Ashford Prime Mutual Exclusivity Agreement definition

Ashford Prime Mutual Exclusivity Agreement means that certain Ashford Prime Mutual Exclusivity Agreement, by and among Ashford Prime OP, Ashford Prime and Remington Lodging & Hospitality, LLC, dated as of the Distribution Date.
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Ashford Prime Mutual Exclusivity Agreement means that certain Mutual Exclusivity Agreement dated as of November 19, 2013, by and among Ashford Prime OP, Ashford Prime and Remington Lodging & Hospitality, LLC, consented and agreed to by Xxxxx X. Xxxxxxx, as may be amended or modified.
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Ashford Prime Mutual Exclusivity Agreement means that certain Mutual Exclusivity Agreement dated as of November 19, 2013, by and among Ashford Prime OP, Ashford Prime and Remington Lodging & Hospitality, LLC, consented and agreed to by Xxxxx X. Xxxxxxx, as may be amended or modified. “Ashford Prime’s Investment Guidelines” shall mean: (i) full service and urban select service hotels with trailing twelve (12) month average RevPAR or anticipated twelve (12) month average RevPAR of at least twice the then-current U.S. national average RevPAR for all hotels as determined with reference to the most current Xxxxx Travel Research reports, generally in the 20 most populous metropolitan statistical areas, as estimated by the United States Census Bureau and delineated by the U.S. Office of Management and Budget; (ii) upscale, upper-upscale and luxury hotels meeting the RevPAR criteria set forth in clause (i) above and situated in markets that may be generally recognized as resort markets; and (iii) international hospitality assets predominantly focused in areas that are general destinations or in close proximity to major transportation hubs or business centers, such that the area serves as a significant entry or departure point to a foreign country or region of a foreign country for business or leisure travelers and meet the RevPAR criteria set forth in clause (i) above (after any applicable currency conversion to U.S. dollars). “Ashford Prime OP” shall mean Ashford Hospitality Prime Limited Partnership, a Delaware limited partnership. “Ashford Prime Parties” shall collectively mean Ashford Prime and Ashford Prime OP. “Ashford Trust” shall mean Ashford Hospitality Trust, Inc., a Maryland corporation. “Ashford Trust Exclusivity Rights” shall have the meaning as set forth in Section 4(a). “Ashford Trust’s Investment Guidelines” shall mean all segments of the hospitality industry (including direct, joint venture and debt investments in hotels, condo-hotels, time-shares and all other hospitality related assets), with RevPAR criteria less than two (2) times the then current U.S. average RevPAR. “Ashford Trust Mutual Exclusivity Agreement” shall mean that certain Mutual Exclusivity Agreement dated as of August 29, 2003, by and among Ashford Trust OP, Ashford Trust, Remington Hotel Corporation, Manager, Xxxxxx Xxxxxxx, Xx., and Xxxxx X. Xxxxxxx, as may be amended or modified. “Ashford Trust OP” shall mean Ashford Hospitality Limited Partnership, a Delaware limited partnership. “Ashford Trust Parties” shall collecti...
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Examples of Ashford Prime Mutual Exclusivity Agreement in a sentence

  • With respect to opportunities that satisfy the Initial Investment Guidelines of any Future Client, the exclusivity rights or right of first refusal granted to Ashford Trust pursuant to the Ashford Trust Mutual Exclusivity Agreement (the “Ashford Trust Exclusivity Rights”) and the exclusivity rights or right of first refusal granted to Ashford Prime pursuant to the Ashford Prime Mutual Exclusivity Agreement (the “Ashford Prime Exclusivity Rights”) shall be superior to any Ashford Inc.

  • Parties acknowledge the terms and conditions of the Ashford Prime Mutual Exclusivity Agreement and the Ashford Trust Mutual Exclusivity Agreement, and further acknowledge that the Ashford Prime Parties and the Ashford Trust Parties, unless otherwise waived, will have superior rights to Remington Transactions pursuant to the terms of the Ashford Prime Mutual Exclusivity Agreement and the Ashford Trust Mutual Exclusivity Agreement, respectively.

  • Parties acknowledge that pursuant to the terms of the Ashford Prime Mutual Exclusivity Agreement and the Ashford Trust Mutual Exclusivity Agreement, if the Ashford Inc.

Related to Ashford Prime Mutual Exclusivity Agreement

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  • Continuing Disclosure Agreement means the Continuing Disclosure Agreement, as it may be modified from the form on file with the Clerk of Council and signed by the Mayor and the Fiscal Officer in accordance with Section 6, which shall constitute the continuing disclosure agreement made by the City for the benefit of holders and beneficial owners of the Bonds in accordance with the Rule.

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

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