THL Loan definition

THL Loan means, individually or collectively as the context may require, (i) the THL Mortgage Loan and (ii) the THL Mezz Loan.
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Examples of THL Loan in a sentence

  • Except as may be set forth in the Franchise Agreements with any Marriott Franchisor and the Loan Documents for the THL Loan, none of Seller, any of its applicable Target Entities, Target Subsidiaries or any of its applicable Hotel Owners has granted any purchase option or right of first refusal to any party to acquire any Hotel Owner’s ownership interest in the applicable Property.

  • The Company shall, and shall cause its Subsidiaries to, deliver all notices and take all other actions to facilitate the termination at the Closing of all commitments in respect of the THL Loan Agreement, the repayment in full on the Closing Date of all obligations in respect of the indebtedness thereunder, and the release on the Closing Date of any Liens securing such indebtedness and guarantees in connection therewith.