Hotel Operations. (a) Lessee covenants to operate the Facility as a "full service hotel". A full service hotel is a hotel that operates a restaurant and meeting facilities and may have some or all of the following: conference facilities, banquet space, lounge areas, gift shops, recreational facilities (including swimming pool), and guest services (including room service, valet service and laundry). If, during the Term, Lessee desires to provide food and beverage operations at the Facility (other than those that are presently provided at the Facility and complimentary continental breakfast) or to discontinue any such operations which are presently provided (any such action, a "Change in Operations"), Lessee shall give notice of such desire to Lessor. Lessor and Lessee shall then commence negotiations to adjust Rent to reflect the proposed change to the operation of the Facility, each acting reasonably and in good faith. All other terms of this Lease will remain substantially the same. During negotiations, which shall not extend beyond 60 days, Lessee shall not implement the proposed Change in Operations and shall continue fulfilling its obligations under the existing terms of this Lease. If no agreement is reached after such 60-day period, (i) if Lessee in its reasonable judgment believes the failure to accomplish the proposed Change in Operations will have an adverse economic impact on Lessee's operation of the Facility, Lessee may submit the adjustment to Rent to arbitration in accordance with Section 40.1, otherwise, (ii) Lessee shall withdraw such notice and shall not be entitled to implement the proposed Change in Operations, and this Lease shall continue in full force. Lessee further covenants and agrees that, without Lessor's consent (which consent shall not be unreasonably withheld), Lessee will not voluntarily terminate any management agreement with Manager by agreement with Manager or pursuant to a right therein to so terminate.
Hotel Operations. Seller’s Franchise Agreement is in full force and effect with no defaults thereunder or any conditions existing which, with the passage of time or giving of notice or both, will become a default.
Hotel Operations. Hotel operations shall be under the exclusivesupervision and control of Operator which, except as otherwise specifically provided in this Agreement, shall be responsible for the proper and efficient operation of the Hotel in accordance with the terms of this Agreement. Except as specifically hereinafter set forth, Operator shall have discretion and control in all matters relating to management and operation of the Hotel, including, without limitation, charges for rooms and commercial space, credit policies, food and beverage services, other Hotel services, employment policies, granting of concessions or leasing of shops and agencies within the Hotel, receipt, holding and disbursement of funds, maintenance of bank accounts, procurement of inventories, supplies and services, promotion and publicity and, in general, all activities necessary for operation of the Hotel. Unless Owner agrees, the Hotel shall be operated as a Union hotel. Without limiting the generality of the foregoing, Operator’s engagement under this Agreement shall include the responsibility and authority (subject to the limitations on Operator’s authority set forth in this Agreement), on behalf of and at the expense of Owner to do the following, at all times in material compliance with the AnnualFinancial Plan, the Franchise Agreement, Mortgage, if any, Legal Requirements and the First Class Hotel Standard:
Hotel Operations. (a) Lessor acknowledges that it has approved the Hotel Operating Agreements, as the same are in effect on the Term Commencement Date. No material modification of or amendment to such Hotel Operating Agreements shall be effective unless and until such modification or amendment has been approved by Lessor, which approval shall not be unreasonably withheld or delayed. In addition, Lessee shall not enter into any new or replacement Management Agreement, or enter into or permit the Operator or any Affiliate thereof to enter into a new or replacement Food and Beverage Agreement, without the prior written approval of Lessor as and to the extent provided in Section 9 of this Lease.
Hotel Operations. 2 2.01 Hotel Management Services..........................................2 2.02 Employees..........................................................4
Hotel Operations. Seller shall operate or cause to be operated the Hotel in compliance with the Management Agreement and the existing budget and in substantially the same manner in which it operated the Hotel prior to the Effective Date. Subject to seasonal differences, market conditions and events beyond Seller’s reasonable control, Seller shall continue to take or cause to be taken Advance Bookings, to maintain and replenish sufficient levels of Inventory to operate the Hotel in generally the same manner as prior to the Effective Date and to otherwise promote the Hotel in generally the same manner as prior to the Effective Date.
Hotel Operations. 8.1 Operator of the Hotel.
Hotel Operations. (a) The allocations above relate solely to the allocations related to the Property and are not intended to allocate any cost or expenses related to the operation of the Hotel. All items that are usually and customarily prorated between purchasers and sellers of hotel properties in the area where the Property is located will be allocated among Xxxxx MT and Purchaser. Purchaser acknowledges that Xxxxx MT has operated the Hotel since the date of the Master Lease, that Seller has never operated or managed the Hotel, and that many of the items typically pro-rated in a hotel transaction are not appropriate for pro-ration under this Agreement as Xxxxx MT, and not Seller, is the party responsible for paying such items.
Hotel Operations. Operator agrees to allow Owner the opportunity to familiarize and inform the Restaurant Employees and staff of the Hotel's operations at times convenient to Operator and Owner.
Hotel Operations. Borrower shall promptly send Lender copies of all quality assurance reports with respect to the Properties and any material written correspondence to or from any Franchisor or any Property Manager with respect to any Property.
