FORBEARANCE AGREEMENTForbearance Agreement • March 4th, 2010 • Summit Hotel Properties, LLC • Hotels, rooming houses, camps & other lodging places • New York
This FORBEARANCE AGREEMENT is dated as of March 4, 2010 (the “Effective Date”), by and among DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP and FORTRESS CREDIT OPPORTUNITIES I LP, collectively (“Lender”), and SUMMIT HOTEL PROPERTIES, LLC a South Dakota limited liability company, as borrower (“Borrower”), each SHP Subsidiary signatory hereto, and The Summit Group, Inc. (“Guarantor” together with Borrower and each SHP Subsidiary, collectively, the “Borrower Parties” and each a “Borrower Party”).
