Common use of Additional Responsibilities of Manager Clause in Contracts

Additional Responsibilities of Manager. 4.06.1 Manager shall in its own name, perform the following additional services, or cause the same to be performed for the Hotel: (a) establish and revise, as necessary, administrative policies and procedures, including policies and procedures for the control of revenue and expenditures, for the purchasing of supplies and services, for the control of credit, and for the scheduling of maintenance, and verify that the foregoing procedures are operating in a sound manner; (b) subject to compliance with the applicable Capital Renewals Budget and subject to Section 4.06.02(b) hereof, and if directed by the Lessee, make all repairs, decorations, revisions, alterations and improvements to the Hotel as shall be reasonably necessary for the proper maintenance thereof in good order, condition and repair; (c) subject to Section 4.06.02(b) hereof, purchase such Operating Equipment and Operating Supplies as shall be reasonably necessary for the proper operation of the Hotel in accordance with the Operating Budgets; (d) apply for, and use its reasonable best effort to obtain and maintain, all licenses and permits required of Lessee or Manager in connection with the operation and management of the Hotel; Lessee agrees to execute and deliver any and all applications and other documents as shall be reasonably required and to otherwise cooperate, in all reasonable respects, with Manager in applying for, obtaining and maintaining such licenses and permits; (e) use its reasonable best efforts to do, or cause to be done, all such acts and things in and about the Hotel as shall be reasonably necessary to comply with Legal Requirements and the terms of all insurance policies, and to discharge any lien, encumbrance or charge on or with respect to the Hotel and the operation thereof, other than Permitted Exceptions; (f) in accordance with the Operating Budgets, pay all Impositions and insurance premiums, when due; (g) use its reasonable best efforts to cause the Hotel to comply with all applicable covenants and provisions of the Ground Lease (if any) and Mortgage, and pay, when due, the installments of rental under the Ground Lease (if any) and of principal and interest on the Mortgage, if directed by the Lessee; and (h) subject to the prior written approval of Lessee, retain legal counsel for the Hotel, which legal counsel shall perform legal services under the direction of Manager.

Appears in 2 contracts

Samples: Management Agreement (Equity Inns Inc), Management Agreement (Equity Inns Inc)

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Additional Responsibilities of Manager. 4.06.1 Manager shall in its own nameshall, as agent of Owner, perform the following additional services, or cause the same to be performed for the Hotelmarine aspects of the Vessel during the Operating Period: (a) establish and revise, as necessary, administrative policies and procedures, including policies and procedures advise Owner relative to contracts for the control furnishing of revenue utilities and expenditures, maintenance and other service to the Vessel as shall be reasonably necessary for the purchasing of supplies proper marine operation and services, for the control of credit, and for the scheduling of maintenance, and verify that the foregoing procedures are operating in a sound mannermaintenance thereof; (b) subject to compliance with the applicable Capital Renewals Budget and subject to Section 4.06.02(b) hereof, and if directed by the Lessee, make all maritime repairs, decorations, revisions, alterations and improvements to the Hotel Vessel as shall be reasonably necessary for the proper maintenance thereof in good order, condition and repair; (c) subject to Section 4.06.02(b) hereof, purchase Purchase such Operating Equipment and Operating Supplies as shall be reasonably necessary for the proper maritime operation of the Hotel in accordance with the Operating BudgetsVessel; (d) apply for, and use its reasonable best effort efforts to obtain and maintain, all licenses and permits required of Lessee the Owner or Manager in connection with the operation and management of the HotelVessel (other than gaming related licenses); Lessee Owner agrees to execute and deliver any and all applications and other documents as shall be reasonably required and to otherwise cooperate, in all reasonable respects, with Manager in applying for, obtaining and maintaining such licenses and permits; (e) use its reasonable best efforts to do, or cause to be done, all such acts and things in and about the Hotel Vessel as shall be reasonably necessary to comply with all Legal Requirements and the terms of all insurance policies, and to discharge any lien, encumbrance or charge on or with respect to the Hotel Vessel and the operation thereofthereof when such lien, other than Permitted Exceptions; (f) in accordance encumbrance or charge on or with respect to the Operating Budgets, pay all Impositions and insurance premiums, when due; (g) use its reasonable best efforts to cause the Hotel to comply with all applicable covenants and provisions vessel has been incurred directly as a result of the Ground Lease (if any) and Mortgage, and pay, when due, conduct of the installments of rental under the Ground Lease (if any) and of principal and interest on the Mortgage, if directed by the Lessee; and (h) subject to the prior written approval of Lessee, retain legal counsel for the Hotel, which legal counsel shall perform legal services under the direction of Manager.

Appears in 1 contract

Samples: Marine Management Services Agreement (Showboat Marina Investment Partnership)

Additional Responsibilities of Manager. 4.06.1 Manager shall in its own name, perform the following additional services, or cause the same to be performed for the Hotel: (a) establish and revise, as necessary, administrative policies and procedures, including policies and procedures for the control of revenue and expenditures, for the purchasing of supplies and services, for the control of credit, and for the scheduling of maintenance, and verify that the foregoing procedures are operating in a sound manner; (b) subject to compliance with the applicable Capital Renewals Budget and subject to Section 4.06.02(b) hereof, and if directed by the LesseeOwner, make all repairs, decorations, revisions, alterations and improvements to the Hotel as shall be reasonably necessary for the proper maintenance thereof in good order, condition and repair; (c) subject to Section 4.06.02(b) hereof, purchase such Operating Equipment and Operating Supplies as shall be reasonably necessary for the proper operation of the Hotel in accordance with the Operating Budgets; (d) apply for, and use its reasonable best effort to obtain and maintain, all licenses and permits required of Lessee Owner or Manager in connection with the operation and management of the Hotel; Lessee Owner agrees to execute and deliver any and all applications and other documents as shall be reasonably required and to otherwise cooperate, in all reasonable respects, with Manager in applying for, obtaining and maintaining such licenses and permits; (e) use its reasonable best efforts to do, or cause to be done, all such acts and things in and about the Hotel as shall be reasonably necessary to comply with Legal Requirements and the terms of all insurance policies, and to discharge any lien, encumbrance or charge on or with respect to the Hotel and the operation thereof, other than Permitted Exceptions; (f) in accordance with the Operating Budgets, pay all Impositions and insurance premiums, when due; (g) use its reasonable best efforts to cause the Hotel to comply with all applicable covenants and provisions of the Ground Lease (if any) and Mortgage, and pay, when due, the installments of rental under the Ground Lease (if any) and of principal and interest on the Mortgage, if directed by the LesseeOwner; and (h) subject to the prior written approval of LesseeOwner, retain legal counsel for the Hotel, which legal counsel shall perform legal services under the direction of Manager.

Appears in 1 contract

Samples: Management Agreement (American Realty Capital Hospitality Trust, Inc.)

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Additional Responsibilities of Manager. 4.06.1 Manager shall in its own nameManager, as agent shall, perform the following additional services, or cause the same to be performed for the Hotel: (a) establish and revise, as necessary, administrative policies and procedures, including policies and procedures for the control of revenue and expenditures, for the purchasing of supplies and services, for the control of credit, and for the scheduling of maintenance, and verify that the foregoing procedures are operating in a sound manner; (b) subject to compliance with the applicable Capital Renewals Budget and subject to Section 4.06.02(b) hereof, and if directed by the Lessee, make all repairs, decorations, revisions, alterations and improvements to the Hotel as shall be reasonably necessary for the proper maintenance thereof in good order, condition and repair; (c) subject to Section 4.06.02(b) hereof, purchase such Operating Equipment and Operating Supplies as shall be reasonably necessary for the proper operation of the Hotel in accordance with the Operating Budgets; (d) apply for, and use its reasonable best effort to obtain and maintain, all licenses and permits required of Lessee or Manager in connection with the operation and management of the Hotel; Lessee agrees to execute and deliver any and all applications and other documents as shall be reasonably required and to otherwise cooperate, in all reasonable respects, with Manager in applying for, obtaining and maintaining such licenses and permits; (e) use its reasonable best efforts to do, or cause to be done, all such acts and things in and about the Hotel as shall be reasonably necessary to comply with Legal Requirements and the terms of all insurance policies, and to discharge any lien, encumbrance or charge on or with respect to the Hotel and the operation thereof, other than Permitted Exceptions; (f) in accordance with the Operating Budgets, pay all Impositions and insurance premiums, when due; (g) use its reasonable best efforts to cause the Hotel to comply with all applicable covenants and provisions of the Ground Lease (if any) and Mortgage, and pay, when due, the installments of rental under the Ground Lease (if any) and of principal and interest on the Mortgage, if directed by the Lessee; and (h) subject to the prior written approval of Lessee, retain legal counsel for the Hotel, which legal counsel shall perform legal services under the direction of Manager.

Appears in 1 contract

Samples: Management Agreement (Equity Inns Inc)

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