Common use of CONDITIONS PRECEDENT TO THE EFFECTIVENESS OF THIS LOAN AGREEMENT Clause in Contracts

CONDITIONS PRECEDENT TO THE EFFECTIVENESS OF THIS LOAN AGREEMENT. This Loan Agreement shall not be effective until the following conditions shall have been satisfied, except to the extent that Agent may elect (which election may be made without written or express notice of such waiver) to waive any such conditions:

Appears in 3 contracts

Samples: Loan Agreement (Interstate Hotels & Resorts Inc), Loan Agreement (Gramercy Capital Corp), Loan Agreement (Interstate Hotels & Resorts Inc)

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CONDITIONS PRECEDENT TO THE EFFECTIVENESS OF THIS LOAN AGREEMENT. This Loan Agreement shall not be effective until the following conditions shall have been satisfied, except to the extent that Agent may elect (which election may be made without written or express notice of such waiver) to waive any such conditions:conditions (provided, however, upon Closing, any conditions not satisfied shall be deemed waived unless otherwise agreed to by Borrower and Agent in writing at Closing):

Appears in 1 contract

Samples: Loan Agreement (Ashford Hospitality Prime, Inc.)

CONDITIONS PRECEDENT TO THE EFFECTIVENESS OF THIS LOAN AGREEMENT. This Loan Agreement shall not be effective until the following conditions shall have been satisfied, except to the extent that Agent may elect (which election may be made without written or express notice of such waiver) to irrevocably waive any such conditions:

Appears in 1 contract

Samples: Loan Agreement (Sunstone Hotel Investors, Inc.)

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CONDITIONS PRECEDENT TO THE EFFECTIVENESS OF THIS LOAN AGREEMENT. This Loan Agreement shall not be effective until Agent’s receipt, review and approval and/or confirmation of the following conditions shall have been satisfiedfollowing, at Loan Parties’ cost and expenses, each in form and content satisfactory to Agent in their reasonable discretion, except to the extent that Agent may elect (which election may be made without written or express notice of such waiver) to irrevocably waive any such conditions:

Appears in 1 contract

Samples: Loan Agreement (Sunstone Hotel Investors, Inc.)

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