Examples of Hotel Loan in a sentence
Each of the Eastgate One Phases I-VII & XII Loan Combination, the Eastgate Two Phases VIII-X Loan Combination, the Brickyard Square Loan Combination and the Flatiron Hotel Loan Combination will be serviced pursuant to (i) this Agreement and (ii) the related Intercreditor Agreement.
If the Marriott Chicago River North Hotel Loan Pair is still a Specially Serviced Mortgage Loan on the Marriott Chicago River North Hotel Companion Loan Securitization Date, the Other Special Servicer and the Special Servicer shall be entitled to compensation with respect to the Marriott Chicago River North Hotel Loan Pair as if the Special Servicer were being terminated as Special Servicer and the Other Special Servicer were replacing as successor the Special Servicer.
Certain of the Company’s subsidiaries, including those that incurred the Company’s Nashville Hotel Loan or owned or managed the Nashville loan borrower (the “Former Non-Guarantors”), did not guarantee the 8% Senior Notes.
GCI LLC hereby unconditionally assumes each and every debt, liability and obligation of whatever nature owing by GCI to the Bank under the Loan Documents, including, without limitation, the Hotel Loan Guaranty, to the same extent as though GCI LLC was originally a party thereto.
As a result, the Company has classified the balance sheet, results of operations, and cash flows of the subsidiaries that incurred the Company’s Nashville Hotel Loan or owned or managed the Nashville loan borrower as of March 31, 2005 and December 31, 2004 and for the three months ended March 31, 2005 as guarantor subsidiaries in the consolidating financial information presented below.
As of the Petition Dates, the Debtors were in payment default under all of the loan agreements, except for the Seaboard Hotel Loan Agreement.
The occurrence of a Default under (and as defined in) the Hotel Loan Agreement or event of default (however defined in) any other Hotel Loan Document (after giving effect to any notice or cure periods, if any).
No waiver of any default or Event of Default under any of the Hotel Loan Documents shall at any time thereafter be held to be a waiver of any rights of the Mortgagee hereunder, nor shall any waiver of a prior Event of Default or default operate to waive any subsequent Event of Default or default.
In any event, upon repayment in full of the Obligations (as defined in the Hotel Loan Agreement) and termination of all Swap Transactions (as defined in the Hotel Loan Agreement), the Reserve Fund Account and the lien and security interest of Administrative Agent in and to the Reserve Fund Account shall be released by Administrative Agent.
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