COLLATERAL ASSIGNMENT OF INTEREST RATE CAP AGREEMENTCollateral Assignment of Interest Rate Cap Agreement • April 2nd, 2007 • Bh Re LLC • Hotels & motels
COLLATERAL ASSIGNMENT OF INTEREST RATE CAP AGREEMENT, dated as of November 29, 2006 (this “Assignment”), made by PH FEE OWNER LLC, a Delaware limited liability company, and OPBIZ, L.L.C., a Nevada limited liability company, each having its principal place of business at c/o OpBiz, L.L.C., 3667 Las Vegas Boulevard South, Las Vegas, Nevada 89109 (collectively, “Assignor”), in favor of COLUMN FINANCIAL, INC., a Delaware corporation having an address at 11 Madison Avenue, New York, New York 10010 (“Assignee”). Capitalized terms used but not defined herein shall have the meanings assigned such terms in that certain Loan Agreement, dated as of the date hereof, between Assignor, as borrower, and Assignee, as lender (as amended, restated, replaced, supplemented or otherwise modified from time to time, the “Loan Agreement”).
