Operator Change of Control Sample Clauses

Operator Change of Control. This Agreement may be terminated by Lessee upon a change of control of Operator (as defined below) during the Operating Term. Said termination will be exercised by delivery of written notice to the Operator, such notice to be provided within sixty (60) days following the Lessee being made aware of the event giving rise to the change of control and not less than thirty (30) days prior to the effective date of termination which notice shall set forth the effective date of termination; provided that, in the event such written notice to Operator is not provided in accordance within the terms of this sentence, the Lessee shall be deemed to have waived any rights to terminate this Agreement with respect to the particular change of control giving rise to the required notice. For purposes hereof, a “change of control of Operator” shall mean (i) a change of fifty percent or more of the voting control of Operator or any of its owner entities or (ii) a substantial change in the current management of Operator. In addition to the rights and remedies otherwise available to the Parties at law or in equity, the following provisions will apply following termination of this Agreement pursuant to Article 14 or any other provision of this Agreement: (a) Operator shall quit, vacate, surrender, and deliver to Lessee peacefully and promptly the Hotel and all Permits and all books, records, accounts, contracts, keys, Working Capital, and all other pertinent and necessary documents and records pertaining to the Hotel and the operation thereof. If any Permits, including but not limited to any liquor license, is issued to Operator or any of its Affiliates, Operator shall, to the extent permitted by Legal Requirements, assign or cause its Affiliate holding any such Permits to assign to Lessee or its designee all of the interest of Operator or its Affiliates in such Permits and the Hotel liquor inventory without charge (other than any out of pocket expenses of the assignment, which shall be Operating Expenses), or (if such assignment is not permitted by applicable law) to use reasonable efforts to provide Lessee or Lessee’s designee with the use and benefits of such Permits and Hotel liquor inventory until such time (not to exceed 180 days) as Lessee and/or its designee are able to obtain new Permits; provided that Lessee shall indemnify, defend and hold harmless Operator and its Affiliates from claims and liabilities arising from the post-termination use of such Permits; (b) Operator...

Operator Change of Control. In the event there is a Change of Control of any Operator, the Operator shall procure that it is a condition of the sale and purchase agreement that the purchaser complies with the terms of this Agreement.

Operator Change of Control. Section 16.08. Bookings Beyond Expiration of Term Section 16.09. Tax Law Change. Section 16.10.

Operator Change of Control. Section 16.08. Bookings Beyond Expiration of Term

Operator Change of Control. The Franchise Agreement will define an Operator Change of Control and will further provide for the ability of the Authority to withhold its approval of an Operator Change of Control if it is determined by the Authority (or the Authority has been advised that the Federal Railroad Administration or other governmental authority with jurisdiction has determined) that the proposed transaction (i) is prohibited by or would result in a violation of applicable law; or (ii) is likely to result in a material adverse change in the operations of the System. The Franchise Agreement will also specify the circumstances under which an Operator Change of Control that is not approved by the Authority will constitute an Event of Default.