Common use of Collateral; Reserves Clause in Contracts

Collateral; Reserves. Payment of Borrowers' obligations hereunder, under the Pool One Term Loans, Pool Two Term Loans, under any deposit account relationship and overdrafts with Agent, and under the Loan Documents shall be secured and/or supported by the following (hereinafter collectively referred to as the “Collateral”) until all such obligations are fully and finally paid and performed in full:

Appears in 2 contracts

Sources: Loan Agreement (Summit Hotel Properties, Inc.), Loan Agreement (Summit Hotel Properties, LLC)

Collateral; Reserves. Payment of Borrowers' obligations hereunder, under the Pool One Term Loans, Pool Two Term Loans, under any deposit account relationship and overdrafts with Agent, and under the Loan Documents and under any other indebtedness of Borrowers to Lenders, now existing or hereafter arising, shall be secured and/or supported by the following (hereinafter collectively referred to as the “Collateral”) until all such obligations are fully and finally paid and performed in full:

Appears in 1 contract

Sources: Loan Agreement (Summit Hotel Properties, LLC)