Common use of Effect of Condemnation Clause in Contracts

Effect of Condemnation. Any Condemnation which does not result in a termination of this Agreement in accordance with its terms with respect to the Hotel shall not excuse the payment of sums due to Owner hereunder with respect to the Hotel and this Agreement shall remain in full force and effect.

Appears in 9 contracts

Samples: Management Agreement (Service Properties Trust), Management Agreement (Service Properties Trust), Transaction Agreement (Service Properties Trust)

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Effect of Condemnation. Any Condemnation condemnation which does not result in a termination of this Agreement in accordance with its terms with respect to the applicable Hotel shall not excuse the payment of sums due to Owner hereunder with respect to the such Hotel and this Agreement shall remain in full force and effecteffect as to such Hotel.

Appears in 9 contracts

Samples: Management Agreement (Hospitality Properties Trust), Management Agreement (Hospitality Properties Trust), Management Agreement (Prime Hospitality Corp)

Effect of Condemnation. Any Condemnation condemnation which does not result in a termination Termination of this Agreement in accordance with its terms with respect to the applicable Hotel shall not excuse the payment of sums due to Owner Tenant hereunder with respect to the such Hotel and this Agreement shall remain in full force and effect.

Appears in 7 contracts

Samples: Management Agreement (Service Properties Trust), Management Agreement (Service Properties Trust), Management Agreement (Service Properties Trust)

Effect of Condemnation. Any Condemnation which does not result in a termination of this Agreement in accordance with its terms with respect to the a Hotel shall not excuse the payment of sums due to Owner hereunder with respect to the such Hotel and this Agreement shall remain in full force and effect.

Appears in 2 contracts

Samples: Master Management Agreement (Service Properties Trust), Master Management Agreement (Service Properties Trust)

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Effect of Condemnation. Any Condemnation condemnation which does not result in a termination Termination of this Agreement in accordance with its terms with respect to the Hotel shall not excuse the payment of sums due to Owner Tenant hereunder with respect to the Hotel and this Agreement shall remain in full force and effect.

Appears in 1 contract

Samples: Management Agreement (Service Properties Trust)

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