Common use of Use of Property Clause in Contracts

Use of Property. Each Individual Property is used exclusively for hotel purposes and other appurtenant and related uses.

Appears in 27 contracts

Sources: Loan Agreement (Stirling Hotels & Resorts, Inc.), Senior Mezzanine Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

Use of Property. Each Individual The Property is used exclusively for hotel purposes and other appurtenant and related uses.

Appears in 19 contracts

Sources: Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Ashford Hospitality Prime, Inc.)

Use of Property. Each Individual The Property is used exclusively for as a hotel purposes and other appurtenant and related uses.

Appears in 9 contracts

Sources: Loan Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Highland Hospitality Corp), Loan Agreement (Innkeepers Usa Trust/Fl)

Use of Property. Each Individual Property is used exclusively for hotel purposes and other appurtenant and related usesuses including but not limited to restaurants and lounges.

Appears in 8 contracts

Sources: Loan Agreement (Meristar Hospitality Operating Partnership Lp), Loan Agreement (Meristar Hospitality Corp), Mezzanine Loan Agreement (Meristar Hospitality Operating Partnership Lp)

Use of Property. Each Individual The Property is used exclusively as a hotel and for hotel purposes and other appurtenant and related uses.

Appears in 6 contracts

Sources: Loan Agreement (Procaccianti Hotel Reit, Inc.), Loan Agreement (Procaccianti Hotel Reit, Inc.), Loan Agreement (Medalist Diversified REIT, Inc.)

Use of Property. Each Individual The Property is used exclusively for hotel purposes and other appurtenant and related usesuses including but not limited to restaurants and lounges.

Appears in 3 contracts

Sources: Loan Agreement (Meristar Hospitality Operating Partnership Lp), Loan Agreement (Meristar Hospitality Corp), Loan Agreement (Felcor Lodging Trust Inc)

Use of Property. Each Individual The Property is used exclusively for hotel purposes and other appurtenant and related uses, including, without limitation, uses permitted under commercial leases permitted under the Loan Documents.

Appears in 3 contracts

Sources: Loan Agreement (Moody National REIT II, Inc.), Loan Agreement (Moody National REIT II, Inc.), Loan Agreement (Moody National REIT II, Inc.)

Use of Property. Each Individual Property is used exclusively for as a hotel purposes and other appurtenant and related uses.

Appears in 2 contracts

Sources: Loan Agreement (Lightstone Value Plus Real Estate Investment Trust III, Inc.), Loan Agreement (Highland Hospitality Corp)

Use of Property. Each Individual Property is used exclusively for hotel purposes and other appurtenant and related uses.

Appears in 2 contracts

Sources: Loan Agreement (Park Hotels & Resorts Inc.), Loan Agreement (Hilton Worldwide Holdings Inc.)

Use of Property. Each Individual Property of the Assets is used exclusively for hotel purposes and other appurtenant and related usesuses (including retail stores and restaurants).

Appears in 2 contracts

Sources: Loan Agreement (Bristol Hotel Co), Loan Agreement (Bristol Hotel Co)

Use of Property. Each Individual Property is used exclusively for hotel purposes and other appurtenant and related usesuses including but not limited to restaurants and lounges.

Appears in 1 contract

Sources: Loan Facility Agreement (Felcor Lodging Trust Inc)

Use of Property. Each Individual Property is used exclusively for hotel purposes and other appurtenant and related uses.

Appears in 1 contract

Sources: Loan Agreement (BRE Select Hotels Corp)

Use of Property. Each Individual Property is used exclusively for as a full service hotel purposes or resort and other appurtenant and related uses.

Appears in 1 contract

Sources: Loan Agreement (Wyndham International Inc)

Use of Property. Each Individual Property is used exclusively for hotel purposes and other appurtenant and related uses. ▇▇▇▇▇▇▇▇.▇.▇▇▇▇▇▇▇▇

Appears in 1 contract

Sources: Mezzanine Loan Agreement (Ashford Hospitality Trust Inc)

Use of Property. Each Individual The Property is used exclusively for hotel purposes and other appurtenant and related usesuses including, without limitation, a casino.

Appears in 1 contract

Sources: Loan Agreement (Wyndham International Inc)

Use of Property. Each Individual The Property is used exclusively for hotel purposes and other appurtenant and related uses, including, but not limited to, restaurants and lounges.

Appears in 1 contract

Sources: Loan Agreement (Chatham Lodging Trust)

Use of Property. Each Individual Property is used exclusively for hotel purposes and other appurtenant and related usesuses including, but not limited to, restaurants and lounges.

Appears in 1 contract

Sources: Loan Agreement (Wyndham International Inc)

Use of Property. Each Individual The Property (and each portion thereof) is used exclusively for as a select service hotel purposes and other appurtenant and related uses.

Appears in 1 contract

Sources: Loan Agreement (Lightstone Value Plus Real Estate Investment Trust V, Inc.)

Use of Property. Each Individual The Property is used exclusively for hotel purposes and other appurtenant and related uses.

Appears in 1 contract

Sources: Loan Agreement (Park Hotels & Resorts Inc.)

Use of Property. Each Individual Property is used exclusively for hotel purposes and other appurtenant and related uses.

Appears in 1 contract

Sources: Loan Agreement (RFS Partnership Lp)

Use of Property. Each Individual Property is used exclusively for as a limited service hotel purposes and other appurtenant and related uses.

Appears in 1 contract

Sources: Loan Agreement (Inland American Real Estate Trust, Inc.)