Representations of Management Company Sample Clauses

Representations of Management Company. Management Company represents that it and/or its Affiliates are experienced and capable in the promotion, management, and operation of first-class hotels, and covenants and agrees, to the extent sufficient Working Capital and funding for expenditures described in Article VIII of this Agreement exist to manage and operate the Hotel as a first-class hotel in accordance with the standards of other first-class hotels managed and operated by Management Company and/or its Affiliates, and in strict compliance with that certain Franchise Agreement dated [______] between Marriott International, Inc.,as the “Franchisor,” and TRS, as the “Franchisee” (as such agreement may have been or may be amended subject to Article X below, the “Franchise Agreement”), respecting the Hotel. TRS acknowledges and agrees that Management Company is not making any representation, warranty or claim that the operation of the Hotel will be profitable. Management Company shall use the Hotel solely for the operation of a hotel business (including any designated restaurant and/or retail spaces as approved by TRS) and for other activities which are customary and usual in connection with such an operation.
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Representations of Management Company. Management Company represents that it is experienced and capable in the planning, decorating, furnishing, equipping, promoting, managing, and operating of first-class hotels, and Management Company covenants and agrees to manage and operate the Hotel as a first-class hotel in accordance with the standards of similarly situated first-class hotels in comparable markets and in strict compliance with that certain Franchise Agreement dated , 200 between , as the “Franchisor,” and , as the “Franchisee” (as such agreement may have been or may be amended subject to Article X below, the “Franchise Agreement”), respecting the Hotel. Management Company further represents that it qualifies as an “eligible independent contractor” as defined in Section 856(d)(9) of the Internal Revenue Code of 1986, as amended (the “Code”).
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Representations of Management Company. Management Company represents that it is experienced and capable in the planning, decorating, furnishing, equipping, promoting, managing, and operating of first-class hotels, and Management Company covenants and agrees to manage and operate the Hotel as a first-class hotel in accordance with the standards of similarly situated first-class hotels in comparable markets and in strict compliance with that certain Franchise Agreement dated _________, 200_ between _______ , as the "Franchisor," and __________________, as the "Franchisee" (as such agreement may have been or may be amended subject to Article X below, the "Franchise Agreement"), respecting the Hotel. Management Company further represents that it qualifies as an "eligible independent contractor" as defined in Section 856(d)(9) of the Internal Revenue Code of 1986, as amended (the "Code").
Sample 1
Representations of Management Company. Management Company represents that it is experienced and capable in the planning, decorating, furnishing, equipping, promoting, management, and operation of first-class hotels, and Management Company covenants and agrees to manage and operate the Hotel as a Holiday Inn hotel in accordance with that certain License Agreement dated as of January 1, 2001, between Holiday Hospitality Franchising, Inc./Bass Hotels & Resorts, Inc. as the "Licensor" and Owner, as the "Licensee" (as such agreement may have been or may be amended, the "License Agreement"), respecting the Hotel.
Sample 1
Representations of Management Company. Management Company represents that it is experienced and capable in the promotion, management, and operation of first-class hotels, and Management Company covenants and agrees, to the extent sufficient Working Capital and funding for expenditures described in Article VIII of this Agreement exist, to manage and operate the Hotel as a first-class hotel in accordance with the standards of other first-class hotels managed and operated by Management Company and in strict compliance with that certain Franchise Agreement dated [______] between [_________],as the “Franchisor,” and [_________], as the “Franchisee” (as such agreement may have been or may be amended subject to Article X below, the “Franchise Agreement”), respecting the Hotel. TRS acknowledges and agrees that Management Company is not making any representation, warranty or claim that the operation of the Hotel will be profitable. Management Company shall use the Hotel solely for the operation of a hotel business (including any designated restaurant and/or retail spaces as approved by TRS) and for other activities which are customary and usual in connection with such an operation.
Sample 1
Representations of Management Company. Management Company represents that it and/or its Affiliates are experienced and capable in the promotion, management, and operation of first-class hotels, and covenants and agrees, to the extent sufficient Working Capital and funding for expenditures described in Article VIII of this Agreement exist to manage and operate the Hotel as a first-class hotel in accordance with the standards of other first-class hotels managed and operated by Management Company and/or its Affiliates. TRS acknowledges and agrees that Management Company is not making any representation, warranty or claim that the operation of the Hotel will be profitable. Management Company shall use the Hotel solely for the operation of a hotel business (including any designated restaurant and/or retail spaces as approved by TRS) and for other activities which are customary and usual in connection with such an operation.
Sample 1
Representations of Management Company. Management Company represents that it is part of the Barceló corporate group, which is engaged in the operation and management of first class hotels and resorts worldwide, and thus, as part of the Barceló corporate group, experienced and capable in the planning, decorating, furnishing, equipping, promoting, managing, and operating of first-class hotels, and Management Company covenants and agrees to manage and operate the Hotel as a first-class hotel in accordance with the standards of similarly situated first-class hotels in comparable markets. Management Company further represents that it qualifies as an “eligible independent contractor” as defined in Section 856(d)(9) of the Internal Revenue Code of 1986, as amended (the “Code”).
Sample 1
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Representations of Management Company. Management Company represents that it is experienced and capable in the promotion, management, and operation of first-class hotels, and Management Company covenants and agrees, to the extent sufficient Working Capital and funding for expenditures described in Article VIII of this Agreement exist, to manage and operate the Hotel as a first-class hotel in accordance with the standards of other first-class hotels managed and operated by Management Company and in strict compliance with that certain Franchise Agreement dated between _________, as the “Franchisor,” and _________, as the “Franchisee” (as such agreement may have been or may be amended subject to Article X below, the "Franchise Agreement"), respecting the Hotel. Owner acknowledges and agrees that Management Company is not making any representation, warranty or claim that the operation of the Hotel will be profitable. Management Company shall use the Hotel solely for the operation of a hotel business (including any designated restaurant and/or retail spaces as approved by Owner) and for other activities which are customary and usual in connection with such an operation.
Sample 1

Related to Representations of Management Company

  • REPRESENTATIONS OF MANAGER The Manager represents, warrants and agrees that:

  • REPRESENTATIONS OF ULTIMUS Ultimus represents and warrants that: (1) it will maintain a disaster recovery plan and procedures including provisions for emergency use of electronic data processing equipment, which is reasonable in light of the services to be provided, and it will, at no additional expense to the Trust, take reasonable steps to minimize service interruptions (Ultimus shall have no liability with respect to the loss of data or service interruptions caused by equipment failure, provided it maintains such plans and procedures); (2) this Agreement has been duly authorized by Ultimus and, when executed and delivered by Ultimus, will constitute a legal, valid and binding obligation of Ultimus, enforceable against Ultimus in accordance with its terms, subject to bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting the rights and remedies of creditors and secured parties; (3) it is duly registered with the appropriate regulatory agency as a transfer agent and such registration will remain in full force and effect for the duration of this Agreement; and (4) it has and will continue to have access to the necessary facilities, equipment and personnel to perform its duties and obligations under this Agreement.

  • Representations of Company (a) Company represents and warrants that the Variable Accounts have been established and are in good standing under the laws of their state of organization; and the Variable Accounts have been registered as unit investment trusts under the 1940 Act and will remain so registered, or are exempt from registration pursuant to Section 3(c)(11) of the 1940 Act;

  • Representations of the Manager The Manager represents, warrants and agrees that:

  • Representations of the Adviser The Adviser represents, warrants and agrees that:

  • REPRESENTATIONS OF CORPORATION During such time as the Option remains outstanding and unexpired, the Corporation will reserve for issuance, upon the exercise of the Option, the number of shares of the Corporation’s $.001 par value common stock that are subject to the Option.

  • Representations of the Company The Company represents and warrants to the Purchaser that:

  • REPRESENTATIONS OF THE ADVISOR (a) The Advisor shall use its best judgment and efforts in rendering the advice and services to the Fund as contemplated by this Agreement.

  • Representations of BISYS BISYS represents and warrants that: (a) BISYS has been in, and shall continue to be in, substantial compliance with all provisions of law, including Section 17A(c) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), required in connection with the performance of its duties under this Agreement; and (b) the various procedures and systems which BISYS has implemented with regard to safekeeping from loss or damage attributable to fire, theft or any other cause of the blank checks, records, and other data of the Trust and BISYS' records, data, equipment, facilities and other property used in the performance of its obligations hereunder are adequate and that it will make such changes therein from time to time as are required for the secure performance of its obligations hereunder.

  • Representations of the Corporation The Corporation represents and warrants as follows:

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