Future CC&Rs definition
Examples of Future CC&Rs in a sentence
All financial obligations imposed on Owner or on the Hotel pursuant to any Future CC&Rs for which Manager’s consent was required under Section 8.02.A, but not obtained, shall be paid by Owner.
Manager shall manage, operate, maintain and repair the Hotel in compliance with all obligations imposed on Owner, Landlord or the Hotel pursuant to any Existing CC&Rs or Future CC&Rs (unless Manager’s consent was required under Section 8.02.A, but not obtained) to the extent such Existing CC&Rs and Future CC&Rs relate to the management, operation, maintenance and repair of the Hotel.
Manager shall manage, operate, maintain and repair each Hotel in compliance with all obligations imposed on Tenant, Landlord or such Hotel pursuant to any Existing CC&Rs or Future CC&Rs (unless Manager’s consent is required for such Future CC&Rs and Manager does not consent to such Future CC&Rs) to the extent such Existing CC&Rs and Future CC&Rs relate to the management, operation, maintenance and repair of such Hotel.
All financial obligations imposed on Tenant or on a Hotel pursuant to any Future CC&Rs for which Manager’s consent is required under Section 8.04.A above shall be paid by Tenant from its own funds, and not from Gross Revenues of a Hotel or from the Reserve of a Hotel, unless Manager has given its prior written consent to such Future CC&Rs as required under Section 8.04.A.
All financial obligations imposed on any Owner or on any Hotel pursuant to any Future CC&Rs for which Manager’s consent was required under Section 8.02.A, but not obtained, shall be paid by such Owner.
CC&R's which are entered into, or become encumbrances on the Hotel and/or the Site, after the Effective Date shall be referred to in this Agreement as "Future CC&R's." Owner agrees that it will give Management Company written notice of its intention to execute any Future CC&R's, such notice to be reasonably in advance of the execution thereof.
Manager shall manage, operate, maintain and repair each Hotel in compliance with all obligations imposed on the applicable Owner, Landlord or Hotel pursuant to any Existing CC&Rs or Future CC&Rs (unless Manager’s consent was required under Section 8.02.A, but not obtained) to the extent such Existing CC&Rs and Future CC&Rs relate to the management, operation, maintenance and repair of such Hotel.
All financial obligations imposed on Owner or on Management Company or on the Hotel pursuant to any Future CC&R's shall be paid by Owner from its own funds, and not from Gross Revenues or from the FF&E Reserve, unless Management Company has given its prior written consent to such Future CC&R's.
In the event that such CC&Rs are amended or replaced in the future (the “Future CC&Rs”), Tenant shall agree to approve, and subordinate this Lease to, such Future CC&Rs, provided that such Future CC&Rs do not adversely affect Tenant’s rights or increase Tenant’s obligations under this Lease.
Management Company agrees that it will not unreasonably withhold its consent to any such Future CC&R's; provided, however, that Management Company shall be entitled to withhold its consent in its discretion if a proposed Future CC&R would have a material impact on the operation of the Hotel, as described in clauses (i), (ii) or (iii) of Section 2.05 B.