Existence and Authority. If requested by Lender, Borrower shall have provided Lender with evidence that Borrower and any Guarantor are in good standing under the laws of their state of formation and in each state in which any collateral for the Loan is located and that the person or persons executing this Modification on behalf of Borrower and any Guarantor are duly authorized to do so.
Appears in 5 contracts
Samples: Loan Modification Agreement (Supertel Hospitality Inc), Loan Modification Agreement (Summit Hotel Properties, Inc.), Loan Modification Agreement (Summit Hotel Properties, Inc.)
Existence and Authority. If requested by Lender, Borrower shall have provided Lender with evidence that Borrower and any Guarantor are is in good standing under the laws of their state of formation and in each state in which any collateral for the Loan is located and that the person or persons executing this Modification on behalf of Borrower and any Guarantor are is duly authorized to do so.
Appears in 2 contracts
Samples: Loan Modification Agreement (Summit Hotel OP, LP), Loan Modification Agreement (Summit Hotel Properties LLC)
Existence and Authority. If requested by Lender, Borrower shall have provided Lender with evidence that Borrower and any Guarantor are in good standing under the laws of their state of formation and in each state in which any collateral for the Loan Loans is located and that the person or persons executing this Modification on behalf of Borrower and any Guarantor are duly authorized to do so.
Appears in 1 contract
Samples: Loan Modification Agreement (Supertel Hospitality Inc)
Existence and Authority. If requested by Lender, Borrower shall have provided Lender with evidence that Borrower and any Guarantor are in good standing under the laws of their state of formation and in each state in which any collateral for the Loan is located and that the person or persons executing this Modification on behalf of Borrower and any Guarantor are duly authorized to do so.
Appears in 1 contract
Samples: Loan Modification Agreement (Supertel Hospitality Inc)