Common use of Principal Properties Clause in Contracts

Principal Properties. Cause the Borrower’s direct or indirect interest in each Principal Property to be acquired directly by the Borrower or through a Wholly Owned Subsidiary that holds no other material assets other than such Principal Property and assets relating thereto.

Appears in 2 contracts

Sources: Senior Unsecured Credit Agreement (Choice Hotels International Inc /De), Senior Secured Credit Agreement (Choice Hotels International Inc /De)