Corporate Rate Policy Sample Clauses

Corporate Rate Policy. Borrowers shall provide lodging at the Hotel/Casino Property for Lender’s employees, officers and directors (together the “Corporate Persons”) visiting the Property in all instances for a rate of $100 per night (or if less, the then prevailing rate), provided that absent Borrowers reasonable consent thereto the aggregate number of rooms to be provided per night in accordance with the terms of this Section 10.27 shall not exceed (a) five (5) rooms on any Sunday night, Monday night, Tuesday night, Wednesday night or Thursday night and (b) two (2) rooms on any Friday night or Saturday night. Additionally, Borrower shall upgrade each Corporate Person’s lodging accommodations to suite product, on a space-available basis (with availability to be determined on the date of stay), at no extra charge. Furthermore, Corporate Persons will be granted admission to all events (excluding ticketed concerts) in any of the Property’s facilities, in all instances without any charge (it being acknowledged and agreed that Corporate Persons will be obligated to pay other generally applicable charges, fees or expenses payable following admission).
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Corporate Rate Policy. Borrowers shall cause Mortgage Borrowers to provide lodging at the Hotel/Casino Property for Lender’s employees, officers and directors, and designated representatives of Trimont Real Estate Advisors, in its capacity as Servicer for the Loan (together the “Corporate Persons”) visiting the Property in all instances for a rate of $100 per night (or if less, the then prevailing rate), provided that absent Mortgage Borrowers’ reasonable consent thereto the aggregate number of rooms to be provided per night in accordance with the terms of this Section 10.26 shall not exceed (a) five (5) rooms on any Sunday night, Monday night, Tuesday night, Wednesday night or Thursday night and (b) two (2) rooms on any Friday night or Saturday night. Additionally, Borrowers shall cause Mortgage Borrowers to upgrade each Corporate Person’s lodging accommodations to suite product, on a space-available basis (with availability to be determined on the date of stay), at no extra charge. Furthermore, Corporate Persons will be granted admission to all events (excluding ticketed concerts) in any of the Property’s facilities, in all instances without charge (it being acknowledged and agreed that Corporate Persons will be obligated to pay other generally applicable charges, fees or expenses payable following admission).
Sample 1
Corporate Rate Policy. Borrowers shall cause Mortgage Borrowers to provide lodging at the Hotel/Casino Property for Lender’s employees, officers and directors (together the “Corporate Persons”) visiting the Property in all instances for a rate of $100 per night (or if less, the then prevailing rate), provided that absent Mortgage Borrowers’ reasonable consent thereto the aggregate number of rooms to be provided per night in accordance with the terms of this Section 10.26 shall not exceed (a) five (5) rooms on any Sunday night, Monday night, Tuesday night, Wednesday night or Thursday night and (b) two (2) rooms on any Friday night or Saturday night. Additionally, Borrowers shall cause Mortgage Borrowers to upgrade each Corporate Person’s lodging accommodations to suite product, on a space-available basis (with availability to be determined on the date of stay), at no extra charge. Furthermore, Corporate Persons will be granted admission to all events (excluding ticketed concerts) in any of the Property’s facilities, in all instances without charge (it being acknowledged and agreed that Corporate Persons will be obligated to pay other generally applicable charges, fees or expenses payable following admission).
Sample 1

Related to Corporate Rate Policy

  • Base Rate Loans Substituted for Affected Fixed Rate Loans If (i) the obligation of any Bank to make or to continue or convert outstanding Loans as or into Euro-Dollar Loans has been suspended pursuant to Section 8.02 or (ii) any Bank has demanded compensation under Section 8.03(a) or 8.04 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Euro-Dollar Business Days' prior notice to such Bank through the Administrative Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:

  • Special Provisions Governing Eurodollar Rate Loans Notwithstanding any other provision of this Agreement to the contrary, the following provisions shall govern with respect to Eurodollar Rate Loans as to the matters covered:

  • Base Rate Loans Substituted for Affected Euro-Dollar Loans If (i) the obligation of any Bank to make Euro-Dollar Loans has been suspended pursuant to Section 8.2 or (ii) any Bank has demanded compensation under Section 8.3 or 8.4 with respect to its Euro-Dollar Loans and the Borrower shall, by at least five Business Days’ prior notice to such Bank through the Administrative Agent, have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Borrower that the circumstances giving rise to such suspension or demand for compensation no longer exist:

  • Base Rate Advances During such periods as such Advance is a Base Rate Advance, a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Base Rate Advance shall be Converted or paid in full.

  • ABR Loans The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.

  • Authorization of Borrowing Etc The execution, delivery and performance of each Loan Document to which it is a party have been duly authorized by all necessary action on the part of each Credit Party.

  • Base Rate Loans During such periods as Revolving Loans shall be comprised in whole or in part of Base Rate Loans, such Base Rate Loans shall bear interest at a per annum rate equal to the Adjusted Base Rate.

  • Fixed Rate Loans Each Mortgage Loan bears interest at a rate that remains fixed throughout the remaining term of such Mortgage Loan, except in the case of an ARD Loan after its Anticipated Repayment Date and except for the imposition of a default rate.

  • Authorization of Borrowing The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action on the part of each Loan Party that is a party thereto.

  • Investments, Loans, Advances, Guarantees and Acquisitions The Borrower will not, and will not permit any of its Subsidiaries to, purchase, hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger) any capital stock, evidences of indebtedness or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, Guarantee any obligations of, or make or permit to exist any investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit, except:

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