Common use of Other Notes Clause in Contracts

Other Notes. Any amounts applied to reduce the payment Obligations evidenced by any New York Term Note shall correspondingly reduce the Obligations of the Borrower evidenced by the other Notes on a dollar-for-dollar basis.

Appears in 7 contracts

Sources: Senior Unsecured Credit Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (LaSalle Hotel Properties), Senior Unsecured Credit Agreement (LaSalle Hotel Properties)

Other Notes. Any amounts applied to reduce the payment Obligations evidenced by any New York YorkQualified 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 1 contract

Sources: Credit Agreement (Hersha Hospitality Trust)