Operating Deficits. If Management Company should anticipate any Operating Loss for any Accounting Period, Management Company shall immediately so advise Owner in writing, setting forth the estimated amount of such deficiency and an explanation or justification therefor.
Appears in 6 contracts
Samples: Purchase and Sale Agreement (American Realty Capital Hospitality Trust, Inc.), Management Agreement (Highland Hospitality Corp), Management Agreement (Highland Hospitality Corp)
Operating Deficits. If Management Company should anticipate any Operating Loss for any Accounting Period, Management Company shall immediately so advise Owner Owners in writing, setting forth the estimated amount of such deficiency and an explanation or justification therefor.
Appears in 1 contract
Samples: Management Agreement
Operating Deficits. If Management Company should anticipate any Operating Loss for any Accounting Period, Management Company shall immediately so advise Owner Master Tenant in writing, setting forth the estimated amount of such deficiency and an explanation or justification therefor.
Appears in 1 contract
Samples: Hotel Management Agreement (KBS Strategic Opportunity REIT II, Inc.)
