Common use of Outparcels, Leases and Licenses Clause in Contracts

Outparcels, Leases and Licenses. Lessor, without the consent of Lessee, shall have the right to (a) develop, subdivide, lease, sell, construct, operate or maintain improvements on that portion of the Land, if any, not necessary for the operations of the Hotel, provided the intended use of such portion of the Land would not materially interfere with the operations of the Hotel (as determined by Lessee in its reasonable discretion), and (b) lease or license portions of the Leased Property for telecommunications and similar or related facilities, billboards or other uses, to the extent such leases or licenses do not materially interfere with the operations of the Hotel; provided, however, that in the event such lease or license is for a rooftop telecommunications antennae, then the revenues received by Lessor shall be distributed 50% to Lessee and 50% to Lessor. Lessee agrees to (i) cooperate with Lessor or any designee of Lessor with respect to any outparcel or lease or license which is in compliance with the provisions of this Section and (ii) terminate this Lease as to any outparcel created under this Section.

Outparcels, Leases and Licenses. The Lessor, without the consent of the Lessee, shall have the right to (a) develop, subdivide, lease, sell, construct, operate or maintain improvements on that portion of the Land, if any, not necessary for the operations of the Hotel, provided the intended use of such portion of the Land would not materially interfere with the operations of the Hotel (as determined by Lessee in its reasonable discretion), and (b) lease or license portions of the Leased Property for telecommunications and similar or related facilities, billboards or other uses, to the extent such leases or licenses do not materially interfere with the operations of the Hotel; provided, however, that in the event such lease or license is for a rooftop telecommunications antennae, then the revenues received by the Lessor shall be distributed 50% to the Lessee and 50% to the Lessor. The Lessee agrees to (i) cooperate with Lessor or any designee of Lessor with respect to any outparcel or lease or license which is in compliance with the provisions of this Section section and (ii) terminate this Lease as to any outparcel created under this Sectionsection.