Common use of Takeover Expenses Clause in Contracts

Takeover Expenses. Appropriate expenses incurred in connection with the Takeover Activities (the “Takeover Expenses”) shall be paid by Owner and advanced to Manager in accordance with an accounting of such expenses and any and all relevant documents to support such accounting prepared by Manager.

Appears in 10 contracts

Samples: Hotel Management Agreement, Hotel Management Agreement (Moody National REIT II, Inc.), Hotel Management Agreement (Moody National REIT II, Inc.)

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Takeover Expenses. Appropriate expenses incurred in connection with the Takeover Activities (the "Takeover Expenses") shall be paid by Owner and advanced to Manager in accordance with an accounting of such expenses and any and all relevant documents to support such accounting prepared by Manager.

Appears in 1 contract

Samples: Hotel Management Agreement (Moody National REIT I, Inc.)

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