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, allowed by the Master Hotel Agreement 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 reasonably requested by Lessor.

Appears in 3 contracts

Samples: Lease Agreement (Felcor Lodging Trust Inc), Lease Agreement (Bristol Hotels & Resorts Inc), Master Hotel Agreement (Felcor Suite Hotels Inc)

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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 Annual Budget or (which may provide for payment of management fees to an approved Capital Budget, allowed by the Master Hotel Agreement Affiliate of Lessee) 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 reasonably requested by Lessor.

Appears in 2 contracts

Samples: Lease (Winston Hotels Inc), Lease (Winston Hotels Inc)

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