Common use of Uneconomic for its Primary Intended Use Clause in Contracts

Uneconomic for its Primary Intended Use. A state or condition of the Leased Property such that, in the good faith judgment of Lessee, reasonably exercised and evidenced by the resolution of the board of directors or other governing body of Lessee, the Leased Property cannot be operated on a commercially practicable basis for its Primary Intended Use, taking into account, among other relevant factors, the number of usable rooms and projected revenues, such that Lessee intends to, and shall, complete the cessation of operations from the Leased Property.

Uneconomic for its Primary Intended Use. A state or condition of the Leased Property such that, in the good faith judgment of LesseeLessee or Lessor, as applicable, reasonably exercised and evidenced by the resolution of the board of directors or other governing body of Lesseethe respective entity, the Leased Property cannot be operated on a commercially practicable basis for its Primary Intended Use, taking into account, among other relevant factors, the number of usable rooms and projected revenues, such that Lessee intends to, and shall, shall complete the cessation of operations from the Leased Property.

Uneconomic for its Primary Intended Use. A state or condition of the a Leased Property such that, in the good faith judgment of Lessee, reasonably exercised and evidenced by the resolution of the board of directors or other governing body of Lessee, the Leased Property cannot be operated on a commercially practicable basis for its Primary Intended Use, taking into account, among other relevant factors, the number of usable rooms and projected revenues, such that Lessee intends to, and shall, complete the cessation of operations from the Leased Property.