FUTURE HOTELS. Lessee acknowledges and agrees that any motel and/or hotel properties leased by Lessee from any Affiliates of the Partnership (including the Landlords) from and after the Effective Date (“Future Hotels”), may at the election of the parties to the Strategic Alliance Agreement either be subject to the terms and provisions of this Agreement effective upon execution of an amendment to this Agreement (the “Amendment”) in the form of Exhibit “E” attached hereto; provided that there does not then exist an uncured Event of Default by Manager under this Agreement and the independent director approval requirements under the Strategic Alliance Agreement have been satisfied. Upon execution of such Amendment (as set forth therein), Exhibit “A” (Hotel Information), Exhibit “B” (Description of Leases), Exhibit “B-1” (Legal Descriptions for Sites), Exhibit “C” (Description of Franchise Agreements and Franchisors), Exhibit “D” (Annual Operating Budget) to this Agreement shall be amended to add the applicable information required by this Agreement with respect to the Future Hotel(s) subject of the Amendment. Effective upon execution of said Amendment, all terms and conditions of this Agreement shall be deemed amended to include and apply to such Future Hotel(s).
FUTURE HOTELS. (a) Subject to Section 4(c) below, during the Term of this Agreement, the Company hereby agrees to cause Lessee to offer Manager the opportunity to manage any hotel property acquired by the Company or one of its subsidiaries and leased to Lessee following the date hereof (the “Future Hotel(s)”) on the terms and conditions set forth in the Form Management Agreement (as modified to reflect the Hotel Specific Information to be provided by Lessee) so long as any of the following criteria are met:
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FUTURE HOTELS. Upon an Event of Default, any obligations Hilton may have pursuant to Sections 2.1, 2.2, and 2.3 of the MSA to deliver, recommend or support the installation or expansion of LodgeNet VOD Services in Owned, Managed or Licensed Hotels, and any obligations Hilton may have under Schedule H of the MSA, shall terminate.
FUTURE HOTELS
