Common use of Damage or Destruction—Restoration Clause in Contracts

Damage or Destruction—Restoration. If the Hotel is damaged, but not to the extent required to give rise to a right to terminate this Agreement, or if neither party elects to terminate this Agreement pursuant to Section 20.1, Owner will, subject to the requirements of any Mortgage, promptly commence and expeditiously complete the Restoration in accordance with Section 20.6.

Appears in 4 contracts

Samples: Management Agreement, Management Agreement (Capital Lodging), Management Agreement (Capital Lodging)

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