Pritzker Family Business Interests Sample Clauses

Pritzker Family Business Interests. Given the varied nature and scope of investments by or on behalf of Pritzker Family Business Interests, there may be situations where a company in which Pritzker Family Business Interests hold an interest (either directly or indirectly) does business with Select or individual Hyatt Place Hotels. Where that interest is material and is known to Select, Select will inform hotel owners. For example, TransUnion, one of the two vendors approved to perform employee background checks at Hyatt Place Hotels, is one of the Mxxxxx companies owned by Pritzker Family Business Interests. While TransUnion is neither a Select company nor a Select Affiliate, owners of hotels that selected TransUnion are notified of this relationship prior to their selection. As another example, in certain years, Select or Select’s primary insurers may obtain certain insurance product lines through Western General Insurance, Ltd., a Bermuda re-insurance company in which Pritzker Family Business Interests hold an interest. Any such transactions, either direct or indirect, are arms length to Select and do not contain a profit element to Select. EXHIBIT D Intentionally Omitted EXHIBIT E EXAMPLE COMPUTATION OF MANAGEMENT FEES/FRANCHISE FEES (amounts are for demonstration purposes only) YTD 3/31/08 YTD 8/31/08 YTD 12/31/08 Project Costs $10,000,000 $10,000,000 $10,000,000 Minimum % Return Owner’s Priority 9.50% $950,000 9.50% $950,000 9.50% $950,000 Cumulative YTD Owner’s Priority (1) A $237,500 $633,333 $950,000 Total Hotel Revenue (i.e. Gross Receipts) $650,000 $1,700,000 $2,400,000 Adjusted NOI, before Royalty Fee & Basic Fee(2) B $266,500 $799,000 $1,080,000 Adjusted NOI above Owner’s Priority B-A $29,000 $165,667 $130,000 Royalty Fee Earned (Max of 4%) C $26,000 4.0% $68,000 4.0% $96,000 4.0% Basic Fee Earned (Max of 3%) D $3,000 0.5% $51,000 3.0% $34,000 1.4% Adjusted NOI B-C-D=E $237,500 $680,000 $950,000 Excess Adjusted NOI E-A $0 $46,667 $0 Incentive Fee Earned (10% of Excess Adjusted NOI) None $4,667 0.3% None
Sample 1
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Related to Pritzker Family Business Interests

  • Legitimate Business Interests The Executive recognizes that the Company has legitimate business interests to protect and as a consequence, the Executive agrees to the restrictions contained in this Agreement because they further the Company’s legitimate business interests. These legitimate business interests include, but are not limited to (i) trade secrets; (ii) valuable confidential business, technical, and/or professional information that otherwise may not qualify as trade secrets, including, but not limited to, all Confidential Information; (iii) substantial, significant, or key relationships with specific prospective or existing Customers, vendors or suppliers; (iv) Customer goodwill associated with the Company’s business; and (v) specialized training relating to the Company’s technology, Services, methods, operations and procedures. Notwithstanding the foregoing, nothing in this Section 9(b) shall be construed to impose restrictions greater than those imposed by other provisions of this Agreement.

  • Other Business Interests The Trustees shall devote to the affairs of the Trust (including every Series thereof) such time as may be necessary for the proper performance of their duties hereunder, but neither the Trustees nor the officers, directors, shareholders, partners or employees of the Trustees, if any, shall be expected to devote their full time to the performance of such duties. The Trustees, or any Affiliate, shareholder, officer, director, partner or employee thereof, or any Person owning a legal or beneficial interest therein, may engage in, or possess an interest in, any business or venture other than the Trust or any Series thereof, of any nature and description, independently or with or for the account of others. None of the Trust, any Series thereof or any Shareholder shall have the right to participate or share in such other business or venture or any profit or compensation derived therefrom.

  • Competing Interests Neither the Selling Persons, nor any director, manager, officer or management-level employee of Sellers, nor any Affiliate of the Selling Persons (each, a “Related Party”): (a) owns, directly or indirectly, an interest in any Person that is a competitor, customer or supplier of Sellers (in respect of the Business) or that otherwise has material business dealings with Sellers (in respect of the Business); or (b) is a party to, or otherwise has any direct or indirect interest opposed to Sellers under, any Business Contract or other business relationship or arrangement.

  • Separate Business CAC shall not: (i) fail to maintain separate books, financial statements, accounting records and other corporate documents from those of Funding; (ii) commingle any of its assets or the assets of any of its Affiliates with those of Funding (except to the extent that CAC acts as the Servicer of the Loans); (iii) pay from its own assets any obligation or indebtedness of any kind incurred by Funding (or the Trust); and (iv) directly, or through any of its Affiliates, borrow funds or accept credit or guaranties from Funding.

  • Transfer to Affiliates For the avoidance of doubt, transfer of employment among the Company and any of its Affiliates shall not constitute a termination of employment for purposes of this Award.

  • No Ownership Interest Nothing contained in this Agreement shall be deemed to vest in Parent or Merger Sub any direct or indirect ownership or incidence of ownership of or with respect to any Shares. All rights, ownership and economic benefits of and relating to the Shares shall remain vested in and belong to Stockholder, and Parent and Merger Sub shall have no authority to manage, direct, superintend, restrict, regulate, govern, or administer any of the policies or operations of the Company or exercise any power or authority to direct Stockholder in the voting of any of the Shares, except as otherwise provided herein.

  • Right to Acquire Limited Partner Interests (a) Notwithstanding any other provision of this Agreement, if at any time the General Partner and its Affiliates hold more than 80% of the total Limited Partner Interests of any class then Outstanding, the General Partner shall then have the right, which right it may assign and transfer in whole or in part to the Partnership or any Affiliate of the General Partner, exercisable in its sole discretion, to purchase all, but not less than all, of such Limited Partner Interests of such class then Outstanding held by Persons other than the General Partner and its Affiliates, at the greater of (x) the Current Market Price as of the date three days prior to the date that the notice described in Section 15.1(b) is mailed and (y) the highest price paid by the General Partner or any of its Affiliates for any such Limited Partner Interest of such class purchased during the 90-day period preceding the date that the notice described in Section 15.1(b) is mailed.

  • Properties, Business, Insurance The Company shall maintain and cause each of its subsidiaries to maintain as to their respective properties and business, with financially sound and reputable insurers, insurance against such casualties and contingencies and of such types and in such amounts as is customary for companies similarly situated, which insurance shall be deemed by the Company to be sufficient.

  • OWNERSHIP INTERESTS OF INTERESTED PERSONS COMPETITORS. . . . . . . . . . 9 2.28 PAYORS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

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