Execution of Agreements. The Purchasers shall have executed this Agreement and delivered this Agreement to the Company.
Execution of Agreements. (a) Except as provided in Section 4.05(b), Operator shall execute as agent of Lessee leases and other agreements relating to equipment and/or services provided to each Hotel, all of which, unless otherwise approved in writing in advance by Lessee, shall either be a term of one year or less or be cancelable upon not more than thirty (30) days’ written notice by Operator or Lessee without the payment of a penalty or fee. Notwithstanding the foregoing, without the prior written approval of Lessee, Operator shall not enter into any agreement (i) which provides for the payment of sums not authorized by Lessee in an Approved Budget, (ii) which would give rise to a lien upon all or any part of the Property, (iii) which would result in liability to Lessee for sums other than as set forth in the applicable Approved Budget, (iv) to lease any part of any Property, (v) relating to alterations to the exterior, interior or structural design of the Hotel, (vi) which requires an unbudgeted payment of more than $5,000, or in the case of a repair of any payment of more than $2,500 (vii) which is not cancelable by Lessee upon 30 days’ notice or less unless the term of said agreement is one year or less, (viii) which provides for any automatic renewal terms greater than thirty (30) days or (ix) contracts for multiple rooms and / or multiple days that (A) exceed a 1-year term and / or (B) exceed 40% of properties’ room inventory for a period of 14 days or more, or (C) exceed 50 room nights and have a negotiated net rate of $40 or less for economy properties, and $55 or less for midscale and above, this includes promoting such rates online, in print ads such as coupons. If Operator desires to enter into any agreements requiring the consent of Lessee, Operator shall first send written notice of intent to enter into such agreement to Lessee, and Lessee shall either approve or disapprove within five (5) business days of receipt of such notice. Lessee’s failure to timely respond to said request shall be deemed approval.
(b) Subject to Lessee’s prior approval of the same and upon Lessee’s written request, Operator shall execute, as agent for Lessee, (i) all leases, as sub-lessor, of any space at any Property, and (ii) equipment rental and/or lease agreements which cannot be terminated upon thirty (30) days notice or less without the payment of a penalty or fee. Operator shall exercise its best efforts to obtain in each equipment agreement a right on the part of the lessee of such eq...
Execution of Agreements. (i) The Developer shall have executed and delivered to Authority copy of the Escrow Agreement if required under the SCDA;
(ii) The Developer shall have delivered to Authority, a copy of the shareholders’ agreement, between the shareholders of the Developer, duly executed by each of the parties thereto;
(iii) The Developer shall have executed and delivered to Authority copy of the Station Facility Management Agreement;
Execution of Agreements. At the Closing Time, the Preference Warrant Agreement, the Preference Registration Rights Agreement, the Preference Warrant Registration Rights Agreement and the Certificate of Designation, each in form and substance reasonably satisfactory to the Chase Purchasers, shall have been duly executed and delivered and shall be in full force and effect.
Execution of Agreements. The execution and delivery of this Agreement and the Transaction Documents, and the consummation of the transaction contemplated hereby will not involve any transaction which is subject to the prohibitions of Section 406 of ERISA or in connection with which a tax could be imposed pursuant to Section 4975 of the Code.
Execution of Agreements. As soon as practicable after execution of ----------------------- this Agreement, the Agreement of Merger together with all other agreements necessary to consummate the transactions described herein shall be executed by the parties thereto. On the Closing Date, the Agreement of Merger, together with all requisite certificates, shall be duly filed with the Secretary of State of the State of California as required by applicable law and regulations.
Execution of Agreements. Grantee agrees, upon KSTC’s request, to execute any additional agreements, documents or other papers of any kind that are convenient or necessary for the implementation of this Agreement.
Execution of Agreements. If this agreement is executed prior to the execution of the Loan Note Guarantee— DARBE, this agreement does not impose any obligation upon FmHA or its successor agen- cy under Public Law 103–354 with respect to the execution of such contract. FmHA or its successor agency under Public Law 103–354 in no way warrants that such a contract has been or will be executed.
Execution of Agreements. On or before the Closing Date, AAAC, TX China and each TX China Shareholder shall execute and deliver each Transaction Document to which it is a party.
Execution of Agreements. The shares of Restricted Stock granted to the Grantee pursuant to the Award shall be subject to the Grantee’s execution and return of (i) this Agreement and (ii) the Stockholders Agreement.
