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

Repairs and Maintenance to be Paid from Gross Revenues. Subject to the availability of adequate funds, Manager shall maintain the Hotel in good repair and condition, use commercially reasonable best efforts to comply with and abide by all applicable Legal Requirements pertaining to its operation of the Hotel and shall make or cause to

Appears in 2 contracts

Samples: Management Agreement (Apple REIT Seven, Inc.), Management Agreement (Apple REIT Nine, Inc.)

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Repairs and Maintenance to be Paid from Gross Revenues. Subject to the availability of adequate funds, Manager shall maintain the Hotel in good repair and condition, use commercially reasonable best efforts to comply with and abide by all applicable Legal Requirements pertaining to its operation of the Hotel and shall make or cause toto be made such routine maintenance, repairs and minor alterations as it determines are necessary for such purposes and as required pursuant to the terms of the Franchise Agreement or by Owner. The phrase “

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Ten, Inc.)

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Repairs and Maintenance to be Paid from Gross Revenues. Subject to the availability of adequate funds, Manager shall maintain the Hotel in good repair and condition, use commercially reasonable best efforts to comply with and abide by all applicable Legal Requirements pertaining to its operation of the Hotel and shall make or cause toto be made such routine maintenance, repairs and minor alterations as it determines are necessary for such purposes and as required pursuant to the terms of the Franchise Agreement. The phrase “

Appears in 1 contract

Samples: Management Agreement (Apple REIT Seven, Inc.)

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