AMENDED MANAGEMENT CONTRACTS Clause Samples

AMENDED MANAGEMENT CONTRACTS. Interstate Hotels, LLC shall enter into seven year management contracts with Patriot for the following hotels (the "Six Main Hotels"): Chicago Embassy Suites Phoenix Embassy Suites Schaumburg Embassy Suites Denver Hilton Lisle Radisson San Jose ▇▇▇isson Interstate Hotels, LLC shall also enter into a 30 month management contract (with an aggregate management fee of $100,000 per year) on the Parsippany Hilton. This management contract shall not be terminable for the first 15 months. After the first 15 months, the management contract will be terminable upon the sale of the hotel without the payment of any fee for any period after the sale of the hotel. The management contracts shall be on the following terms: 1. The management contracts shall be negotiated and executed in full by March 30, 1999 and shall be subject to Marriott's consent, which consent shall not be unreasonably