Common use of Note Holder Clause in Contracts

Note Holder. KSL CAPITAL PARTNERS CO TRUST II, A. Description of Mortgage Loan: Mortgage Loan Borrower: GWGG, LLC, a Delaware limited liability company Date of Mortgage Loan: March 11, 2019 Date of Notes: Notes ▇-▇, ▇-▇, ▇-▇, ▇-▇ and A-5 – March 13, 2019 Note B-1 – March 11, 2019 Initial Principal Amount of Mortgage Loan: $170,000,000.00 Location of Mortgaged Property: Garden Grove, Orange County, California Current Use of Mortgaged Property: Exclusively as a hotel, waterpark, arcade, miniature golf, salon, restaurants, conference room, meeting space, for entertainment and other appurtenant and related uses. Mortgage Interest Rate: a rate per annum equal to (i) 5.233% with respect to Notes ▇-▇, ▇-▇, ▇-▇, ▇-▇ and A-5 and (ii) 10.75% with respect to Note B-1 Mortgage Loan Default Rate: A rate per annum equal to the lesser of (i) the Maximum Legal Rate, or (ii) the sum of (a) the Interest Rate and (b) four percent (4%). Maturity Date: March 11, 2029 B. Description of Notes: Note A-1 Principal Balance: $30,000,000.00 Note A-2 Principal Balance: $25,000.000.00 Note A-3 Principal Balance: $25,000.000.00 Note A-4 Principal Balance: $50,000.000.00 Note A-5 Principal Balance: $20,000.000.00 Note B-1 Principal Balance: $20,000,000.00 Note A Interest Rate: 5.233% Note B Interest Rate: 10.75%