Common use of Master Management Agreement Clause in Contracts

Master Management Agreement. With respect to a REIT Transaction (for which Manager has been engaged), the terms and conditions of the management and operation for such Hotel Property during the term of such management and operation, including the amount of any management and incentive fees shall be either pursuant to the terms and conditions of the Master Management Agreement (and the Master Management Agreement shall be amended accordingly to include such Hotel Property), or pursuant to a management agreement with Manager or an Affiliate of Manager substantially in the form of the Master Management Agreement.

Master Management Agreement. With respect to In the event that a REIT Transaction (for which Manager has been engaged)) relates to the management and operation of a Hotel Property, the terms and conditions of the management management, operation and operation for any construction, renovations, improvements, refurbishments, or other services, such as purchasing, interior design, freight management, or construction management, to be undertaken with respect to such Hotel Property during the term of such management and operation, including the amount of any management and incentive management, incentive, project or other service fees shall be either pursuant to the terms and conditions of the Master Management Agreement (and the Master Management Agreement shall be amended accordingly to include such Hotel Property), or pursuant to a management agreement with Manager or an Affiliate a subsidiary of Manager substantially in the form of the Master Management Agreement.