Circumstances Outside Owner's Control Sample Clauses

Circumstances Outside Owner's Control. Except with respect to actual costs incurred by TurnKey or as otherwise required by law, Owner will not be responsible for payment of the damages prescribed in this section for failure to honor Existing Reservations where such failure is due to factors outside the Owner's reasonable control, such as flooding, fire, or the occurrence of a natural disaster or a mandatory evacuation order. If Owner makes an insurance or other third-party compensation claim that leads to recovery of lost rental income on displaced reservations, Owner shall notify TurnKey of such recovery in writing within 30 days of receipt, and Owner will pay or cause to be paid to TurnKey an amount equal to the Management Fee that TurnKey would have received on the lost rental income payment.
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Related to Circumstances Outside Owner's Control

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