HPT Agreements definition
Examples of HPT Agreements in a sentence
The foregoing notwithstanding, Purchaser may assign this Agreement to any Affiliate of Purchaser or any lender to Purchaser or its Affiliates; provided that any such successor assumes in writing and agrees to bound by the provisions of this Agreement and the assignment does not require any consent or approval under, or additional assignment or assumption of, the HPT Agreements.
Contemporaneously with the execution of this Agreement, Candlewood and certain of its subsidiaries and Hospitality Properties Trust, a Maryland real estate investment trust ("HPT") are entering into that certain Purchase and Sale Agreement (the "HPT Purchase Agreement") as well as that certain Termination Agreement (the "Termination Agreement" and, together with the HPT Purchase Agreement, the "HPT Agreements").
Neither Lodging nor the Company nor any Company Subsidiary has received any notice of default under any of the HPT Agreements.
The HPT Agreements (i) have not been amended, modified or supplemented and (ii) are in full force and effect in accordance with their terms.