Initial Hotels Sample Clauses

Initial Hotels. Simultaneously with entering into this Agreement, the Lessor and the Lessee have entered into an individual lease in the form attached hereto as Exhibit "B" (the "PROPERTY LEASE") for each of the Initial Hotels at the rents specified on Exhibit "C" attached hereto.

Initial Hotels. As of the Closing Date, the Borrower has granted to the Agent, for the ratable benefit of the Banks, a first lien on the twenty-nine Initial Hotels.

Initial Hotels. Number Hotel of Rooms Location ----- ------- -------- Berkeley Marina Marriott 373 Berkeley, CA Buffalo Marriott 356 Buffalo, NY Cleveland Airport Marrixxx 000 Xxxxxxxxx, XX Xxxxxxxxx Xxxxxxxx Xxxx 000 Cleveland, OH Columbus North Marriott 300 Columbus, OH Lake Norman Hampton Inn 117 Xxxxxxxxx, XX Xxxx Xxxxxx Xxxxxxx Xxx 000 Xxxrlotte, NC Melbourne Quality Suixxx 000 Melbourne, XX Xxxxxxxx Xxx Xxxxxxx Xxxxxxx 000 Fort Myers, FL XXXXXXX X NOTICE OF EXERCISE OF REDEMPTION RIGHT The undersigned hereby irrevocably (i) presents for redemption _________ Partnership Units (as defined in the Partnership Agreement defined below) in Boykin Hotel Properties, L.P., in accordance with the terms of the Axxxxxxnt of Limited Partnership of Boykin Hotel Properties, L.P. (the "Partnership Agreement"), and the Xxxxxption Right (as defined in the Partnership Agreement) referred to therein, (ii) surrenders such Partnership Units and all right, title and interest therein, and (iii) directs that the Cash Amount or REIT Shares (both as defined in the Partnership Agreement) deliverable upon exercise of the Redemption Right be delivered to the address specified below, and if REIT Shares are to be delivered, such REIT Shares be registered or placed in the name(s) and at the addresses specified below. Dated: ___________________ Name of Limited Partner: ------------------------------------- ------------------------------------- (Signature of Limited Partner) ------------------------------------- (Street Address) ------------------------------------- (City State Zip Code) IF REIT Shares are to be issued, issue to: ----------------------------- (Name) ----------------------------- (Social Security or Identifying Number) EXHIBIT E INTERCOMPANY CONVERTIBLE NOTE [filed with Amended and Restated Agreement of Limited Partnership]

Initial Hotels. Lessor and Lessee hereby agree that on or prior to the Commencement Date they will enter into an individual lease in the form attached hereto as Exhibit B (the "Form Participating Lease") for each of the Initial Hotels at the Base Rents specified on Exhibit C attached hereto.

Initial Hotels. As of the Closing Date, the Borrower has granted to the Collateral Agent, for the ratable benefit of the Banks, a first lien on twenty-seven of the twenty-eight Initial Hotels. One of the hotels identified in the schedule of Initial Hotels, Hotel 26 (Wilmington, North Carolina), is not yet completed (and thus has not been acquired by the Borrower) but is under contract for such acquisition by the Borrower (the "Delayed Acquisition Hotel"). Such hotel is, however, to be subject to a first-priority lien in favor of the Collateral Agent, for the ratable benefit of the Banks, upon acquisition. Along with the other Initial Hotels, this Delayed Acquisition Hotel has been approved by the Banks as a Primary Hotel, subject to such acquisition and subject to receipt of and approval of all documentation required to be submitted for a Primary Hotel. Until such acquisition and the satisfaction of all requirements specified in the Commitment Agreement for Initial Hotels, (e.g., title policy, recorded Deed of Trust) for the Delayed Acquisition Hotel, the Borrowing Base Certificate shall exclude the Delayed Acquisition Hotel. It shall not constitute an event of default if the Delayed Acquisition Hotel is not acquired.