Notice of Future Hotel Opportunity Sample Clauses

Notice of Future Hotel Opportunity. Not less than thirty (30) days prior to the Company’s acquisition of or investment in a Future Hotel (or thirty (30) days prior to the expiration or termination of the existing management contract that prevented the Future Hotel from being managed by Manager per Section 4.a.i. above), the Company will notify Manager in writing of the Company’s proposed acquisition of the Future Hotel or termination or expiration of the existing management agreement and will make available all information reasonably available to the Company with respect to the Future Hotel. At the request of Lessee, Manager shall execute a Management Agreement consistent with the form Management Agreement attached hereto for the Future Hotel with the only exceptions being for Hotel Specific Information and the Management Fees which shall be determined based on the structure set forth in Exhibit C, and Manager and Lessee shall cooperate to allow for the takeover of management of such hotel by Manager upon Owner’s acquisition of or investment in the Future Hotel or the expiration or termination of the management agreement relating to such hotel. If Manager does not qualify pursuant to Section 4.a. above to manage the Future Hotel then Manager shall have no further rights with respect to that Future Hotel and the Company shall be entitled to select another manager.
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