Hotel Properties Clause Samples
The 'Hotel Properties' clause defines the specific physical locations, buildings, or facilities that are covered or referenced within the agreement. It typically lists or describes the hotels, their addresses, and any relevant features or amenities that are included as part of the contractual arrangement. By clearly identifying which properties are subject to the agreement, this clause ensures there is no ambiguity about the scope of the contract and helps prevent disputes regarding which hotels or facilities are involved.
Hotel Properties. (a) With the exception of Encumbrances which will be satisfied and discharged at Closing, each Interest Holder, as appropriate, owns the Property free and clear of any Encumbrances.
(b) Except as set forth on Schedule 5.11, to the Seller’s Knowledge, since January 1, 2003, no Interest Holder has received written notice by any Governmental Authority of any violation of an Environmental Law or written notice by any Person of any breach by an Interest Holder of its obligations under any Contract for the remediation of any condition at a Hotel under an Environmental Law.
Hotel Properties. The Borrower owns no Hotel Properties ---------------- directly and (i) on the Restatement Effective Date, each Hotel Property is owned by a Wholly-Owned Subsidiary of the Borrower and (ii) after the Restatement Effective Date, each Hotel Property is owned by a Wholly-Owned Subsidiary of the Borrower which is a Foreign Subsidiary or a Subsidiary of the Borrower which is a Subsidiary Guarantor. Each Hotel Property which is located in the United States is owned by a Subsidiary Guarantor which is organized under the laws of a state in the United States.
Hotel Properties. At any time of determination, the hotel ---------------- properties shall not constitute more than 25% of the Consolidated Total Adjusted Asset Value or more than 25% of the number of Real Estate Assets. The Agent acknowledges that, on the Closing Date, there are seventy-four (74) Real Estate Assets.
Hotel Properties. Notwithstanding anything to the contrary contained herein, except for the Liquor Premises Leases, in no event may Borrower enter into a Lease of all or any portion of the Hotel Properties without the prior written consent of Administrative Agent. Borrower shall not amend or terminate any of the Liquor Premises Leases without Administrative Agent’s prior written consent.
Hotel Properties. 54 7.24 Updated Security Agreement and Pledge Agreement Schedules....
Hotel Properties. At the Closing Date, RLH or another of the RLH Companies will own, manage, lease or franchise the RLH Properties identified by category on SCHEDULE 1.1(A).
Hotel Properties. 54 7.24 Subordination.....................................................................................54 (ii) Page
Hotel Properties. The real and personal (whether tangible or intangible) property including the land to be contributed to the Hotel Partnerships by the Hotel Corporations. "Hotel Property" refers to the real and personal property to be contributed to either of the Hotel Partnerships.
Hotel Properties