Leasehold Pledgor definition

Leasehold Pledgor shall have the meaning set forth in the introductory paragraph hereto, together with their respective successors and permitted assigns.
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Leasehold Pledgor shall have the meaning set forth in the recitals hereto.
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Leasehold Pledgor has the meaning set forth in Section 2.3(b)(viii).
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Examples of Leasehold Pledgor in a sentence

  • Lender shall have no obligation to disclose such discussions or the contents thereof with Borrower or Leasehold Pledgor or any of their respective affiliates.

  • In addition, except as otherwise provided in this Agreement, the denial by Lender of a requested consent or approval in accordance with the terms of the Loan Documents shall not result in any liability or other obligation of Lender, if such denial results directly or indirectly in a default under any Senior Loan, and each of Borrower and Leasehold Pledgor hereby waives any claim of liability against Lender arising from any such denial.

  • No modification, amendment, extension, discharge, termination or waiver of any provision of this Agreement or of any other Loan Document, nor consent to any departure by Borrower or Leasehold Pledgor therefrom, shall in any event be effective unless the same shall be in a writing signed by the party or parties against whom enforcement is sought, and then such waiver or consent shall be effective only in the specific instance, and for the purpose, for which given.

  • All property level (but not upper-tier or consolidated) monthly and other operating statements to be delivered by or on behalf of Borrower or Leasehold Pledgor hereunder shall be (and all accompanying Officer’s Certificates shall state that they have been) prepared based upon the Uniform System of Accounts for Hotels, current edition.

  • Borrower and Leasehold Pledgor shall cooperate fully with Lender with respect to any proceedings before any court, board or other Governmental Authority which may in any way affect the rights of Lender hereunder or any rights obtained by Lender under any of the other Loan Documents and, in connection therewith, permit Lender, at its election, to participate in any such proceedings.

  • Lender acknowledges that any restrictions herein or in the other Loan Documents on the actions of Borrower and Leasehold Pledgor and any approvals Borrower or Leasehold Pledgor is required to obtain from Lender shall be subject to the rights and discretion of the applicable Brand Manager with respect to such Individual Properties pursuant to the terms of the applicable Management Agreements.

  • Borrower and Leasehold Pledgor hereby expressly waives the right to receive any notice from Lender with respect to any matter for which this Agreement or the other Loan Documents do not specifically and expressly provide for the giving of notice by Lender to Borrower.

  • Borrower shall promptly advise Lender of the occurrence of any Default or Event of Default of which Borrower or Leasehold Pledgor has knowledge.

  • Borrower and Leasehold Pledgor shall pay and otherwise perform the Obligations in accordance with the terms of this Agreement and the other Loan Documents.

  • Each fiscal year of Borrower and Leasehold Pledgor commences on January 1.