Sunstone Hotel Investors

As a condition of the loan, the borrowers were required to cure within six months an existing default under the Franchise Agreement for the Embassy Suites at 9801 Airport Boulevard, Los Angeles arising from the facility's failure to comply with the 'Product Improvement Plan.'

“With respect to the Embassy Suites located at 9801 Airport Boulevard, Los Angeles, California, the Borrowers, within six (6) months after the date hereof, shall cure all defaults under the Franchise Agreement relating to such facility arising from the failure of such facility to comply with the 'Product Improvement Plan' relating thereto.”

As a condition of the loan, the borrowers were required to cure within six months an existing default under the Franchise Agreement for the Four Points Sheraton Silverthorne property arising from the facility's failure of the 'Guest Satisfaction Index.'

“With respect to the Four Points Sheraton Silverthorne located at 560 Silverthorne Lane, Silverthorne, Colorado, the Borrowers, within six (6) months after the date hereof, shall cure all defaults under the Franchise Agreement relating to such facility arising from such facility's failure of the 'Guest Satisfaction Index' relating thereto.”