Common Contracts
4 similar Loan Agreement contracts by Lodging Fund REIT III, Inc.
Loan Agreement betweenLoan Agreement • August 11th, 2022 • Lodging Fund REIT III, Inc. • Real estate investment trusts • Colorado
LOAN AGREEMENT BETWEEN LF3 LAKEWOOD, LLC AND LF3 LAKEWOOD TRS, LLC COLLECTIVELY, AS BORROWER AND LEGENDARY A-1 BONDS, LLC AS LENDERLoan Agreement • March 31st, 2022 • Lodging Fund REIT III, Inc. • Real estate investment trusts • Colorado
This Loan Agreement (this “Agreement”), dated as of March 29, 2022 (the “Effective Date”) is made by and between LF3 LAKEWOOD, LLC, a Delaware limited liability company (“SPE Owner”) and LF3 LAKEWOOD TRS, LLC, a Delaware limited liability company (“TRS Lessee”; and collectively with SPE Owner, “Borrower”), and LEGENDARY A-1 BONDS, LLC, a Delaware limited liability company (“Lender”).
LOAN AGREEMENT BETWEEN LF3 EL PASO AIRPORT, LLC AND LF3 EL PASO AIRPORT TRS, LLC AS BORROWER AND LEGENDARY A-1 BONDS, LLC AS LENDER FEBRUARY 8, 2022Loan Agreement • March 31st, 2022 • Lodging Fund REIT III, Inc. • Real estate investment trusts • Texas
This Loan Agreement (this “Agreement”), dated as of February 8, 2022 (the “Effective Date”) is made by and between LF3 EL PASO AIRPORT, LLC, a Delaware limited liability company (“SPE Owner”) and LF3 EL PASO AIRPORT TRS, LLC, a Delaware limited liability company (“TRS Lessee”; and collectively with SPE Owner, “Borrower”), and LEGENDARY A-1 BONDS, LLC, a Delaware limited liability company (“Lender”).
LOAN AGREEMENT BETWEEN LF3 HOUSTON, LLC AND LF3 HOUSTON TRS, LLC AS BORROWER AND LEGENDARY A-1 BONDS, LLC AS LENDERLoan Agreement • August 13th, 2021 • Lodging Fund REIT III, Inc. • Real estate investment trusts • Texas
Page LIST OF SCHEDULES iii Article I Definitions 1 Section 1.1 Specific Definitions 1 Article II General Loan Terms 9 Section 2.1 The Loan 9 Section 2.2 Interest, Monthly Payments 9 (a) Generally 9 (b) Taxes 9 (d) Requirements of Law Section 2.3 Loan Repayment 10 (a) Repayment 10 (b) Mandatory Prepayments 10 (c) Optional Prepayments 10 Section 2.4 Release of Property 10 Section 2.5 Payments and Computations 10 (a) Making of Payments 10 (b) Computations 11 (c) Late Payment Charge 11 Section 2.6 Extension Option 11 Article III Reserves 11 Section 3.2 Required Repairs 11 Section 3.3 Taxes and Insurance Escrow 12 Section 3.4 Operating Expense Subaccount 13 Section 3.6 FF&E Reserve 13 (a) Funding of FF&E Reserve 13 (b) Disbursements of FF&E Reserve Funds 13 Section 3.7 Casualty/Condemnation Funds 13 Section 3.8 Excess Cash Flow Subaccount 14 Section 3.9 Grant of Security Interest, Application of Funds Section 3.10 Propert
