Common use of Ground Lease Representations Clause in Contracts

Ground Lease Representations. (a) (i) Each Ground Lease is in full force and effect and has not been modified or amended in any manner whatsoever, (ii) there are no defaults under any Ground Lease by Borrower or the landlord thereunder, and no event has occurred which but for the passage of time, or notice, or both would constitute a default under such Ground Lease, (iii) all rents, additional rents and other sums due and payable under each Ground Lease have been paid in full, and (iv) neither Borrower nor Ground Lessor under each Ground Lease has commenced any action or given or received any notice for the purpose of terminating such Ground Lease;

Appears in 2 contracts

Samples: Loan Agreement (FelCor Lodging Trust Inc), Loan Agreement (Felcor Lodging Trust Inc)

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Ground Lease Representations. (a) (ia)(i) Each Ground Lease is in full force and effect and has not been modified or amended in any manner whatsoever, (ii) there are no defaults under any Ground Lease by Mortgage Borrower or the landlord thereunderGround Lessor, and no event has occurred which but for the passage of time, or notice, or both would constitute a default under such Ground Lease, (iii) all rents, additional rents and other sums due and payable under each Ground Lease have been paid in full, and (iv) neither Mortgage Borrower nor the Ground Lessor under each Ground Lease has commenced any action or given or received any notice for the purpose of terminating such Ground Lease;

Appears in 1 contract

Samples: Junior Mezzanine Loan Agreement (Felcor Lodging Trust Inc)

Ground Lease Representations. (a) (i) Each Ground Lease is in full force and effect and has not been modified or amended in any manner whatsoever, (ii) there are no defaults under any Ground Lease by Mortgage Borrower or the landlord thereunderGround Lessor, and no event has occurred which but for the passage of time, or notice, or both would constitute a default under such Ground Lease, (iii) all rents, additional rents and other sums due and payable under each Ground Lease have been paid in full, and (iv) neither Mortgage Borrower nor the Ground Lessor under each Ground Lease has commenced any action or given or received any notice for the purpose of terminating such Ground Lease;

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Felcor Lodging Trust Inc)

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Ground Lease Representations. (a) (i) Each The Ground Lease is in full ---------------------------- force and effect and has not been modified or amended in any manner whatsoever, (iib) there are no defaults under any the Ground Lease by Borrower or the landlord thereunder, and no event has occurred which but for the passage of time, or notice, or both would constitute a default under such the Ground Lease, (iiic) all rents, additional rents and other sums due and payable under each the Ground Lease have been paid in full, and (ivd) neither Borrower nor Ground Lessor the landlord under each the Ground Lease has commenced any action or given or received any notice for the purpose of terminating such the Ground Lease;.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International Inc)

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