Hotel Operator Sample Clauses
The 'Hotel Operator' clause defines the party responsible for managing and operating the hotel property under the agreement. It typically outlines the operator's duties, such as overseeing daily operations, hiring staff, maintaining standards, and ensuring compliance with brand requirements. This clause clarifies the operator's authority and obligations, ensuring both parties understand who is accountable for the hotel's performance and management, thereby reducing potential disputes and ensuring smooth operation of the property.
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Hotel Operator. The Manager shall have the right to contract with or assign or delegate to the Hotel Operator, or other third parties, some or all of the responsibilities of the Manager under this Agreement (excluding the provisions of Insurance of Section 14 and the provisions of Indemnification of Section 15 herein), and any of those parties may sub- contract their respective duties with respect to their management and operation responsibilities. The Manager shall provide written notice to the City of any contractual assignment of its rights or obligations hereunder. The Hotel Operator shall be a contractor, subsidiary, or affiliate of the Manager and shall be responsible for the management and operation of the Hotel and the Project.
Hotel Operator. Borrower acknowledges that the Bank has agreed to make this loan in reliance on the expertise of ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇. ▇▇▇▇▇ in operating properties such as the Term Loan Properties. Borrower agrees that unless the Bank otherwise consents in writing (which consent shall not be unreasonably withheld), one or more of the individuals listed in the preceding sentence shall be actively involved in the operation and management of the Term Loan Properties throughout the term of this Agreement.
Hotel Operator. Borrower acknowledges that the Bank has agreed to make this loan and to consent to the merger with HH Trust and the transfer of real estate to HHLP in reliance on the expertise of ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇. ▇▇▇▇▇ in operating properties such as the Revolving Loan Properties. Borrower agrees that unless the Bank otherwise consents in writing (which consent shall not be unreasonably withheld) one or more of the individuals listed in the preceding sentence shall be actively involved in the operation and management of the Revolving Loan Properties throughout the term of this Agreement.
Hotel Operator. Hotel Operator" shall mean a person or entity experienced in the management of a first-class national or international luxury resort hotel at standards equal to the 1994 published standard necessary to receive at least a 4-Diamond rating from the American Automobile Association."
Hotel Operator. (a) The Borrower acknowledges that the Lenders will rely on HH Management's experience in operating properties such as the Borrowing Base Assets as a means of maintaining the value of the Collateral. In connection with the approval of HH Management, as tenant and operator (the "HOTEL OPERATOR"), or any replacement Hotel Operator approved by the Agent and Majority Lenders in their sole and absolute discretion:
(i) the Hotel Operator or holder of the stock or partnership interest therein, shall be a Person whose character, financial strength, stability and experience is acceptable to the Lenders and who shall have experience managing complexes of a type and size reasonably similar to the Borrowing Base Assets; in furtherance thereof, Jame▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇. ▇▇▇ll at all times retain the majority ownership and control of HH Management and shall so certify in each Covenant Compliance Certificate;
(ii) the Hotel Operator shall deliver all organizational documentation and other materials evidencing its experience, which must be acceptable to the Lenders;
(iii) the Borrower shall pay a reasonable fee to the Agent, together with the reasonable fees, costs and expenses of the Agent and the Agent's counsel incurred in connection with the review and approval of any such Hotel Operator; and
(iv) the terms of any lease, or if HHLP and/or Solomons elects to operate the Borrowing Base Assets through a management contract, affecting the Collateral must be acceptable to the Agent in all respects.
(b) The Borrower shall, from time to time, use its best efforts to obtain from the Hotel Operator under the Leases such certificates of estoppel with respect to compliance by Borrower with the terms of the Leases as may be requested by the Agent.
Hotel Operator. Hyatt International Technical Services, or such other firm or person as may be appointed by the Employer.
Hotel Operator. If Omni wishes to designate a replacement Hotel Operator following completion of the Improvements and prior to the expiration of the Restriction Period, such replacement Hotel Operator shall be subject to City’s prior approval, which approval will not be withheld, conditioned or delayed unreasonably; provided, however, that Omni may designate a replacement Hotel Operator without the City’s prior approval if such replacement Hotel Operator is operating under the brand standards of any of Marriot, Westin, Hyatt, InterContinental or Fairmount. Without limiting the foregoing, in assessing whether to approve a potential replacement, City shall have the right to consider, without limitation, whether the proposed operator is adequately capitalized, the branding of the Hotel Improvements and specifically the adequacy of the flag under which the Improvements will be operated, and whether the replacement operator has at least ten (10) years’ experience operating similar facilities. Any successor Hotel Operator shall be subject to and bound by the terms of this Agreement, and shall execute such documents as City may request to evidence and confirm the same.
Hotel Operator