Mortgage Loan Representations. The Mortgage Loan and each of the related Mortgage Loan Documents with respect to each Individual Property encumbered thereby are in full force and effect and there exists no Mortgage Loan Default thereunder by the applicable Mortgage Loan Borrower or Maryland Owner or, to Borrower’s knowledge, any other party thereto and no event has occurred that, with the passage of time and/or the giving of notice, would constitute a Mortgage Loan Default thereunder. All of the representations and warranties by each borrower, guarantor or indemnitor contained in the Mortgage Loan Documents with respect to each Mortgage Loan are or were true and correct in all material respects as of the date made thereunder.
Appears in 4 contracts
Samples: Management Agreement (Ashford Hospitality Trust Inc), Letter Agreement (Ashford Hospitality Trust Inc), Letter Agreement (Ashford Hospitality Trust Inc)
