Approved Management Agreement. Except for those Hotel Properties managed pursuant to an Approved Participating Lease for such Hotel Property, (i) such Hotel Property is managed by an Approved Manager pursuant to an Approved Management Agreement, (ii) no material default by the owner under the Approved Management Agreement exists, and (iii) the Approved Management Agreement remains in full force and effect;
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Samples: Senior Unsecured Credit Agreement (Lasalle Hotel Properties), Senior Credit Agreement (Eagle Hospitality Properties Trust, Inc.), Credit Agreement (Lasalle Hotel Properties)
Approved Management Agreement. Except for those Hotel Properties ----------------------------- managed pursuant to an Approved Participating Lease for such Hotel Property, (i) such Hotel Property is managed by an Approved Manager pursuant to an Approved Management Agreement, (ii) no material default by the owner under the Approved Management Agreement exists, and (iii) the Approved Management Agreement remains in full force and effect;
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