Common use of Title to the Properties Clause in Contracts

Title to the Properties. Borrower shall and shall cause Mortgage Borrower and Baltimore Owner to warrant and defend (a) the title to each Individual Property and every part thereof, subject only to Liens permitted hereunder and under the Mortgage Loan Agreement (including Permitted Encumbrances) and (b) the validity and priority of the Liens of the Mortgages and the Assignments of Leases and the Liens of the Pledge Agreement, subject only to Liens permitted hereunder (including Permitted Encumbrances), in each case against the claims of all Persons whomsoever. Borrower shall reimburse Lender for any losses, costs, damages or expenses (including reasonable attorneys’ fees and court costs) incurred by Lender if an interest in the Collateral, other than as permitted hereunder, is claimed by another Person.

Appears in 3 contracts

Samples: Mezzanine B Loan Agreement (Wyndham International Inc), Mezzanine a Loan Agreement (Wyndham International Inc), Mezzanine C Loan Agreement (Wyndham International Inc)

AutoNDA by SimpleDocs

Title to the Properties. Borrower shall cause Xxxxxx Cushion Entity and shall cause Mortgage Borrower and Baltimore Owner Xxxxxx Borrowers to warrant and defend (a) the title to each Individual Property and every part thereof, subject only to Liens permitted hereunder and under the Xxxxxx Mortgage Loan Agreement (including Permitted Encumbrances) and (b) the validity and priority of the Liens of the Mortgages and the Assignments of Leases and the Liens of the Pledge Agreement, subject only to Liens permitted hereunder (including Permitted Encumbrances), in each case against the claims of all Persons whomsoever. Borrower shall reimburse Lender for any losses, costs, damages or expenses (including reasonable attorneys’ fees and court costs) incurred by Lender if an interest in the Collateral, other than as permitted hereunder, is claimed by another Person.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Wyndham International Inc)

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