Hotel Component definition
Examples of Hotel Component in a sentence
In addition, notwithstanding anything to the contrary contained herein, for purposes of determining the amount of any required FF&E Reserve Fund deposits (and for purposes of calculating such amount, monthly, based on the formula set forth in the first sentence of this Section 7.3.1), Revenues shall include Revenue from the Hotel Component and the Casino Component but shall not include non-Hotel or Casino related Revenues (e.g., Rents from retail tenants).
It is understood and agreed that the filing of a “form of” the Operating Lease (Casino Component), a “form of” the Operating Lease (Hotel Component) and a “form of” the Management Agreement (as opposed to those with respect to each of the Properties) shall satisfy the foregoing sentence.
Subject to regulation of such parking by the Resort Association and the Residence Association through its rule-making authority, all parking within the parking facility shall be unassigned and managed by a central valet system operated by the Hotel Component operator.
The parking garage facility located under the Hotel Component and a portion of the Resort shall be allocated a certain number of parking spaces for designation by the Residence Association as Limited Common Element of the Project and each owner of a residential unit shall be entitled to use of one (1) unassigned parking space, as required by the Keystone Planned Unit Development Agreement.
Exhibit B Developer shall apply for a Site Plan for the Hotel Component within 90 days of the latter of (i) the Title Cleared Date (the resolution of the Reverter Clause and Deed Restrictions); or (ii) the date the PUD is approved.