Future Hotels definition

Future Hotels means any hotel or motel properties leased after the date hereof by Lessee from Affiliates of the Partnership as more particularly described in Article XXVI hereof.
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Examples of Future Hotels in a sentence

  • Effective upon execution of said Amendment, all terms and conditions of this Agreement shall be deemed amended to include and apply to such Future Hotel(s).

  • Upon execution of such Amendment (as set forth therein), Exhibit “A” (Hotel Information), Exhibit “B” (Description of Leases), Exhibit “B-1” (Legal Descriptions for Sites), Exhibit “C” (Description of Franchise Agreements and Franchisors), Exhibit “D” (Annual Operating Budget) to this Agreement shall be amended to add the applicable information required by this Agreement with respect to the Future Hotel(s) subject of the Amendment.

  • If this Agreement is terminated pursuant to Section 2.3(a) with respect to any of the Future Hotels after the first anniversary of the Date applicable to such Future Hotel, then no termination fees shall be payable by Lessee.

  • Upon execution of such Amendment (as set forth therein), EXHIBIT "A" (Hotel Information), EXHIBIT "B" (Description of Leases), EXHIBIT "B-1" (Legal Descriptions for Sites), EXHIBIT "C" (Description of Franchise Agreements and Franchisors), EXHIBIT "D" (Annual Operating Budget) to this Agreement shall be amended to add the applicable information required by this Agreement with respect to the Future Hotel(s) subject of the Amendment.

  • Manager shall not be liable if such reasonably requested actions, once implemented, fail to have the desired result of qualifying the Company’s rental income from Lessee with respect to the Hotels or Future Hotels as “rents from real property” pursuant to Sections 856(d)(2), 856(d)(8)(B) and 856(d)(9) of the Code.

  • If such default has not been cured within the applicable cure period, the Company will be relieved of its obligations under Section 5 to offer to Manager the opportunity to manage Future Hotels and the Company will be entitled to terminate any or all of the Management Agreements.

  • If this Agreement is terminated pursuant to SECTION 2.03(a) with respect to any of the Future Hotels after the first anniversary of the Hotel Master Management Agreement Ashford TRS Corporation Commencement Date applicable to such Future Hotel, then no termination fees shall be payable by Lessee.

  • Upon execution of such Amendment (as set forth therein), Exhibit “A” (Hotel Information), Exhibit “B” (Description of Leases), Exhibit “B-1" (Legal Descriptions for Sites), Exhibit “C” (Description of Franchise Agreements and Franchisors), Exhibit “D” (Annual Operating Budget) to this Agreement shall be amended to add the applicable information required by this Agreement with respect to the Future Hotel(s) subject of the Amendment.

  • Additionally, in the event of such a termination, the Company and Lessee shall be relieved of any obligation under Section 4 to utilize Manager to manage Future Hotels.

  • For the avoidance of doubt, the intent of the Parties is that Manager shall continue to operate and provide management services for the hotels owned or controlled directly or indirectly by the Company and, subject to the limitation set forth in Section 4.c., Future Hotels, as hereinafter defined.