Common use of Other Notes Clause in Contracts

Other Notes. Each New York Term Note shall evidence a portion of the same payment Obligations under the Credit Documents as those evidenced by the Notes. So long as (but only so long as) any New York Mortgage is held by the Administrative Agent as the mortgagee thereunder, then for purposes of Article VII, the indebtedness evidenced by the related New York Term Note shall be deemed to constitute Unsecured Indebtedness hereunder and shall not constitute Secured Indebtedness.

Appears in 5 contracts

Samples: Pledge and Security Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (LaSalle Hotel Properties)

AutoNDA by SimpleDocs

Other Notes. Each New York Term Note shall evidence a portion of the same payment Obligations under the Credit Loan Documents as those evidenced by the Notes. So long as (but only so long as) any New York Mortgage is held by the Administrative Agent as the mortgagee thereunder, then for purposes of Article VIISection 5.04, the indebtedness Debt evidenced by the related New York Term Note shall be deemed to constitute Unsecured Indebtedness unsecured Debt hereunder and shall not constitute Secured Indebtednesssecured Debt.

Appears in 2 contracts

Samples: Credit Agreement (Hersha Hospitality Trust), Credit Agreement (Hersha Hospitality Trust)

AutoNDA by SimpleDocs

Other Notes. Each New York YorkQualified Term Note shall evidence a portion of the same payment Obligations under the Credit Loan Documents as those evidenced by the Notes. So long as (but only so long as) any New York YorkQualified Mortgage is held by the Administrative Agent as the mortgagee thereunder, then for purposes of Article VIISection 5.04, the indebtedness Debt evidenced by the related New York YorkQualified Term Note shall be deemed to constitute Unsecured Indebtedness unsecured Debt hereunder and shall not constitute Secured Indebtednesssecured Debt.

Appears in 1 contract

Samples: Credit Agreement (Hersha Hospitality Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.