Document:

Exhibit 10.108

10-Q

Exhibit
10.108

AMENDMENT TO
NOTE 

THIS
AMENDMENT TO NOTE, dated as of March 29, 2005 (this Amendment), is
made by and between CNL HOTEL
DEL PARTNERS LP, a Delaware limited partnership (Borrower) having
an office at c/o CNL Hotels & Resorts, Inc., Center at City Commons, 450
South Orange Avenue, Orlando, Florida 32801, and GERMAN AMERICAN CAPITAL
CORPORATION, a Maryland corporation, having an office at 60 Wall Street, New
York, New York 10005 (together with its successors and assigns, Lender).

WHEREAS,
Borrower delivered to Lender that certain Note in favor of Lender in the
original principal amount of Two Hundred Thirty Million Dollars ($230,000,000),
dated February 9, 2005 (the Note), which
Note is secured by, among other things, (i) that
certain Loan and Security Agreement, dated as of February 9, 2005, by and
between Borrower and Lender, and (ii) that certain Deed of Trust, Security
Agreement, Financing Statement, Fixture Filing and Assignment of Leases, Rents,
Hotel Revenue and Security Deposits, dated as of February 9, 2005, by and
between Borrower, Hotel Del Coronado, LP, and Lender; and

WHEREAS,
Borrower and Lender desire to amend the terms of the Note as provided in this
Amendment.

NOW
THEREFORE, in consideration of Ten Dollars ($10.00) paid in hand, the foregoing
premises and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Borrower and Lender agree to amend the Note as
follows:

	
      1.
	
      Capitalized
      terms used in this Amendment and not defined herein shall have the
      respective meanings provided in the Note.

	 	 	 	 
	
      2.
	
      Section
      1(b) of the Note is hereby amended as follows:

	 	 	 	 
	 	
      The
      definition of LIBOR
      Margin is
      deleted in its entirety and replaced with the following:

       

	 	
      "LIBOR
      Margin
      shall mean 98.91304 basis points (0.9891304%) per annum."

       

	
      3.
	
      Except
      as amended by this Amendment, the Note shall continue to remain in full
      force and effect.

	 	 	 	 
	
      4.
	
      This
      Amendment shall be governed by the laws of the State of New York, without
      regard to choice of law rules.

	 	 	 	 
	
      5.
	
      This
      Amendment may be executed in one or more counterparts, each of which shall
      constitute an original and all of which when taken together shall
      constitute one binding agreement.

	 	 	 	 
	
      6.
	
      The
      provisions of this Amendment are severable, and if any one clause or
      provision hereof shall be held invalid or unenforceable in whole or in
      part, then such invalidity or unenforceability shall affect only such
      clause or provision, or part thereof, and not any other clause or
      provision of this Amendment.

[REMAINDER
OF PAGE INTENTIONALLY BLANK]

2

IN
WITNESS WHEREOF, the parties hereto have entered into this Amendment on the date
first written above.

 

-

BORROWER:

CNL HOTEL
DEL PARTNERS, LP, 

a
Delaware limited partnership

By: CNL Hotel
Del Partners GP, LLC, 

a
Delaware limited liability company,

its
General Partner

By:
/s/
Barry A.N. Bloom   

Name: Barry
A.N. Bloom

Title: Senior
Vice President

[Lender
signature on following page]

LENDER:

GERMAN
AMERICAN CAPITAL CORPORATION, a Maryland corporation

By:
/s/
Todd O. Sammann   

Name: Todd O.
Sammann

Title: Vice
President

By:
/s/
Tobin Cobb    

Name: Tobin
Cobb

Title: Vice
President

 

10-QExhibit 10.109

10-Q

Exhibit
10.109

AMENDMENT TO MEZZANINE
NOTE 

(SENIOR
MEZZANINE)

THIS
AMENDMENT TO MEZZANINE NOTE (SENIOR MEZZANINE), dated as of March 29, 2005 (this
Amendment), is
made by and between CNL HOTEL
DEL SENIOR MEZZ PARTNERS, LP, a Delaware limited partnership (Mezzanine
Borrower) having
an office at c/o CNL Hotels & Resorts, Inc., Center at City Commons, 450
South Orange Avenue, Orlando, Florida 32801, and GERMAN AMERICAN CAPITAL
CORPORATION, a Maryland corporation, having an office at 60 Wall Street, New
York, New York 10005 (together with its successors and assigns, Mezzanine
Lender).

WHEREAS,
Mezzanine Borrower delivered to Mezzanine Lender that certain Mezzanine Note
(Senior Mezzanine) in favor of Mezzanine Lender in the original principal amount
of Ninety Million Dollars ($90,000,000), dated February 9, 2005 (the
Mezzanine
Note), which
Mezzanine Note is secured by, among other things, (i) that
certain Mezzanine Loan and Security Agreement (Senior Mezzanine), dated as of
February 9, 2005, by and between Mezzanine Borrower and Mezzanine Lender, and
(ii) that certain Pledge and Security Agreement (Senior Mezzanine), dated as of
February 9, 2005, by and between Mezzanine Borrower and Mezzanine Lender;
and

WHEREAS,
Mezzanine Borrower and Mezzanine Lender desire to amend the terms of the
Mezzanine Note as provided in this Amendment.

NOW
THEREFORE, in consideration of Ten Dollars ($10.00) paid in hand, the foregoing
premises and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Mezzanine Borrower and Mezzanine Lender agree
to amend the Mezzanine Note as follows:

	
      1.
	
      Capitalized
      terms used in this Amendment and not defined herein shall have the
      respective meanings provided in the Mezzanine Note.

	 	 	 	 
	2.
	
      Section
      1(b) of
      the Mezzanine Note is hereby amended as follows:

	 	 	 	 
	 	
      The
      definition of LIBOR
      Margin is
      deleted in its entirety and replaced with the following:

       

	 	
      "LIBOR
      Margin
      shall mean 225 basis points (2.25%) per annum."

       

	
      3.
	
      Except
      as amended by this Amendment, the Mezzanine Note shall continue to remain
      in full force and effect.

	 	 	 	 
	
      4.
	
      This
      Amendment shall be governed by the laws of the State of New York, without
      regard to choice of law rules.

	 	 	 	 
	
      5.
	
      This
      Amendment may be executed in one or more counterparts, each of which shall
      constitute an original and all of which when taken together shall
      constitute one binding agreement.

	 	 	 	 
	
      6.
	
      The
      provisions of this Amendment are severable, and if any one clause or
      provision hereof shall be held invalid or unenforceable in whole or in
      part, then such invalidity or unenforceability shall affect only such
      clause or provision, or part thereof, and not any other clause or
      provision of this Amendment.

[REMAINDER
OF PAGE INTENTIONALLY BLANK]

2

IN
WITNESS WHEREOF, the parties hereto have entered into this Amendment on the date
first written above.

 

MEZZANINE
BORROWER:

CNL HOTEL
DEL SENIOR MEZZ 

PARTNERS,
LP, a Delaware limited partnership

By: CNL Hotel
Del Senior Mezz Partners

GP, LLC,
a Delaware limited liability company,

its
General Partner

By:
/s/
Barry A.N. Bloom   

Name: Barry
A.N. Bloom

Title: Senior
Vice President

[Mezzanine
Lender signature on following page]

MEZZANINE
LENDER:

GERMAN
AMERICAN CAPITAL CORPORATION, a Maryland corporation

By:
/s/
Todd O. Sammann   

Name: Todd O.
Sammann

Title:
 Vice
President

By:
/s/
Tobin Cobb    

Name: Tobin
Cobb

Title: Vice
President

10-QExhibit 10.110

10-Q

Exhibit
10.110

OMNIBUS
AMENDMENT
TO 

LOAN
DOCUMENTS

This
OMNIBUS AMENDMENT TO LOAN DOCUMENTS, dated as of March 29, 2005 (this
Amendment), by and
among CNL HOTEL
DEL PARTNERS LP, a Delaware limited partnership (Borrower), having
an office c/o CNL Hotels & Resorts, Inc., Center at City Commons, 450 South
Orange Avenue, Orlando, Florida 32801, KSL DC
OPERATING, LLC, a Delaware limited liability company (KSL
Guarantor), having
an office c/o KSL II Management Operations, LLC, 50-905 Avenida Bermudas, La
Quinta, California 92253, CNL HOSPITALITY PARTNERS, LP, a Delaware limited
partnership (CNL
Guarantor; and
together with KSL Guarantor, Guarantor), having
an office c/o CNL Hotels & Resorts, Inc., Center at City Commons, 450 South
Orange Avenue, Orlando, Florida 32801, HOTEL DEL CORONADO, LP, a Delaware
limited partnership (Operating
Lessee), having
an address at 50-905 Avenida Bermudas, La Quinta, California 92253, KSL DC
MANAGEMENT LLC (Manager), having
an address at 50-905 Avenida Bermudas, La Quinta, California 92253, and GERMAN
AMERICAN CAPITAL CORPORATION, a Maryland corporation, having an office at 60
Wall Street, New York, New York 10005 (together with its successors and assigns,
Lender).

WHEREAS,
pursuant to that certain Loan and Security Agreement, dated as of February 9,
2005 (the Loan Agreement), by and
between Borrower and Lender, Lender made a loan to Borrower in the principal
amount of $230,000,000 (the Loan), which
Loan is evidenced by that certain Note, dated as of February 9, 2005 (the
Note), made
by Borrower in favor of Lender, as amended pursuant to that certain Amendment to
Note, dated as of the date hereof, by and between Borrower and Lender (the
Amendment
to Note);

WHEREAS,
the Loan is secured by, among other things, (i) that certain Deed of Trust,
Security Agreement, Financing Statement, Fixture Filing and Assignment of
Leases, Rents, Hotel Revenue and Security Deposits, dated as of February 9, 2005
(the Security
Instrument), by and
among Borrower, Operating Lessee, and Lender, (ii) that certain Account and
Control Agreement, dated as of February 9, 2005 (the Cash
Management Agreement), by and
among Borrower, Lender, and Cash Management Bank; (iii) that certain Manager's
Consent, Subordination of Management Agreement, and Non-Disturbance Agreement,
dated as of February 9, 2005 (the Manager's
Consent), by and
among Borrower, Operating Lessee, Manager, and Lender, (iv) that certain
Guaranty of Recourse Obligations, dated as of February 9, 2005 (the Guaranty), by
Guarantor for the benefit of Lender, (v) that certain Environmental Indemnity,
dated as February 9, 2005 (the Environmental Indemnity), by
Guarantor for the benefit of Lender, and (vi) that certain Trademark Security
Agreement, dated as of February 9, 2005 (the Trademark
Agreement), from
Borrower to Lender (the Loan Agreement, the Note, the Security Instrument, the
Cash Management Agreement, the Manager's Consent, 

the
Guaranty, the Environmental Indemnity, and the Trademark Agreement are
hereinafter collectively referred to as the Loan Documents);
and

WHEREAS,
Borrower, CNL Guarantor, KSL Guarantor, Manager, Operating Lessee, and Lender
desire to amend the Loan Documents as set forth herein.

NOW
THEREFORE, in consideration of Ten Dollars ($10.00) paid in hand, the foregoing
premises and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Borrower, CNL Guarantor, KSL Guarantor,
Manager, Operating Lessee, and Lender agree to amend the Loan Documents as
follows:

	
      1.

       
	
      Definitions.
      Capitalized terms used in this Amendment and not defined herein shall have
      the meaning provided in the Loan Agreement.

       

	
      2.

       
	
      Amendment
      to Loan Agreement. The Loan Agreement is hereby amended as
      follows:

       

	 	
      (i)
      

       
	
      by
      deleting the definitions of "Intermediate Mezzanine Loan," "Intermediate
      Mezzanine Note," "Junior Mezzanine Loan," and "Junior Mezzanine Note" in
      Section 1.1 and inserting the following in their place and
      stead:

       

	 	 	
      "Intermediate
      Mezzanine Loan
      shall mean that certain mezzanine loan from Intermediate Mezzanine Lender
      to the Intermediate Mezzanine Borrower in the original principal of
      $20,000,000 that is evidenced and secured by the Intermediate Mezzanine
      Loan Documents."

       

	 	 	
      "Intermediate
      Mezzanine Note
      shall mean that certain Mezzanine Note (Intermediate Mezzanine), dated the
      date hereof, made by Intermediate Mezzanine Borrower, as maker, in favor
      of Intermediate Mezzanine Lender, as payee, in the original principal
      amount of $20,000,000, as the same may be amended, restated, replaced,
      supplemented or otherwise modified from time to time."

       

	 	 	
      "Junior
      Mezzanine Loan
      shall mean that certain mezzanine loan from Junior Mezzanine Lender to the
      Junior Mezzanine Borrower, to be funded on or after the date hereof, in
      the original principal amount of up to $60,000,000, that will be evidenced
      and secured by the Junior Mezzanine Loan Documents."

       

2

	 	 	
      "Junior
      Mezzanine Note
      shall mean that certain Mezzanine Note (Junior Mezzanine), to be funded on
      or after the date hereof, made by Junior Mezzanine Borrower, as maker, in
      favor of Junior Mezzanine Lender, as payee, in the original principal
      amount of up to $60,000,000."

       

	 	
      (ii)

       
	
      by
      deleting Section 3.1.5(a) (ix) in its entirety and inserting the following
      in its place and stead: 

       

	 	 	
      “(ix)
      during any Low DSCR Period, funds in an amount equal to 75% of the balance
      (if any) remaining or deposited into the Holding Account after the
      foregoing deposits set forth in Sections 3.1.5(a)(i) through (viii) and
      transfer the same to the Low DSCR Reserve Account; and"

       

	
      3.

       
	
      Document
      References. All references to the Note in any of the Loan Documents shall
      be deemed to be a reference to the Note as amended by the Amendment to
      Note.

       

	
      4.

       
	
      LIBOR
      Margin. All references to "LIBOR Margin" in any of the Loan Documents
      shall be deemed to be a reference to the definition of "LIBOR Margin" as
      set forth in the Amendment to Note.

       

	
      5.

       
	
      Full
      Force and Effect. Except as amended by this Amendment, each of the Loan
      Documents shall continue to remain in full force and effect.

       

	
      6.

       
	
      Headings.
      Each of the captions contained in this Amendment are for the convenience
      of reference only and shall not define or limit the provisions
      hereof.

       

	7.

       
	
      Governing Law.
      This Amendment shall be governed by the laws of the State of New York,
      without regard to choice of law rules.

       

	
      8.

       
	
      Counterparts.
      This Amendment may be executed in one or more counterparts, each of which
      shall constitute an original and all of which when taken together shall
      constitute one binding agreement.

       

	
      9.

       
	
      Severability.
      The provisions of this Amendment are severable, and if any one clause or
      provision hereof shall be held invalid or unenforceable in whole or in
      part, then such invalidity or unenforceablity shall affect only such
      clause or provision, or part thereof, and not any other clause or
      provision of this Amendment.

       

[REMAINDER
OF PAGE INTENTIONALLY BLANK]

3

IN
WITNESS WHEREOF, the parties hereto have entered into this Amendment on the date
first written above.

-

BORROWER:

CNL HOTEL
DEL PARTNERS LP, a Delaware limited partnership

By: CNL Hotel
Del Partners GP, LC, 

a
Delaware limited liability company, its general partner

By:
/s/
Barry A.N. Bloom  

Name: Barry
A.N. Bloom

Title: Senior
Vice President

OPERATING
LESSEE:

HOTEL DEL
CORONADO, LP,

a
Delaware limited partnership

By:
/s/
Barry A.N. Bloom  

Name: Barry
A.N. Bloom

Title: Senior
Vice President

MANAGER:

 

KSL DC
MANAGEMENT, LLC,

a
Delaware limited liability company

By:
/s/
Eric Reznick

Name: Eric
Reznick

Title:
Chief Financial Officer  

KSL GUARANTOR:

KSL DC
OPERATING, LLC,

a
Delaware limited liability company

By:
 KSL DC
Corporation,

a
Delaware corporation,

its
managing member

By:
/s/
Eric Reznick

Name: Eric
Reznick

Title:
Chief Financial Officer

CNL
GUARANTOR:

CNL
HOSPITALITY PARTNERS, LP,

a
Delaware limited partnership

By: CNL
Hospitality GP Corp., 

a
Delaware corporation,

its
general partner,

By:
/s/
Barry A.N. Bloom  

Name: Barry
A.N. Bloom

Title: Senior
Vice President

LENDER:

GERMAN
AMERICAN CAPITAL 

CORPORATION,
a Maryland corporation

By:
/s/
Todd O. Sammann

Name:
Todd O. Sammann

Title:
Vice President

By:
/s/
Eric Schwartz

Name:
Eric Schwartz

Title:
Vice President

 

10-Q

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00085-of-00352.parquet"}]]