Common use of Other Notes Clause in Contracts

Other Notes. Any amounts applied to reduce the payment Obligations evidenced by any Qualified Term Note shall correspondingly reduce the Obligations of the Borrower evidenced by the other Notes (which are not Qualified Term Notes) on a dollar-for-dollar basis. 

Appears in 4 contracts

Sources: Credit Agreement (Hersha Hospitality Trust), Term Loan Agreement (Hersha Hospitality Trust), Credit Agreement (Hersha Hospitality Trust)

Other Notes. Any amounts applied to reduce the payment Obligations evidenced by any Qualified Term Note shall correspondingly reduce the Obligations of the Borrower evidenced by the other Notes (which are not Qualified Term Notes) on a dollar-for-dollar basis. .

Appears in 2 contracts

Sources: Term Loan Agreement (Hersha Hospitality Trust), Term Loan Agreement (Hersha Hospitality Trust)