Common use of Material Property Agreements Clause in Contracts

Material Property Agreements. Each Individual Borrower and Individual Operating Lessee shall at all times comply in all material respects with all Material Property Agreements to which it is a party or otherwise bound. Each Individual Borrower and Individual Operating Lessee agrees that, without the prior written consent of Lender, such party will not amend, modify or terminate any of the Material Property Agreements to which it is a party or otherwise bound in any material and adverse respect.

Appears in 1 contract

Sources: Loan Agreement (Park Hotels & Resorts Inc.)

Material Property Agreements. Each Individual of Borrower and Individual Operating Lessee shall at all times comply in all material respects with all Material Property Agreements to which it is a party or otherwise bound. Each Individual of Borrower and Individual Operating Lessee agrees agree that, without the prior written consent of Lender, such party will not amend, modify or terminate any of the Material Property Agreements to which it is a party or otherwise bound in any material and adverse respect.

Appears in 1 contract

Sources: Loan Agreement (Park Hotels & Resorts Inc.)