Hotel Operations. 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. (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.
(b) Subject to the provisions of Sections 11.5(h) and 17, Lessee shall take all actions reasonably required to ensure that all operations at the Hotel, including all guest and meeting room facilities, all restaurant and bar premises, mini-bar facilities, and any other areas in which alcoholic or other beverages and/or food will be served or made available to guests and customers of the Hotel (including room service and banquet facilities), will be fully serviceable and in full operation on and following the Term Commencement Date. In addition, except to the extent provided below or as Lessor may hereafter agree otherwise in writing, all contracts and agreements for or relating to the provision of goods or services to or for the Hotel (i) shall not be binding upon or enforceable against Lessor, (ii) shall be fully subordinate to the rights and interests of Lessor under this Lease, and (iii) except as otherwise expressly provided in Section 8.1, Section 8.2(b), Section 9.2, or Section 14.2(h) hereof, shall terminate and be of no further force or effect on the Termination Date; provided that the foregoing requirements shall not apply with respect to (A) any such contracts or agreements that are entered into with a Person who is not an Affiliate of Lessee, the Operator, or any Food and Beverage Operator, where the contract or agreement is terminable at the election of the Lessee, the Operator, or any Food and Beverage Operator, upon not more than sixty (60) days notice and without the payment of any fee, penalty or other consideration on account of such termination, and (B) any such contracts or agreements that were in effect and actually known to the Purchaser on the Approval Date (as such term is defined in the Purchase Agreement).
(c) Without limiting the foregoing provisions of this Sec...
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. 2 2.01 Hotel Management Services..........................................2 2.02 Employees..........................................................4
Hotel Operations. Seller shall have wound down and ceased all Hotel operations, including, without limitation, terminating all Hotel employees, at no cost, liability or expense to Purchaser;
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. The Project may be performed in a hotel that will continue to conduct normal Hotel operations. Accordingly, Contractor shall perform its Work in such a manner that the operations, character and atmosphere of the Hotel are not materially impaired, except as may be reasonably necessary for execution of the Work. Contractor shall ensure that Construction Personnel conduct themselves in an appropriate manner so as not to impair the guests’ experience at 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.
(b) Xxxxx MT and Purchaser hereby agree that should Seller by virtue of the operation of this Section 6.7 pay sums that are otherwise the obligation of Xxxxx MT under the Master Lease (for example purposes only, pro-rated real estate taxes) that Xxxxx MT shall deposit into escrow the sum that would have otherwise been paid by Seller hereunder as a debit to Seller on the closing statement and such sums so deposited into escrow by Xxxxx MT shall be paid to Purchaser in lieu of debiting same against the Purchase Price and other sums payable to Seller hereunder.
(c) To the extent available in connection with the sale of the Property and except as otherwise specified herein with respect to the Operating Account, transfer of the Hotel operations and assumption of the Existing Financing, Xxxxx MT shall be entitled to receipt of any and all reserves held by Lender, Manager or Licensor. In no event shall proceeds from the operation of the Hotel that would otherwise be paid to Seller as a payment toward the reduction of the Deferred Obligation be diverted into any such reserves, except as specifically required by the terms of the Existing Financing.
Hotel Operations. Lessee covenants to operate the Facility as a "full service hotel", to the extent it is currently being operated as such. A "full service hotel" is a hotel that includes 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). Without Lessor's prior written consent in each instance, Lessee shall not discontinue, cease to provide or materially cut back on the scope or hours of operation of any services or amenities which were in operation or which were being provided at the commencement of the Term of this Lease, nor shall it grant subleases or concessions for the provision of any such services or amenities which it was providing upon the commencement of the Term of this Lease.
