Bank, National Association, as Trustee for the Benefit of Certificateholders of HPLY Trust 2019-HIT Commercial Mortgage Pass-Through Certificates, Series 2019-HIT and the RR Interest Holders (“Lender”). Borrower, Guarantor and Lender are sometimes hereinafter collectively referred to in this Agreem
MEZZANINE A LOAN Forbearance AgreementMezzanine a Loan Forbearance Agreement • June 15th, 2020 • Hospitality Investors Trust, Inc. • Real estate investment trusts
This Mezzanine A Loan Forbearance Agreement (“Agreement”) is made on June 10, 2020 to be effective on April 7, 2020 (the “Effective Date”), by and among HIT PORTFOLIO I MEZZ, LP (“Borrower”), HIT PORTFOLIO I TRS HOLDCO, LLC and HIT 2PK TRS MEZZ, LLC (collectively, “Leasehold Pledgor”), Hospitality Investors Trust Operating Partnership, L.P. (“HIT OP”), Hospitality Investors Trust, Inc. (“HIT INC.”) (HIT OP and HIT INC. being referred to in this Agreement collectively as “Guarantor”) (Borrower, Leasehold Pledgor and Guarantor being referred to in this Agreement collectively as the “Borrower Parties”), and Nonghyup Bank, as Trustee of Meritz Private Real Estate Fund 20 (“Lender”). Borrower, Guarantor and Lender are sometimes hereinafter collectively referred to in this Agreement as the “Parties” and each as a “Party.”
MEZZANINE B LOAN Forbearance AgreementMezzanine B Loan Forbearance Agreement • June 15th, 2020 • Hospitality Investors Trust, Inc. • Real estate investment trusts
This Mezzanine B Loan Forbearance Agreement (“Agreement”) is made on June 10, 2020 to be effective as of April 7, 2020 (the “Effective Date”), by and among HIT PORTFOLIO I MEZZ B, LLC (“Borrower”), and HIT PORTFOLIO I TRS MEZZ B, LLC and HIT 2PK TRS MEZZ B, LLC (collectively, “Leasehold Pledgor”) and HOSPITALITY INVESTORS TRUST OPERATING PARTNERSHIP, L.P. and HOSPITALITY INVESTORS TRUST, INC. (collectively, “Guarantor” and, with Borrower and Leasehold Pledgor, the “Borrower Parties”) , and CC6 INVESTMENTS LTD. and NC GARNET FUND, L.P. (collectively, and together with their successors and/or assigns, “Lender”). Borrower, Guarantor and Lender are sometimes hereinafter collectively referred to in this Agreement as the “Parties” and each as a “Party.”
