TIC. The TIC Agreement is in full force and effect and no default has occurred and there is no condition existing which, but for the passage of time or the giving of notice, or both, could result in a default under the terms of the TIC Agreement. Borrower has delivered to Lender a true and correct copy of the TIC Agreement.
Appears in 2 contracts
Sources: Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Loan and Security Agreement (Strategic Hotels & Resorts, Inc)