NEW HOTELS Sample Clauses

NEW HOTELS. Lessee acknowledges and agrees that any Hotel owned or leased by Lessee or its designees from any Affiliates of the Partnership (including the Landlords) from and after the Effective Date may at the election of the parties to the Mutual Exclusivity Agreement either be subject to the terms and provisions of this Agreement effective upon execution of an addendum to this Agreement (the “Addendum”) in the form of Exhibit “A” attached hereto, or pursuant to a management agreement in form and substance substantially similar to the terms of this Agreement with either Manager or an Affiliate of Manager; provided that there does not then exist an uncured Event of Default by Manager under this Agreement and the independent director approval requirements under the Mutual Exclusivity Agreement have been satisfied. Effective upon execution of said Addendum, all terms and conditions of this Agreement shall be deemed amended to include and apply to such Hotel(s) as provided in the Addendum. Notwithstanding anything to the contrary contained in this Agreement, a Lessee shall have no liability under this Agreement unless and until Lessee is or hereafter becomes a New Lessee (as that term is defined in a fully executed Addendum) with respect to a Hotel.
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NEW HOTELS. 33.01 The parties hereto acknowledge the existence of the Memorandum of Agreement between Starwood Hotels and Resorts Worldwide Inc. And UNITE HERE Local 75 which concerns the subject of new hotels and which was negotiated with Starwood Hotels and Resorts Worldwide Inc. in partial consideration for other terms and conditions of this Agreement. The Memorandum of Agreement, attached or appended to the collective agreement is incorporated by reference into the collective agreement.
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NEW HOTELS. The parties hereto acknowledge the existence of the Memorandum of Agreement between Hilton Hotels Corporation and UNITE-HERE, Local 75 which concerns the subject of new hotels and which was negotiated with Hilton Hotels Corporation, in partial consideration for other terms and conditions of this Agreement. The Memorandum of Agreement, attached or appended to the collective agreement is incorporated by reference into the collective agreement.
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NEW HOTELS. Lessee acknowledges and agrees that any Hotel owned or leased or to be developed by Lessee or its designees from any Affiliates of the Partnership (including the Landlords) from and after the Effective Date may become subject to the terms and provisions of this Agreement effective upon execution of an addendum to this Agreement (the “Addendum”) in the form of Exhibit “A” attached hereto, or pursuant to a management agreement in form and substance substantially similar to the terms of this Agreement with either Manager or an Affiliate of Manager. Effective upon execution of said Axxxxxxx, all terms and conditions of this Agreement shall be deemed amended to include and apply to such Hotel(s) as provided in the Addendum. Notwithstanding anything to the contrary contained in this Agreement, a Lessee shall have no liability under this Agreement unless and until Lessee is or hereafter becomes a New Lessee (as that term is defined in a fully executed Addendum) with respect to a Hotel. This Agreement will be construed as a separate and independent project management agreement with respect to each Hotel. Any affiliate of Stirling TRS Corporation may become party to this Agreement with respect to a Hotel by executing and delivering an Addendum relating to such Hotel, and in such event, it will not be a condition to the effectiveness of such Addendum that Stirling TRS Corporation consent, join or otherwise be party to such Addendum.
Sample 1
NEW HOTELS. Approximately 206,000 square feet of new limited service hotels (the "Hotels"), expected to be three (3) new hotels with national flags and the scope and quality of which shall be consistent with the current service provided by the Hampton Inn hotel located at 00000 Xxxxxxx Xxxxxxxx Road in the City as of the Effective Date, or other comparable national flag hotel brand including, by way of illustration, La Quinta Inn & Suites, Holiday Inn Express, Hilton Garden Inn, Fairfield Inn, or Courtyard by Marriott. No part of the public financing in the proposed document may be used to directly reimburse any costs or expenses related to the development and construction of the Hotels in the Project; accordingly, none of the Hotels are contractual commitments of the Developer.
Sample 1
NEW HOTELS. Approximately 206,000 square feet of new limited service hotels (the "Hotels"), expected to be three (3) new hotels with national flags and the scope and quality of which shall be consistent with the current service provided by the Hampton Inn hotel located at 00000 Xxxxxxx Xxxxxxxx Road in the City as of the Effective Date, or other comparable national flag hotel brand including, by way of illustration, La Quinta Inn & Suites, Holiday Inn Express, Hilton Garden Inn, Fairfield Inn, or Courtyard by Marriott. The Parties hereby understand and agree that no part of the Public Financing shall be used to directly reimburse any costs or expenses related to the development and construction of the Hotels in the Amended Project. (e) (f)Office Space. Approximately 80,000 square feet of new Class A office space (the "Office Space").
Sample 1
NEW HOTELS. The parties hereto acknowledge the existence of the Memorandum of Agreement between Hilton Hotels Corporation and UNITE-HERE, Local which concerns the subject of new hotels and which was negotiated with Hilton Hotels Corporation, in partial consideration for other terms and conditions of this Agreement. The Memorandum of Agreement, attached or appended to the collective agreement is incorporated by reference into the collective agreement. THIS MEMORANDUM OF AGREEMENT (“Agreement”) is made and entered into by and between HOTELS CORPORATION (“Hilton”) and UNITE HERE Local (the “Union”). This Agreement shall become a part of and be applicable for the term of the collective bargaining agreement between the Union and [hotel] and shall apply to any new full service hotel (as defined below in this paragraph) in the City of Toronto and the airport area that, on or after the effective date of the is newly constructed by Xxxxxx, newly owned by Xxxxxx or newly managed by Hilton (each referred to hereinafter as a “Hotel” or “Employer”). The term “full service hotel” as used in this Agreement means any hotel operated by Hilton in substantially the same style and manner, and offering substantially the same range of guest services as offered by Xxxxxx at the New York Hilton and Hotels. All other hotels, including hotels operated in substantially the same style and manner, and offering substantially the same range of guest services as are currently offered by Hilton Suites, Hilton Garden Inns, Hilton Grand Vacation Club, Hampton Inn, Hampton Inn Suites, and Suites shall be defined as a “non-full service hotel” and shall be specifically excluded from the provisions of this Agreement. Any hotels which are operated under a franchise license agreement with Xxxxxx also shall be specifically excluded from the provisions of this Agreement. Employees of the Hotel employed in job classifications identified in the recognition clause of the shall be referred to throughout this Agreement as “Employees”. All other employees of the Hotel and/or Employees currently represented by a trade union are excluded. The parties hereby establish the following procedure for the purpose of ensuring an orderly environment for the exercise by the Employer’s Employees of their rights under Section of the Ontario Labour Relations Act and to avoid picketing and/or all other economic action directed at the Employer in the event the Union decides to conduct an organizing campaign among Employees. The part...
Sample 1
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Related to NEW HOTELS

  • Shopping Goods and works estimated to cost less than $100,000 equivalent per contract may be procured under contracts awarded on the basis of Shopping.

  • Amenities Amenities shall be prescribed as provided in Appendix F of this Agreement.

  • Access to Properties Subject to the rights of Tenants, Borrower shall permit agents, representatives and employees of Lender to inspect the Properties or any part thereof at reasonable hours upon reasonable advance notice.

  • Projects There shall be a thirty (30) km free zone around the projects excluding the Metro Vancouver Area. For local residents, kilometers shall be paid from the boundary of the free zone around the project. Workers employed by any contractor within an identified free zone who resides outside of that same free zone will be paid according to the Kilometer Chart from the project to their residence less thirty

  • Access to Property Borrower shall permit agents, representatives and employees of Lender to inspect the Property or any part thereof at reasonable hours upon reasonable advance notice.

  • Property Management (a) Borrower shall (i) cause Manager to manage the Properties in accordance with the Management Agreement, (ii) diligently perform and observe all of the terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed and observed, (iii) promptly notify Lender of any default under the Management Agreement of which it is aware, (iv) promptly deliver to Lender a copy of each financial statement, business plan, capital expenditures plan, report and estimate received by it under the Management Agreement, and (v) promptly enforce the performance and observance of all of the covenants required to be performed and observed by Manager under the Management Agreement in a commercially reasonable manner. If Borrower shall default in the performance or observance of any material term, covenant or condition of the Management Agreement on the part of Borrower to be performed or observed, then, without limiting Lender’s other rights or remedies under this Agreement or the other Loan Documents, and without waiving or releasing Borrower from any of its Obligations hereunder or under the Management Agreement, Lender shall have the right, but shall be under no obligation, to pay any sums and to perform any act as may be appropriate to cause all the material terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed or observed. In no event shall the fee payable to Manager for any Interest Period exceed the Management Fee Cap for such Interest Period and in no event shall Borrower pay or become obligated to pay to Manager, any transition or termination costs or expenses, termination fees, or their equivalent in connection with the Transfer of a Property or the termination of the Management Agreement. (b) If any one or more of the following events occurs: (i) the occurrence of an Event of Default, (ii) Manager shall be in material default under the Management Agreement beyond any applicable notice and cure period (including as a result of any gross negligence, fraud, willful misconduct or misappropriation of funds), or (iii) Manager shall become insolvent or a debtor in any bankruptcy or insolvency proceeding, then Lender shall have the right to require Borrower to replace the Manager and enter into a Replacement Management Agreement with (x) a Qualified Manager selected by Borrower that is not an Affiliate of Borrower or (y) another property manager chosen by Borrower and approved by Lender; provided, that such approval shall be conditioned upon Borrower delivering a Rating Agency Confirmation as to such property manager. If Borrower fails to select a new Qualified Manager or a replacement Manager that satisfies the conditions described in the foregoing clause (y) and enter into a Replacement Management Agreement with such Person within sixty (60) days of Lender’s demand to replace the Manager, then Lender may choose the replacement property manager provided that such replacement property manager is a Qualified Manager or satisfies the conditions set forth in the foregoing clause (y).

  • Access to Project Site Redeveloper shall permit the representatives of the City to enter Project Site at any and all reasonable times, as the City may deem necessary for the purposes of this Redevelopment Agreement, including but not limited to work and inspection of all work being performed in connection with the construction of the Redeveloper Improvements. Similarly, the City shall permit Redeveloper such entry upon the public rights of way for such purposes. No compensation shall be payable nor shall any charges be made in any form by any party for the access or inspection provided for in this Section. The City’s right of access granted under this Section shall terminate upon issuance by the City of the Redeveloper’s Certificate of Completion of Redeveloper Improvements. Notwithstanding the above, Redeveloper shall not be relieved of the provisions contained in Chapter 14.29 of the Lincoln Municipal Code regarding the use of streets for private construction purposes.

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Fitness Center Subject to the provisions of this Section, so long as Tenant is not in Default under this Lease, and provided Tenant’s employees execute a standard waiver of liability form used at the Fitness Center (hereinafter defined) and pay the applicable one time or monthly fee, then Tenant’s employees (the “Fitness Center Users”) shall be entitled to use the KINETIC fitness center (the “Fitness Center”) in the building located at 600 Xxxxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxx, Xxxxxxxxxx. The use of the Fitness Center shall be subject to the rules and regulations (including rules regarding hours of use) established from time to time by the Fitness Center operator. Landlord and Tenant acknowledge that the use of the Fitness Center by the Fitness Center Users shall be at their own risk. Tenant acknowledges that the provisions of this Section shall not be deemed to be a representation by Landlord that the Fitness Center (or any other fitness facility) shall be continuously operated and maintained throughout the Term of this Lease, and no termination of Tenant’s or the Fitness Center Users’ rights to the Fitness Center shall entitle Tenant to an abatement or reduction in Basic Rent, constitute a constructive eviction, or result in an event of default by Landlord under this Lease. Tenant hereby voluntarily releases, discharges, waives and relinquishes any and all actions or causes of action for personal injury or property damage occurring to Tenant or its employees or agents arising as a result of the use of the Fitness Center, or any activities incidental thereto, wherever or however the same may occur, and further agrees that Tenant will not prosecute any claim for personal injury or property damage against Landlord or any of its officers, agents, servants or employees for any said causes of action. It is the intention of Tenant with respect to the Fitness Center to exempt and relieve Landlord from liability for personal injury or property damage caused by negligence. Tenant’s rights hereunder to permit its employees to use the Fitness Center shall belong solely to Tenant and may not be transferred or assigned without Landlord’s prior written consent, which may be withheld by Landlord in Landlord’s sole discretion.

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