Fixed Asset Supplies. Owner shall provide such funds as Management Company may reasonably determine to be necessary to supply the Hotel with Fixed Asset Supplies. Fixed Asset Supplies shall at all times be owned by, and be the sole property of, Owner, and Management Company shall make no claim thereto.
Appears in 7 contracts
Samples: Purchase and Sale Agreement (American Realty Capital Hospitality Trust, Inc.), Hotel Management Agreement (Eagle Hospitality Properties Trust, Inc.), Management Agreement (Highland Hospitality Corp)
Fixed Asset Supplies. Each Owner shall provide such funds as Management Company may reasonably determine to be necessary to supply the Hotel Facility and Conference Center Facility, as the case may be, with Fixed Asset Supplies. Fixed Asset Supplies shall at all times be owned by, and be the sole property of, the respective Owner, and Management Company shall make no claim thereto. Such funds shall be subject to approval by Owners during the annual budget process.
Appears in 1 contract
Samples: Management Agreement
