Capital Improvement Reserve. A. Manager shall establish (on behalf of Landlord), in respect of each Fiscal Year during the term of this Agreement, a reserve account on each Hotel’s books of account (“Capital Improvement Reserve”) to cover the cost of:
Appears in 12 contracts
Samples: Hotel Master Management Agreement (Ashford Inc.), Hotel Master Management Agreement (Ashford Hospitality Trust Inc), Management Agreement
Capital Improvement Reserve. A. (a) Manager shall establish (on behalf of Landlord), in respect of each Fiscal Year during the term of this Agreement, a reserve account on each Hotel’s books of account (“Capital Improvement Reserve”) to cover the cost of:
Appears in 1 contract
Samples: Hotel Master Management Agreement (Stirling Hotels & Resorts, Inc.)
Capital Improvement Reserve. A. Manager shall establish (on behalf of Landlord), in respect of each Fiscal Year during the term of this Agreement, a reserve account on each the Hotel’s 's books of account (“Capital Improvement Reserve”"CAPITAL IMPROVEMENT RESERVE") to cover the cost of:
Appears in 1 contract
Samples: Master Management Agreement (Ashford Hospitality Trust Inc)
Capital Improvement Reserve. A. Unless a Holder is requiring an escrow for such purposes, Manager shall establish (on behalf of Landlord), in respect of each Fiscal Year during the term of this Agreement, a reserve account on each Hotel’s books of account (“Capital Improvement Reserve”) to cover the cost of:
Appears in 1 contract
Samples: Hotel Master Management Agreement (Ashford Hospitality Trust Inc)
