Exhibit 10.9
AMENDMENT NO. 8
to
MASTER
LEASE AGREEMENT
BETWEEN
XXXXXXX INNS, INC.,
AS LESSOR,
and
XXXXXXX HOSPITALITY, LLC,
AS LESSEE
AMENDMENT DATED AS OF MAY 15, 2001
END
AMENDMENT NO. 8 TO MASTER LEASE AGREEMENT
THIS AMENDMENT NO. 8 TO MASTER LEASE AGREEMENT (hereinafter called
"Lease"), made as of the first day of July, 1995, by and between Xxxxxxx Inns,
Inc., a Georgia corporation (hereinafter called "Lessor"), and Xxxxxxx
Hospitality, LLC, a Georgia limited liability company (hereinafter called
"Lessee"), provides as follows:
RECITALS:
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The parties hereto entered into that certain Master Lease Agreement
dated as of February 3, 1994 (the "Lease") covering the "Leased Property" as
therein defined. The parties desire to amend the Lease in the manner
hereinafter set forth.
NOW, THEREFORE, the parties hereto, in consideration of the covenants
and agreements to be performed by them as provided hereby, and upon the terms
and conditions hereinafter stated, does hereby amend the Lease in the manner
and subject to the terms and conditions hereinafter set forth. Unless otherwise
defined herein, capitalized terms shall have the meanings ascribed to them in
the Lease.
A. AMENDMENT TO PROVISIONS DEFINING ROOM REVENUES
Effective as of May 1, 2001, the definition of the term Room Revenues
as set forth in Article II shall be amended and restated in its entirety so
that it provides as follows:
Room Revenues: Shall mean gross revenue from the rental of Rooms,
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whether to individuals, groups or transients, together with any fees collected
for amenities including, but not limited to telephone, laundry, movies or
concessions, but deducting therefrom excluding the following:
(a) The amount of all credits, rebates or refunds to customers,
guests or patrons;
(b) All sales taxes or any other excise taxes imposed on the rental
of such guest rooms; and
(c) Revenues from the sale of any alcoholic beverages, if and to the
extent prohibited by applicable law of the jurisdiction in which
a particular Individual Leased Property is located;
(d) All fees, commissions, charges and other payments made to travel
agents, consortia, global distribution access providers in
connection with the sale of Rooms;
(e) Any surcharge assessed by the lessee to guests in connection with
the rental of Rooms.
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END
and excluding therefrom the following:
(i) Revenues from the sale of any alcoholic beverages, if and
to the extent prohibited by applicable law of the
jurisdiction in which a particular Individual Leased
Property is located; and
(ii) Any energy, telephone or other utility surcharge assessed
by the lessee to guests in connection with the rental of
Rooms.
B. CONTINUATION OF LEASE EXCEPT AS SPECIFICALLY AMENDED HEREBY
Except as specifically amended and modified hereby, the terms and
provisions of the Lease as heretofore in effect are hereby ratified and
confirmed and remain in full force and effect.
"LESSOR"
XXXXXXX INNS, INC.
Attest: By: /s/ Xxxxx X. Xxxxxxx
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Xxxxx X. Xxxxxxx, President
/s/ Xxxxxx X. Xxxxxx
Secretary
XXXXXXX ALABAMA, INC.
By: /s/ Xxxxx X. Xxxxxxx
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Xxxxx X. Xxxxxxx, President
"LESSEE"
XXXXXXX HOSPITALITY, LLC
By: /s/ Xxxxxx X. Xxxxxxx
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Xxxxxx X. Xxxxxxx, President
STATE OF GEORGIA )
) ss.
COUNTY OF DeKALB )
The foregoing instrument was acknowledged before me this 15th day of
May, 2001, by Xxxxx X. Xxxxxxx as President of Xxxxxxx Inns, Inc..
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END
/s/ Xxxxxxx Xxxxxxxx
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Notary Public
My commission expires:
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STATE OF GEORGIA )
) ss.
COUNTY OF DeKALB )
The foregoing instrument was acknowledged before me this 15th day of
May, 2001, by Xxxxx X. Xxxxxxx as President of Xxxxxxx Alabama, Inc..
/s/ Xxxxxxx Xxxxxxxx
--------------------
Notary Public
My commission expires:
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STATE OF GEORGIA )
) ss.
COUNTY OF DeKALB )
The foregoing instrument was acknowledged before me this 15th day of
May, 2001, by Xxxxxx X. Xxxxxxx, as President of Xxxxxxx Hospitality, LLC.
/s/ Xxxxxxx Xxxxxxxx
--------------------
Notary Public
My commission expires:
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