PR Guaranty definition

PR Guaranty means that certain Guaranty Agreement of even date herewith from PR Tenant to TRS2 and Trust, as the same may hereafter be amended, restated, modified, supplemented, or otherwise altered.
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PR Guaranty means that certain Guaranty Agreement dated as of February 16, 2005 from PR Tenant to TRS2 and Trust, as the same may hereafter be amended, restated, modified, supplemented, or otherwise altered.
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PR Guaranty shall have the meaning given to such term in the Guaranty.
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Examples of PR Guaranty in a sentence

  • Guarantor acknowledges and agrees that at any time there is any amount due and otherwise payable under the PR Guaranty, HPT shall be entitled to treat any payment by Guarantor as a payment by the PR Tenant under the PR Guaranty and to the extent HPT so elects such payment shall not result in a reduction in the Outstanding Balance.

  • PR Tenant also confirms that all references to the “Management Agreement” to the PR Guaranty shall refer to the Management Agreement (as defined in the Amendment) as amended by the Amendment and that the PR Guaranty remains in full force and effect.

  • PR Tenant agrees that the definition of “Guaranteed Obligations” in the PR Guaranty is amended to include payment of Owner’s Pool B Priority (as defined in the Amendment) as and when due under the Management Agreement determined without respect to Gross Revenues thereunder.

  • PR Tenant acknowledges, agrees and confirms that all references to the “Management Agreement” in the PR Guaranty shall refer to the Management Agreement (as defined in the Amendment) as amended by the Amendment and to any Affiliate Management Agreement (as defined in the Amendment), including, without limitation, that certain Amended and Restated Management Agreement, dated as of the date hereof, between HPT TRS IHG-2, Inc.

  • PR Tenant also confirms that the PR Guaranty remains in full force and effect.


More Definitions of PR Guaranty

PR Guaranty shall have the meaning given to such term in the Guaranty. ---------- (2) In connection with the closing of the Purchase Agreement, Owner and Manager shall complete all of the blanks in the definition of Owner's Second Priority. Such blanks will be completed with the understanding that the Owner's Second Priority will equal the sum of the amounts set forth as the Raw Second Priority Amount for each of the Hotels on Annex 1.
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PR Guaranty shall have such meaning given to such term in the IHG Guaranty.
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