Common use of Current Compliance Clause in Contracts

Current Compliance. Each of the Credit Parties is currently in compliance with all of the terms and conditions of the Loan Documents applicable to it.

Appears in 2 contracts

Sources: Revolving Credit Loan and Security Agreement (Hersha Hospitality Trust), Revolving Credit Loan and Security Agreement (Hersha Hospitality Trust)

Current Compliance. Each of the Credit Parties is currently in compliance with all of the terms and conditions of the Loan Documents applicable to it and with the requirements of all applicable laws and all rules, regulations (including environmental regulations) and orders of regulatory agencies and authorities having jurisdiction over it.

Appears in 1 contract

Sources: Revolving Credit Loan Agreement (Hersha Hospitality Trust)