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

Unsuitable 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, due to casualty damage or loss through Condemnation, the Leased Property cannot function as an integrated hotel facility consistent with standards applicable to a well maintained and operated hotel.

Appears in 2 contracts

Samples: Lease Agreement (Highland Hospitality Corp), Lease Agreement (Highland Hospitality Corp)

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Unsuitable 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, due to casualty damage or loss through Condemnation, the Leased Property cannot function as an integrated hotel facility consistent with standards applicable to a well maintained and operated hotel.

Appears in 1 contract

Samples: Master Lease Agreement (Winston Hotels Inc)

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Unsuitable 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, due to casualty damage or loss through Condemnation, the Leased Property cannot function as an integrated hotel facility consistent with standards applicable to a well maintained and operated hotel.

Appears in 1 contract

Samples: Lease Agreement (Eagle Hospitality Properties Trust, Inc.)

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