Common use of Calculations; Adjustments Clause in Contracts

Calculations; Adjustments. The Committee shall have the full and plenary authority to interpret this Award Agreement, and to calculate the achievement of the performance metrics described herein. The Committee’s determinations with respect to any such interpretations or calculations shall be final and binding upon the Participant. The Committee shall have the authority to make appropriate adjustments to the definitions of Hotel NOI, Debt-Preferred-TEV Ratio, and Annualized TSR, or the calculation of any of the foregoing, to the extent that the Committee deems necessary.

Calculations; Adjustments. The Committee shall have the full and plenary authority to interpret this Award Agreement, and to calculate the achievement of the performance metrics described herein. The Committee’s determinations with respect to any such interpretations or calculations shall be final and binding upon the Participant. The Committee shall have the authority to make appropriate adjustments to the definitions of Hotel NOITotal Revenue, Debt-Preferred-TEV RatioAdjusted EBITDAre Margin, and Annualized TSREnding Net Debt/Gross Assets Ratio, or the calculation of any of the foregoing, to the extent that the Committee deems necessary.

Calculations; Adjustments. The Committee shall have the full and plenary authority to interpret this Award Agreement, and to calculate the achievement of the performance metrics described herein. The Committee’s determinations with respect to any such interpretations or calculations shall be final and binding upon the Participant. The Committee shall have the authority to make appropriate adjustments to the definitions of Hotel NOIAdjusted Revenue, Debt-Preferred-TEV RatioAdjusted EBITDAre, and Annualized TSREnding Net Debt/Gross Investment Property Ratio Multiplier, or the calculation of any of the foregoing, to the extent that the Committee deems necessary.

Calculations; Adjustments. The Committee shall have the full and plenary authority to interpret this Award Agreement, and to calculate the achievement of the performance metrics described herein. The Committee’s determinations with respect to any such interpretations or calculations shall be final and binding upon the Participant. The Committee shall have the authority to make appropriate adjustments to the definitions of Hotel NOINOI Multiplier, Ending Net Debt-Preferred-TEV Ratio/Gross Investment Property Ratio Multiplier, and Annualized TSR, or the calculation of any of the foregoing, to the extent that the Committee deems necessary.

Calculations; Adjustments. The Committee shall have the full and plenary authority to interpret this Award Agreement, and to calculate the achievement of the performance metrics described herein. The Committee’s determinations with respect to any such interpretations or calculations shall be final and binding upon the Participant. The Committee shall have the authority to make appropriate adjustments to the definitions of Hotel NOIMedian Annual Adjusted EBITDAre Growth Multiplier, Ending Net Debt-Preferred-TEV Ratio/Gross Investment Property Ratio Multiplier, and Annualized TSR, or the calculation of any of the foregoing, to the extent that the Committee deems necessary.