Eagle Hospitality Trust

[angtc11]

I think the worst case scenario depends on the various agreements of QM lease.
My layman understanding is
1) the city leased QM to UC with the responsibility on UC to maintain the ship.
2) UC sold this QM lease to EHT
3) A UC subsidiary leases it back on a triple net lease to operate the hotel.
4) This triple net lease is the basis of EHT assertion that UC (subsidiary i suppose) is liable.

However 3) might be flimsy as there are lease termination clauses. If the lease is terminated, is UC still on the hook? I think that depends on what was sold to EHT in 2)
Please correct me if i am wrong, appreciate any further insights too.

Not vested