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Nonrecourse Exceptions Guaranty Sample Contracts

Standard Contracts

NONRECOURSE EXCEPTIONS GUARANTY Boston Back Bay Hilton Boston, Massachusetts
Nonrecourse Exceptions Guaranty • February 28th, 2012 • Ashford Hospitality Trust Inc • Real estate investment trusts • Massachusetts

This NONRECOURSE EXCEPTIONS GUARANTY (this “Guaranty”) is made and entered into as of March 10,2011 by ASHFORD HOSPITALITY LIMITED PARTNERSHIP, a Delaware limited partnership (“Ashford”), and PRISA III REIT OPERATING LP, a Delaware limited partnership (“PRISA III”; together with Ashford, “Guarantor,” whether one or more), for the benefit of CONNECTICUT GENERAL LIFE INSURANCE COMPANY, a Connecticut corporation (together with its successors and assigns, “Lender”).