OPERATOR’S FEE AND TRANSFERS Sample Clauses

OPERATOR’S FEE AND TRANSFERS. TO LESSEE
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OPERATOR’S FEE AND TRANSFERS. TO LESSEE 28 Section 10.01. Payment of Operator’s Fee. 28 ARTICLE 11 REPAIRS AND MAINTENANCE 28 ARTICLE 12 INSURANCE 28 Section 12.01. General. 28 Section 12.02. Workers’ Compensation and Other Employment Insurance. 29 Section 12.03. Approval of Companies and Cost by Owner and Lessee. 29 Section 12.04. Maintenance of Coverages. 29 Section 12.05. Waiver of Subrogation. 29 Section 12.06. Blanket Coverage. 29 Section 12.07. Employment Practice Liability 30 Section 12.08. Cyber/Network/Privacy Liability. 30 Section 12.09. Liquor Liability. 30 Section 12.10. Automobile Liability. 30 Section 12.11. General Liability. 30 Section 12.12. Property. 31 Section 12.13. Crime. 31 ARTICLE 13 PROPERTY TAXES, LOCAL TAXES, LEVIES AND OTHER ASSESSMENTS 31 Section 13.01. Property Taxes. 31 Section 13.02. Lessee’s Right to Contest. 31 ARTICLE 14 DAMAGE OR DESTRUCTION - CONDEMNATION 31 Section 14.01. Damage. 31 Section 14.02. Condemnation. 31 ARTICLE 15 USE OF NAME 32 ARTICLE 16 TERMINATION 32 Section 16.01. Inspection Failure. 32 Section 16.02. Performance Failure. 32 Section 16.03. Sale of Hotel. 33 Section 16.04. Bad Acts 33 Section 16.05. Optional Termination. 33 Section 16.06. Lessee Change of Control. 34 Section 16.07. Operator Change of Control. 35 Section 16.08. Bookings Beyond Expiration of Term 36 Section 16.09. Tax Law Change. 37 Section 16.10. Default or Termination of Alcoholic Concession Agreement by Operator. 37 Section 16.11. Termination Fees. 37 ARTICLE 17 DEFAULT AND REMEDIES 37 Section 17.01. Events of Default- Remedies. 37 Section 17.02. Rights Not Exclusive. 39 ARTICLE 18 NOTICES 39 Section 18.01. Notices. 39 ARTICLE 19 ASSIGNMENT 40 Section 19.01. No Assignment by Operator. 40 Section 19.02. Assignment by Lessee. 40 ARTICLE 20 SUBORDINATION 41 Section 20.01. Subordination To Mortgage. 41 Section 20.02. Foreclosure. 41 Section 20.03. Estoppel Certificates. 42 ARTICLE 21 MISCELLANEOUS 42 Section 21.01. Further Documentation and Reporting Compliance. 42 Section 21.02. Captions. 42 Section 21.03. Successors and Assigns. 42 Section 21.04. Competitive Market Area. 42 Section 21.05. Assumption of Post Termination Obligations. 43 Section 21.06. Entire Agreement. 43 Section 21.07. Governing Law. 43 Section 21.08. No Political Contributions. 43 Section 21.09. Eligible Independent Contractor. 44 Section 21.10. Time of the Essence. 45 Section 21.11. Offsets. 45 Section 21.12. Final Accounting. 45 Section 21.13. Franchisor Communications. 45 EXHIBIT A -- Hotel Properti...

Related to OPERATOR’S FEE AND TRANSFERS

  • Assignments and transfers by Obligors No Obligor may assign or transfer any of its rights and obligations under the Finance Documents without the prior consent of all the Lenders.

  • Assignment and transfers by Obligors No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

  • Assignments and Transfers No Party may assign any of its rights and benefits or transfer any of its rights, benefits and obligations in respect of any Debt Documents or the Liabilities except as permitted by this Clause 19.

  • Assignment and Transfers Except as the Committee may otherwise permit pursuant to the Plan, the rights and interests of the Participant under this Agreement may not be sold, assigned, encumbered or otherwise transferred except, in the event of the death of the Participant, by will or by the laws of descent and distribution. In the event of any attempt by the Participant to alienate, assign, pledge, hypothecate, or otherwise dispose of the Stock Units or any right hereunder, except as provided for in this Agreement, or in the event of the levy or any attachment, execution or similar process upon the rights or interests hereby conferred, the Company may terminate the Stock Units by notice to the Participant, and the Stock Units and all rights hereunder shall thereupon become null and void. The rights and protections of the Company hereunder shall extend to any successors or assigns of the Company and to the Company’s parents, subsidiaries, and affiliates. This Agreement may be assigned by the Company without the Participant’s consent.

  • Payment and Transfer Unless otherwise mutually agreed, all transfers of funds hereunder shall be in immediately available funds. All Securities transferred by one party hereto to the other party (i) shall be in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as the party receiving possession may reasonably request, (ii) shall be transferred on the book-entry system of a Federal Reserve Bank, or (iii) shall be transferred by any other method mutually acceptable to Seller and Buyer.

  • Agreements to Sell and Purchase and Lock-Up Agreements On the basis of the representations and warranties contained in this Agreement, and subject to its terms and conditions, (i) the Company agrees to issue and sell ______________ Firm Shares, (ii) each Selling Stockholder agrees, severally and not jointly, to sell the number of Firm Shares set forth opposite such Selling Stockholder's name in Schedule II hereto and (iii) each Underwriter agrees, severally and not jointly, to purchase from each Seller at a price per Share of $______ (the "PURCHASE PRICE") the number of Firm Shares (subject to such adjustments to eliminate fractional shares as you may determine) that bears the same proportion to the total number of Firm Shares to be sold by such Seller as the number of Firm Shares set forth opposite the name of such Underwriter in Schedule I hereto bears to the total number of Firm Shares. On the basis of the representations and warranties contained in this Agreement, and subject to its terms and conditions, the Company agrees to issue and sell the Additional Shares and the Underwriters shall have the right to purchase, severally and not jointly, up to _______ Additional Shares from the Company at the Purchase Price. Additional Shares may be purchased solely for the purpose of covering over-allotments made in connection with the offering of the Firm Shares. The Underwriters may exercise their right to purchase Additional Shares in whole or in part from time to time by giving written notice thereof to the Company within 30 days after the date of this Agreement. You shall give any such notice on behalf of the Underwriters and such notice shall specify the aggregate number of Additional Shares to be purchased pursuant to such exercise and the date for payment and delivery thereof, which date shall be a business day (i) no earlier than two business days after such notice has been given (and, in any event, no earlier than the Closing Date (as hereinafter defined)) and (ii) no later than ten business days after such notice has been given. If any Additional Shares are to be purchased, each Underwriter, severally and not jointly, agrees to purchase from the Company the number of Additional Shares (subject to such adjustments to eliminate fractional shares as you may determine) which bears the same proportion to the total number of Additional Shares to be purchased from the Company as the number of Firm Shares set forth opposite the name of such Underwriter in Schedule I bears to the total number of Firm Shares. Each Seller hereby agrees not to (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock or (ii) enter into any swap or other arrangement that transfers all or a portion of the economic consequences associated with the ownership of any Common Stock (regardless of whether any of the

  • Allocations Between Transferor and Transferee If a Partner transfers any part or all of its Partnership Interest, the distributive shares of the various items of Profit and Loss allocable among the Partners during such fiscal year of the Partnership shall be allocated between the transferor and the transferee Partner either (i) as if the Partnership’s fiscal year had ended on the date of the transfer, or (ii) based on the number of days of such fiscal year that each was a Partner without regard to the results of Partnership activities in the respective portions of such fiscal year in which the transferor and the transferee were Partners. The General Partner, in its sole and absolute discretion, shall determine which method shall be used to allocate the distributive shares of the various items of Profit and Loss between the transferor and the transferee Partner.

  • Exchange and Transfer 8 SECTION 4.02. Treatment of Holders of Warrant Certificates...................9 SECTION 4.03.

  • Assignments and transfer by Obligors No Obligor may assign any of its rights or transfer any of its rights or obligations under the Finance Documents.

  • Instruments of Conveyance and Transfer As soon as practicable after the Closing, SELLER shall deliver a certificate or certificates representing the Shares of SELLER to PURCHASER sufficient to transfer all right, title and interest in the Shares to PURCHASER.

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