Common use of COURTYARD BY MARRIOTT ASSOCIATION Clause in Contracts

COURTYARD BY MARRIOTT ASSOCIATION. If Franchisor should, during the term of this Agreement, sanction the formation of a Courtyard by Marriott Association (hereinafter “CMA”) or such successor association as may be sanctioned by Franchisor to serve as an advisory council to Franchisor with respect to advertising, marketing, reservations, and other matters relating to System hotels, all franchisees of the System and Franchisor shall be members of CMA. In such event, Franchisee shall pay to CMA all dues and assessments authorized by CMA and shall otherwise maintain its membership in CMA in good standing (“good standing” means CMA dues and assessments are current, Franchisor has authorized Franchisee to operate the Hotel as a Courtyard by Marriott hotel and Franchisee is not in default hereunder). Such fees shall be consistently applied to all franchisees in the System. On all matters on which members of CMA are authorized to vote under the bylaws of CMA, each franchisee member in good standing shall be entitled to one (l) vote for each System hotel it has in operation; and Franchisor shall be entitled to one (l) vote for each System hotel operated by Franchisor for itself or for parties who are not franchisees.

Appears in 3 contracts

Samples: Relicensing Franchise Agreement (Apple REIT Eight, Inc.), Relicensing Franchise Agreement (Apple REIT Nine, Inc.), Relicensing Franchise Agreement (Apple REIT Eight, Inc.)

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COURTYARD BY MARRIOTT ASSOCIATION. If Franchisor should, during the term of this Agreement, sanction the formation of a Courtyard by Marriott Association (hereinafter “CMA”) or such successor association as may be sanctioned by Franchisor to serve as an advisory council to Franchisor with respect to advertising, marketing, reservations, and other matters relating to System hotels, all franchisees of the System and Franchisor shall be members of CMA. In such event, Franchisee shall pay to CMA all dues and assessments authorized by CMA and shall otherwise maintain its membership in CMA in good standing (“good standing” means CMA dues and assessments are current, . Franchisor has authorized Franchisee to operate the Hotel as a Courtyard by Marriott hotel and Franchisee is not in default hereunder). Such fees shall be consistently applied to all franchisees in the System. On all matters on which members of CMA are authorized to vote under the bylaws of CMA, each franchisee member in good standing shall be entitled to one (l1) vote for each System hotel it has in operation; and Franchisor shall be entitled to one (l1) vote for each System hotel operated by Franchisor for itself or for parties who are not franchisees.

Appears in 1 contract

Samples: Franchise Agreement (Apple REIT Seven, Inc.)

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