Common use of Repairs and Maintenance to be Paid from Gross Revenues Clause in Contracts

Repairs and Maintenance to be Paid from Gross Revenues. Manager shall promptly make or cause to be made, such routine maintenance, repairs and minor alterations as it determines are necessary to comply with Manager’s obligations under Section 5.01. The phrase “routine maintenance, repairs, and minor alterations” as used in this Section 5.02 shall include only those which are normally expensed under GAAP. The cost of such maintenance, repairs and alterations shall be paid from Gross Revenues for such Hotel (and not from such Hotel’s Reserves) and shall be treated as a Deduction in determining Operating Profit for such Hotel.

Repairs and Maintenance to be Paid from Gross Revenues. Manager shall promptly make or cause to be made, such routine maintenance, repairs and minor alterations alterations, the costs of which are normally expensed under GAAP, as it determines are necessary to comply with Manager’s obligations under Section 5.01. The phrase “routine maintenance, repairs, and minor alterations” as used in this Section 5.02 shall include only those which are normally expensed under GAAP5.01 with respect to each Hotel. The cost of such maintenance, repairs and alterations for each Hotel shall be paid from Gross Revenues for such Hotel (and not from such Hotel’s Reserves) and shall be treated as a Deduction in determining Operating Profit or Working Capital for such Hotel.

Repairs and Maintenance to be Paid from Gross Revenues. Manager shall promptly make or cause to be made, such routine maintenance, repairs and minor alterations as it determines are necessary to comply with Manager’s obligations under Section 5.01. The phrase “routine maintenance, repairs, and minor alterations” as used in this Section 5.02 shall include only those which are normally expensed under GAAP. The cost of such maintenance, repairs and alterations shall be paid from Gross Revenues for such the Hotel (and not from such the Hotel’s Reserves) and shall be treated as a Deduction in determining Operating Profit for such the Hotel.

Repairs and Maintenance to be Paid from Gross Revenues. Manager shall promptly make or cause to be made, such routine maintenance, repairs and minor alterations as it determines are necessary to comply with Manager’s obligations under Section 5.01. The phrase “routine maintenance, repairs, and minor alterations” as used in this Section 5.02 shall include only those which are normally expensed under GAAP. The cost of such maintenance, repairs and alterations for any Hotel shall be paid from Gross Revenues for such Hotel (and not from such Hotel’s Reserves) and shall be treated as a Deduction in determining Operating Profit Revenue or Working Capital for such Hotel.

Repairs and Maintenance to be Paid from Gross Revenues. Manager shall promptly make or cause to be made, such routine maintenance, repairs and minor alterations as it determines are necessary to comply with Manager’s obligations under Section 5.01. The phrase “routine maintenance, repairs, and minor alterations” as used in this Section 5.02 shall include only those which are normally expensed under GAAP. The cost of such maintenance, repairs and alterations shall be paid from Gross Revenues Revenue for such Hotel (and not from such Hotel’s ReservesReserve) and shall be treated as a Deduction in determining Operating Profit for such Hotel.