SUBORDINATION AND NON-DISTURBANCE AGREEMENTSubordination and Non-Disturbance Agreement • January 15th, 2021 • Ashford Inc. • Services-management consulting services
THIS SUBORDINATION AND NON-DISTURBANCE AGREEMENT (this “Agreement”) is made as of the 15th day of January, 2021, by and among (i) OAKTREE FUND ADMINISTRATION, LLC, a Delaware limited liability company, as the Administrative Agent and collateral agent on behalf of the Lenders, “Agent”); (ii) ASHFORD INC., a Nevada corporation (“AINC”), (iii) ASHFORD HOSPITALITY ADVISORS LLC, a Delaware limited liability company (together with AINC, “Advisor”), (iv) Ashford Hospitality Trust, Inc., a Maryland corporation (“Parent”), (v) Ashford Hospitality Limited Partnership, a Delaware limited partnership (“Borrower”), (vi) Ashford TRS Corporation, a Delaware corporation (“TRS” and, collectively with Parent, Borrower, and any other Affiliate of a Borrower Party that is or becomes party to an AINC Agreement (as defined below), the “Borrower Parties”)), (vii) Remington Lodging & Hospitality, LLC, a Delaware limited liability company (“Remington”), (viii) Premier Project Management, LLC, a Maryland limite
