Common use of Pre-Negotiation Agreement Clause in Contracts

Pre-Negotiation Agreement. The parties hereto acknowledge and agree that upon the Amendment Effective Date this Amendment shall constitute a Restructuring Agreement, as such term is defined in the Pre-Negotiation Agreement dated as of April 7, 2020 among the Administrative Agent, the Borrower, and the Guarantors (the “Pre-Negotiation Agreement”).

Appears in 1 contract

Sources: Credit Agreement (Summit Hotel Properties, Inc.)

Pre-Negotiation Agreement. The parties hereto acknowledge and agree that upon the Amendment Effective Date this Amendment shall constitute a Restructuring Agreement, as such term is defined in the Pre-Negotiation Agreement dated as of April 7December 29, 2020 among the Administrative Agent, the Borrower, and the Guarantors (the “Pre-Negotiation Agreement”).

Appears in 1 contract

Sources: Credit Agreement (Summit Hotel Properties, Inc.)