Hotel Facility definition

Hotel Facility means the term loan facilities provided pursuant to the Hotel Facility Agreement.

Hotel Facility means, subject to the provisions of Section 3.2 hereof, each of (a) the Initial Hotels, and (b) the Approved Hotel Facilities acquired by the Borrower using the proceeds of a Loan or Loans made by the Lender hereunder.

Hotel Facility means the certain hotel building to be constructed on the Project Site and their ancillary facilities (save for casinos).

Examples of Hotel Facility in a sentence

• The Lender acknowledges that (i) no earthquake insurance has been obtained with respect to any Hotel Facilities in California and (ii) insurance maintained by the Operating Lessee in respect of any Hotel Facility shall be sufficient for the purposes of this covenant provided that such insurance complies with the terms of the Operating Lease relating thereto.

• Lender confirms and agrees that the policies of insurance owned by or issued to the Operating Lessee in respect of any Hotel Facility shall be sufficient for the purposes of this representation provided that the same comply with the terms of the Operating Lease relating thereto.

• Without prejudice to the Company’s obligation to make any interest payment or to pay any repayment instalment on the due date, the Hotel Facility Agent shall provide to the Company and each Hotel Facility Lender (with a copy to the Intercreditor Agent) a notice setting out the relevant scheduled payment of interest and scheduled repayment of principal under this Agreement at least 15 Business Days before such amounts fall due for payment by the Company.

• The Hotel Facility Agent shall promptly notify the Company and the Hotel Facility Lenders of any change to any interest rate occasioned by the operation of Clause 10 (Changes to the calculation of interest) of the Common Terms Agreement.

• All prepayments of Hotel Facility Advances and cancellation of Available Commitments shall be made in accordance with Clause 8 (Repayments, Prepayments and Cancellation) of the Common Terms Agreement.

More Definitions of Hotel Facility

Hotel Facility means the Hotel Base Debt Facility and the Hotel Contingent Debt Facility.

Hotel Facility means each of (a) the Collateral Properties, and (b) the Approved Hotel Facilities.

Hotel Facility means, collectively, the existing 128-room hotel facility, including the related conference center and meeting room space, bar/lounge, grounds and parking improvements located upon the Property.

Hotel Facility means that hotel being developed and constructed by TAC, together with all required equipment and necessary parking as further described in the Recitals.

Hotel Facility means the Tranche A Facility and the Tranche B Facility.

Hotel Facility means a hotel facility, owned by the Company or a Restricted Subsidiary, to be constructed on a portion of the Undeveloped Parcel.

Hotel Facility means a hotel, motel, inn or similar structure providing lodging.