Hotel Redemption definition
Examples of Hotel Redemption in a sentence
The Hotel Redemption and this success fee shall be disclosed to the Court in the Disclosure Statement.
Provided that all material agreements with respect to the Hotel Redemption are entered into and the Hotel Redemption becomes binding upon all Fund Investors on or before July 1, 2020 subject only to the occurrence of the Effective Date, then the Company shall pay Juniper a success fee of $300,000 on the Effective Date.
All material agreements with respect to the Hotel Redemption shall be entered into on or before July 1, 2020 and the effectiveness thereof shall be subject only to the confirmation of the Plan and the occurrence of the Effective Date (as defined below).
This Agreement shall become effective and binding upon each of the Parties at 12:01 a.m. prevailing Eastern Time on the date on which (a) each of the Parties shall have executed, delivered, and released counterpart signature pages of this Agreement to counsel to each of the Parties, and (b) the Non-Debtor Parties shall have received a copy of the Hotel Redemption Amendment executed by Hotel Owner and L’Auberge Fund Manager, LLC.
The Plan shall provide that a $22,500,000 portion of the Exit Facility shall be dedicated to fund the Hotel Redemption on the Effective Date, and the Confirmation Order shall authorize and direct the Reorganized Debtor to effectuate the Hotel Redemption.