Common use of Inventory and Supplies Clause in Contracts

Inventory and Supplies. Lessee, at its expense, shall provide during the Term (as defined below) hereof all operating equipment, fixtures, furnishings and furniture, and supplies, including glassware (“Operating Supplies”) necessary to manage the Beverage Operations in a manner consistent with operating practices during the twelve (12) months preceding the acquisition of the Hotel by Owner and in a professional manner consistent with the management of hotels of a quality and type similar to the Hotel. Licensee shall have the right to use the Operating Supplies in the conduct of providing its services under this Agreement, in its discretion. Lessee shall bear all risk of loss with respect to Operating Supplies.