Extract to table

1 — Defined Terms As used in this Agreement, the following terms shall have the meanings ascribed to them below

Capitalized terms used but not otherwise defined in this Agreement shall have the meanings ascribed to such terms in the Loan Agreement

The Annual Budget shall include, without limitation, projected operating revenues and expenses, a capital expenditure budget, and an FF&E replacement budget

2 — Rules of Construction (a) All capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Loan Agreement, unless the context clearly requires otherwise

(b) This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, without regard to its conflict of laws principles

(c) The headings of the articles, sections, and subsections of this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof