Common use of Payments to Affiliates of Lessee Clause in Contracts

Payments to Affiliates of Lessee. Notwithstanding anything to the contrary contained in this Lease, Lessee shall make no payments to Affiliates as Gross Operating Expenses unless expressly set forth in the Operating Budget or an approved Capital Budget or otherwise expressly agreed to in writing by Lessor, in either case, after full written disclosure (including information regarding competitive pricing) by Lessee to Lessor of the affiliation and any other related information requested by Lessor. Furthermore, Lessee shall be permitted to contract with its Affiliates for management and other services and to pay fees for such services, provided that such contracts and fees are disclosed in writing to Lessor and such fees shall not be included in Gross Operating Expenses and Lessee's obligation to pay such fees shall be subordinated to Lessee's obligation to pay Base Rent, Percentage Rent and Additional Charges to Lessor pursuant to the terms of this Lease.

Appears in 7 contracts

Samples: Lease Agreement (Strategic Hotel Capital Inc), Lease Agreement (Strategic Hotel Capital Inc), Lease Agreement (Equity Inns Inc)

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