Common use of Announcements Rights to Images Clause in Contracts

Announcements Rights to Images. 13.15.1 Except as provided herein, no Member shall make any public announcements regarding this Agreement or the Company or its business; provided, however, that (a) each Member may consult with and obtain the approval of the other Member before issuing a press release or other public announcement with respect to this Agreement or the Company and may issue a press release or make a public announcement following such consultation and approval, (b) after the initial press release concerning this Agreement and the Company, the PB Member may make reference to its investment in the Company and the value and performance thereof in its normal quarterly earnings releases and conference calls and in investor presentations, (c) PB REIT may include such information concerning the Company and the Existing Hotels as it deems reasonably necessary or appropriate for inclusion in its filings made pursuant to federal or state securities laws, and (d) each Member may identify the other Member (and PB REIT in the case of the PB Member and Brooke, Patrick, the Hotel Manager and Xxxxxxx generally with respect to the Xxxxxxx Member) as its “joint venture partner” with respect to ownership of each of the Existing Hotels. 13.15.2 The PB Member shall have the non-exclusive right to use on its website and in marketing materials photographs of the Existing Hotels without the consent of the Company or any other Member.

Announcements Rights to Images. 13.15.1 12.15.1 Except as provided herein, no Member shall make any public announcements regarding this Agreement or the Company or its business; provided, however, that (a) each Member may consult with and obtain the approval of the other Member before issuing a press release or other public announcement with respect to this Agreement or the Company and may issue a press release or make a public announcement following such consultation and approval, (b) after the initial press release concerning this Agreement and the Company, the PB Hersha Member may make reference to its investment in the Company and the value and performance thereof in its normal quarterly earnings releases and conference calls and in investor presentations, (c) PB Hersha REIT may include such information concerning the Company and the Existing Hotels as it deems reasonably necessary or appropriate for inclusion in its filings made pursuant to federal or state securities laws, and (d) each Member may identify the other Member (and PB Hersha REIT and the Hotel Manager in the case of the PB Hersha Member and Brooke, Patrick, the Hotel Manager and Xxxxxxx Cindat generally with respect to the Xxxxxxx Cindat Member) as its “joint venture partner” with respect to ownership of its leasehold interest in each of the Existing Hotels. 13.15.2 12.15.2 The PB Hersha Member shall have the non-exclusive right to use on its website and in marketing materials photographs of the Existing Hotels without the consent of the Company or any other Member.. 56