DEFAULT AND REMEDIES 27. 10.1 EVENTS OF DEFAULT 27
DEFAULT AND REMEDIES 27. 16.1. Events of Default of Either Party 27
DEFAULT AND REMEDIES 27. Section 17.01. Events of Default- Remedies. 27 Section 17.02. Rights Not Exclusive. 29 ARTICLE 18 NOTICES 29 Section 18.01. Notices. 29 ARTICLE 19 ASSIGNMENT 30 Section 19.01. No Assignment by Operator. 30 Section 19.02. Assignment by Lessee. 30 ARTICLE 20 SUBORDINATION 31 Section 20.01. Subordination To Mortgage. 31 Section 20.02. Foreclosure. 31 Section 20.03. Estoppel Certificates. 32 ARTICLE 21 MISCELLANEOUS 32 Section 21.01. Further Documentation and Reporting Compliance. 32 Section 21.02. Captions. 32 Section 21.03. Successors and Assigns. 32 Section 21.04. Competitive Market Area. 32 Section 21.05. Assumption of Post Termination Obligations. 33 Section 21.06. Entire Agreement. 33 Section 21.07. Governing Law. 33 Section 21.08. No Political Contributions. 33 Section 21.09. Eligible Independent Contractor. 34 Section 21.10. Time of the Essence. 35 Section 21.11. Offsets. 35 Section 21.12. Attorney’s Fees. 35 Section 21.13. Final Accounting. 35 Section 21.14. Franchisor Communications. 35 EXHIBIT A -- Hotel Properties and Owners EXHIBIT A-1 -- Competitive Set EXHIBIT A-2 -- Form of SPAR Inspection Form EXHIBIT A-3 -- Accounting Software and Payroll Processes EXHIBIT A-4 -- List of Operator’s Hotels Within 5 Mile Radius EXHIBIT B -- Franchise Agreements HOTEL MANAGEMENT AGREEMENT This HOTEL MANAGEMENT AGREEMENT is made and entered into effective as of January 1, 2016, by and among TRS Leasing, Inc. a Virginia corporation (“TRS”), TRS SUBSIDIARY LLC a Delaware limited liability company (“TRS Sub”), (TRS Sub, together with TRS, collectively, “Lessee”) and K Partners Hospitality Group (“Operator”), with reference to the following facts:
DEFAULT AND REMEDIES 27. 8.1. Purchaser’s Default 27 8.2. Seller’s Default 28 ARTICLE 9. ASSIGNMENT 28
DEFAULT AND REMEDIES 27. Section 13.01. Developer Default 27 Section 13.02. Notice and Cure Period 28 Section 13.03. City’s Remedies 28 Section 13.04. City Default 29 Section 13.05. Developer’s Remedies 29 Section 13.06. No Waiver of Immunity 29 Section 13.07. Limitation on Damages 30 Section 13.08. Waiver 30 ARTICLE XIV INSURANCE, INDEMNIFICATION AND RELEASE 30 Section 14.01. Insurance 30 Section 14.02. Waiver of Subrogation Rights 31 Section 14.03. Additional Insured Status 32 Section 14.04. Certificates of Insurance 32 Section 14.05. Carriers 32 Section 14.06. INDEMNIFICATION 32 ARTICLE XV GENERAL PROVISIONS 33 Section 15.01. Notices 33 Section 15.02. Make-Whole Provision 34
DEFAULT AND REMEDIES 27. Section 6.1 Events of Default 27 Section 6.2 Remedies 29 Section 6.3 Right of Contest 29 Section 6.4 Remedies Cumulative 29 Section 6.5 Notice and Cure Rights of Limited Partner 30 ARTICLE 7 GENERAL PROVISIONS 30 Section 7.1 Relationship of Parties 30 Section 7.2 No Claims 30 Section 7.3 Amendments 31 Section 7.4 Indemnification 31 Section 7.5 Non-Liability of County Officials, Employees and Agents 31 Section 7.6 No Third Party Beneficiaries 31 Section 7.7 Discretion Retained By County 31 Section 7.8 Conflict of Interest 31 Section 7.9 Notices, Demands and Communications 32 Section 7.10 Applicable Law 33 Section 7.11 Parties Bound 33 Section 7.12 Attorneys' Fees 33 Section 7.13 Severability 33 Section 7.14 Force Majeure 33 Section 7.15 County Approval 34 Section 7.16 Waivers 34 Section 7.17 Title of Parts and Sections 34 Section 7.18 Entire Understanding of the Parties 34 Section 7.19 Multiple Originals; Counterpart 34 EXHIBIT A Legal Description of the Property EXHIBIT B Approved Development Budget CDBG LOAN AGREEMENT Between COUNTY OF CONTRA COSTA And XXXXXXX AVENUE LIMITED PARTNERSHIP Xxxxxxx Mutual Housing
