Inability to Meet Operating Standard; Modification of Operating Standard Sample Clauses

Inability to Meet Operating Standard; Modification of Operating Standard. If Manager at any time believes that it cannot operate the Hotel in a manner that allows it to meet any one of the Operating Standards without violating another of the Operating Standards, it shall promptly notify Owner thereof with a written detailed explanation of the situation and recommendations as to modifications of the Operating Standards without compromising the operation or quality of the Hotel. Owner will reasonably consider the proposed modifications, but shall not be obligated to approve the proposed modifications so long as its reasons for disapproval are reasonable. Notwithstanding the foregoing, however, if at any time after the fourth (4th) full Operating Year, Manager determines that the Hotel cannot be operated in accordance with the Omni Brand Standards set forth in Exhibit Z hereto, Manager shall have the right, upon one hundred and twenty (120) days’ prior written notice specifying in detail the Omni Brand Standards that are not met by the Hotel and the actions required for Owner to cure such deficiencies, unless Owner takes prompt action to cure such deficiencies described in the notice, to terminate this Agreement. If Owner cannot reasonably be expected to complete the actions necessary to cure the deficiencies identified by Manager within such one hundred and twenty day period, then Owner shall have such time as is reasonably necessary to cure such deficiencies, provided that Owner diligently pursues the actions necessary to cure such deficiencies within a reasonable period of time following Manager’s notice.
Sample 1
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Inability to Meet Operating Standard; Modification of Operating Standard. If Manager at any time believes that it cannot operate the Hotel in a manner that allows it to meet any one of the Operating Standards without violating another of the Operating Standards, it shall promptly notify Corporation thereof with a written detailed explanation of the situation and recommendations as to modifications of the Operating Standards without compromising the operation or quality of the Hotel. Corporation will reasonably consider the proposed modifications, but shall not be obligated to approve the proposed modifications so long as its reasons for disapproval are reasonable.
Sample 1

Related to Inability to Meet Operating Standard; Modification of Operating Standard

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