Definitions Terms and References Sample Clauses
The "Definitions, Terms and References" clause establishes the specific meanings of key words, phrases, and references used throughout the contract. It typically lists important terms and provides precise definitions to ensure all parties interpret the language consistently, and may also cite external documents or standards that are incorporated by reference. By clarifying terminology and referencing relevant materials, this clause helps prevent misunderstandings and disputes over interpretation, ensuring clarity and mutual understanding in the agreement.
Definitions Terms and References. 1
1.1 Definitions 1 1.2 Terminology 12 1.3 Exhibits 13 ARTICLE 2 MANAGEMENT OF HOTEL 13 2.1 Agent/Fiduciary 13 2.2 Hotel Operations 13 2.3 Limitations on Operator’s Authority 15 2.4 Role of Owner 17 ARTICLE 3 TERM 17
3.1 Original Term 17 3.2 Option of Owner to Extend 18 3.3 Meaning of Term 18 3.4 Early Termination 18 3.5 Transition Provisions 18 3.6 Takeover Expenses 19 3.7 Vacation by Operator at the End of the Term 19 ARTICLE 4 USE AND OPERATION OF THE HOTEL 19 4.1 Employment 19 4.2 Executive Staff 20 4.3 Subsequent Employment of Employees 20 4.4 Legal Proceedings 21 4.5 Annual Financial Plan 21 4.6 Competitive Bidding 24 4.7 Hotel to Benefit from Operator Expertise 25 4.8 Emergencies 25 4.9 Compliance with Government Rules and Regulations, including Environmental Laws 25 4.10 Owner’s Performance of Operator’s Obligations 26 4.11 Owner’s Right to Reserve Rooms and Facilities; Meals for Owner Personnel 26 4.12 Credit and Pricing Policies 27 4.13 Owner’s Right to Access 27 4.14 Parking 27 4.15 Travel Expenses 27 4.16 Name of Hotel 27 4.17 Storage Space 27
Definitions Terms and References. In this Agreement, the following terms shall have the following meanings:
Definitions Terms and References