Common use of Hotel Management Agreement Clause in Contracts

Hotel Management Agreement. (i) Cause Master Tenant to amend, modify or terminate the Hotel Management Agreement, or enter into, amend, modify or terminate any replacement thereof, in each case to the extent Managing Member on behalf of the Company and any of its Subsidiaries has the right and ability to cause Master Tenant to do so. (ii) Cause Master Tenant to enforce or knowingly waive any material rights under, the Hotel Management Agreement, or enforce or knowingly waive any material rights under, any replacement thereof, in each case to the extent Managing Member on behalf of the Company and any of its Subsidiaries has the right and ability to cause Master Tenant to do so. (iii) Cause Master Tenant to approve any annual operating or capital budget, or any amendment thereto, under the Hotel Management Agreement, except to the extent such budget has already been approved by the Members in accordance with this Agreement.

Hotel Management Agreement. (i) Cause the Master Tenant to amend, modify modify, or terminate terminate, the Hotel Management Agreement, or enter into, amend, modify or modify, terminate any replacement thereof, in each case to the extent Managing Member the Manager on behalf of the Company and any of its Subsidiaries has the right and ability to cause the Master Tenant to do so. (ii) Cause the Master Tenant to enforce or knowingly waive any material rights under, the Hotel Management Agreement, or enforce or knowingly waive any material rights under, any replacement thereof, in each case to the extent Managing Member the Manager on behalf of the Company and any of its Subsidiaries has the right and ability to cause the Master Tenant to do so. (iii) Cause Master Tenant to approve Approve any annual operating or capital budget, or any amendment thereto, under the Hotel Management Agreement, except to the extent such budget has already been approved by the Members in accordance with this Agreement.

Hotel Management Agreement. (i) Cause the Master Tenant to amend, modify modify, or terminate terminate, the Hotel Management Agreement, or enter into, amend, modify or modify, terminate any replacement thereof, in each case to the extent Managing Member the Manager on behalf of the Company and any of its Subsidiaries has the right and ability to cause the Master Tenant to do so. (ii) Cause the Master Tenant to enforce or knowingly waive any material rights under, the Hotel Management Agreement, or enforce or knowingly waive any material rights under, any replacement thereof, in each case to the extent Managing Member the Manager on behalf of the Company and any of its Subsidiaries has the right and ability to cause the Master Tenant to do so. (iii) Cause Master Tenant to approve Approve any annual operating or capital budget, or any amendment thereto, under the Hotel Management Agreement, except to the extent such budget has already been approved by the Members in accordance with this Agreement.