Ownership of Replacements. All repairs, alterations, improvements, renewals or replacements made pursuant to this Article V, and all amounts kept in the FF&E Reserve, shall, except as otherwise provided in this Agreement, be the property of Owner.
Appears in 2 contracts
Samples: Management Agreement (DiamondRock Hospitality Co), Management Agreement (Apple Reit Six Inc)
Ownership of Replacements. All repairs, alterations, improvements, renewals or replacements made pursuant to this Article V, and all amounts kept in the FF&E Reserve, shall, except as otherwise provided in this Agreement, be the property of Owner.
Appears in 2 contracts
Samples: Management Agreement (RLJ Lodging Trust), Management Agreement (Crescent Operating Inc)
Ownership of Replacements. All repairs, alterations, improvements, renewals or replacements made pursuant to this Article V, and all amounts kept in the FF&E Reserve, shall, except as otherwise provided in this Agreement, be the property of OwnerPrimary Manager or Wyndham, as applicable.
Appears in 2 contracts
Samples: Submanagement Agreement (Wyndham International Inc), Submanagement Agreement (Interstate Hotels Management Inc)
Ownership of Replacements. All repairs, alterations, improvements, renewals or replacements made pursuant to this Article V, and all amounts kept in the FF&E Reserve, shall, except as otherwise provided in this Agreement, be the property of Lessee or Owner, as applicable.
Appears in 2 contracts
Samples: Management Agreement (Interstate Hotels Management Inc), Management Agreement (Wyndham International Inc)
Ownership of Replacements. All FF&E, all repairs, alterations, improvements, renewals or replacements made pursuant to this Article V, and all amounts kept in the FF&E Reserve, shall, except as otherwise provided in this Agreement, be the property of Owner.
Appears in 1 contract
