Provision of Funds. 5.1. In performing its services under this Agreement, Operator shall act solely as agent and for the account of Owner. Operator shall not be deemed to be in default of its obligations under this Agreement to the extent it is unable to perform any obligation due to the lack of available funds from the operation of the Hotels or as otherwise provided by Owner.
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Samples: Hotel Management Agreement (Summit Hotel Properties, Inc.), Hotel Management Agreement (Summit Hotel Properties, Inc.), Hotel Management Agreement (Summit Hotel OP, LP)
Provision of Funds. 5.1. In performing its services under this Agreement, Operator shall act solely as agent and for the account of Owner. Operator shall not be deemed to be in default of its obligations under this Agreement to the extent it is unable to perform any obligation due to the lack of available funds from the operation of the Hotels Hotel or as otherwise provided by Owner.
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Samples: Hotel Management Agreement, Hotel Management Agreement (Sunstone Hotel Investors, Inc.)
Provision of Funds. 5.16.1. In performing its services under this Agreement, Operator shall act solely as agent and for the account of Owner. Operator shall not be deemed to be in default of its obligations under this Agreement to the extent it is unable to perform any obligation due to the lack of available funds from the operation of the Hotels Managed Outlet or as otherwise provided by Owner.
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Samples: Restaurant Management Agreement (Grill Concepts Inc)
Provision of Funds. 5.16.1. In performing its services under this Agreement, Operator shall act solely as agent and for the account of Owner. Operator shall not be deemed to be in default of its obligations under this Agreement to the extent it is unable to perform any obligation due to the lack of available funds from (except to the operation extent funds are required of the Hotels or as otherwise provided by OwnerOperator to fulfill its indemnification obligations under this Agreement).
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Provision of Funds. 5.16.1. In performing its services under this Agreement, Operator shall act solely as agent and for the account of OwnerLessee. Operator shall not be deemed to be in default of its obligations under this Agreement to the extent it is unable to perform any obligation due to the lack of available funds from the operation of the Hotels Hotel or as otherwise provided by OwnerLessee.
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Samples: Agreement (Winston Hotels Inc)
Provision of Funds. 5.16.1. In performing its services under this Agreement, Operator shall act solely as agent and for the account of Owner. Operator shall not be deemed to be in default of its obligations under this Agreement to the extent it is unable to perform any obligation due to the lack of available funds from the operation of the Hotels Hotel or as otherwise provided by due to Owner's failure to provide required working capital.
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