Credit Commitment. OPCO shall have received a commitment from AGH OP for a $50,000,000 line of credit at an interest rate no greater than LIBOR plus 350 basis points and payable quarterly. The line of credit will have other terms and conditions customary of a commitment of this type.
Appears in 2 contracts
Sources: Merger Agreement (American General Hospitality Corp), Merger Agreement (Capstar Hotel Co)