Common use of Inventory Levels Clause in Contracts

Inventory Levels. At all times during the term of the Loan, Borrower shall maintain (or cause the Operating Lessee to maintain and to pledge the same in full to Lender) inventory levels of linens; tableware; kitchen utensils and equipment; and tables, chairs and equipment for the Property, which are appropriate for a hotel similar to the hotel situate on the Property and located in such hotel’s market, as determined by Lender in its reasonable judgment, but in no event less than the levels required pursuant to the Management Agreement and the Hotel Franchise Agreement (if any) respecting the Property.

Inventory Levels. At all times during the term of the Loan, Borrower shall maintain (or cause the Operating Lessee to maintain and to pledge the same in full to Lender) inventory levels of linens; tableware; kitchen utensils and equipment; and tables, chairs and equipment for the Property, which are appropriate for a hotel similar to the hotel situate on the Property and located in such hotel’s market, as determined by Lender in its reasonable judgment, but in no event less than the levels required pursuant to the Management Agreement and the Hotel Franchise Agreement (if any) respecting the Property.

Inventory Levels. At all times during the term of the Loan, Borrower shall maintain (or cause the Operating Lessee to maintain and to pledge the same in full to Lender) inventory levels of linens; tableware; kitchen utensils and equipment; and tables, chairs and equipment for the Property, which are appropriate for a hotel similar to the hotel situate on the Property and located in such hotel’s market, as determined by Lender in its reasonable judgmentappropriate, but in no event less than the levels required pursuant to the Management Agreement and the Hotel Franchise Agreement (if any) respecting the Property.