Hotel Construction definition

Hotel Construction means the transaction for design and construction of the Hotel and its related facilities by the Contractor for the Owner on land owned by the Owner;
Hotel Construction means the construction, renovation or repair ------------------ of improvements on any Hotel Property by Xx. Xxxxxxx or a Xxxxxxx Affiliate.
Hotel Construction means, at any time, up to four full service Hotel projects (it being understood that one Hotel project may include multiple facilities) under construction, having an aggregate construction cost at any time of no more than $350,000,000, as certified to the Lenders by SLT in the compliance certificate required to be delivered pursuant to Section 9.01 hereof.

Examples of Hotel Construction in a sentence

  • Hypothecation by way of exclusive First charge on all movable assets of the Hotel situated in vizag.” Corp Bank New Hotel Construction, Vizag Tl -New (Sea green)# Inaddition to the above securities, ambica hotel and directors personal properties have been provided as collateral security.

  • Harmony hereby acknowledges and agrees, and it and its principals are willing and able to provide a personal guarantee of the Private Debt Financing and agree to provide such guarantees if required by the Hotel Construction Lender.

  • Hypothecation by way of exclusive First charge on all movable assets of the Hotel situated in vizag.” Corp Bank New Hotel Construction, Vizag (Sea green)3“First Charge on all movable assets of the company, EMG leasehold rights on plot no,1 survey no 981,Waltair ward, Kirlampudi layout , visakhapatnam to the extent of 1547.32 yards.

  • Complete the Hotel Construction and Remodeling Tax Credit Worksheet on page 2 and enter the result on line 7.Line 9 — This line is for the carryover of any unused hotel construction and remodeling tax credit.Line 10.

  • PDC must provide notice to proceed with garage construction simultaneous with the closing of the Hotel Construction Loan.

  • If substantial completion of the Hotel has not been achieved prior to the expiration of the Permitted Hotel Construction Period, Landlord may elect to terminate this Lease as of the expiration of the Permitted Hotel Construction Period by giving Notice of such election to Tenant within thirty (30) days from the expiration of the Permitted Hotel Construction Period.

  • All work with respect to the Minimum Improvements shall be in conformity with the Hotel Construction Plans approved by the building official or any amendments thereto as may be approved by the building official.

  • Construction of the Hotel shall be completed prior to the expiration of the Permitted Hotel Construction Period.

  • Proxima shall cause the Hotel Construction Plans to be provided for the Minimum Improvements, which shall be subject to approval by the Municipality as provided in this Section 5.2. The Hotel Construction Plans shall be in conformity with this Agreement and all applicable federal, State and local laws and regulations.

  • With regard to item (2) above, in accordance with the common practice in the construction industry globally, numerous variation orders and value engineering items have been made for the Hotel Construction.


More Definitions of Hotel Construction

Hotel Construction means those certain four (4) full service Hotel projects to be identified by the Borrower and reasonably approved by the Majority Lenders (the Borrower shall identify three (3) of such Hotels within ninety (90) days of the Closing Date and the fourth within 120 days of the Closing Date) (collectively, the "Initial Hotel Projects") and upon the completion or postponement of commencement and construction of one or more of the Initial Hotel Projects, up to an additional three (3) full service Hotel projects provided that (i) other than the Initial Hotel Projects, no more than three Hotel projects shall be under construction at any one time, and (ii) the combined total of actual and projected construction costs for such additional Hotel Projects and active Initial Hotel Projects shall not, at any time, exceed $150,000,000. Notwithstanding the foregoing, if such actual and projected costs for the Initial Hotel Projects exceeds $150,000,000, no additional Hotel Project may be commenced until a sufficient number of the Initial Hotel Projects have been completed so that the total amount of such actual and projected construction costs for the remaining Initial Hotel Projects under construction is less than $150,000,000.
Hotel Construction. Tenant shall develop the "Hotel Schematic Documents" in accordance of the Master Plan. The documents and the aesthetic treatment of exterior surfaces shall be subject to Landlord's approval. If tenant determines that the Hotel will exceed Tenant's original estimate costs, Tenant will have the option to terminate the lease and pay liquidated damages to Landlord. Building Permit, Construction: Tenant shall apply for a building permit. If permit is not issued within 90 days, or issued subject to unanticipated terms and conditions, the effect of which would increase Tenant's expected costs, Tenant may terminate the lease. and pay liquidated damages to Landlord. Lease When all of the provisions and conditions concerning title, Commencement zoning, water and soil conditions have been fulfilled or waived Date: by Tenant, Landlord shall deliver the Leased Premises to Tenant. This date shall be the "Lease Commencement Date. Construction Tenant must begin construction within 120 days of the issuance of Tenant of the building permit. If an Unavoidable Delay for more than Improvements: 120 days after issuance of the building permit causes Tenant's original estimate to increase, Tenant shall have the right to terminate the Lease. Tenant shall pay liquidated damages to Landlord. Soil If the additional cost to Landlord to correct and meet Toxicity: applicable governmental requirements with respect to toxic substances present on the Adjacent Tract exceeds Five Million Dollars ($5,000,000), the Landlord may terminate its project on the Adjacent Tract and the Lease with Tenant, subject to certain provisions provided for in (S)2.12 of the Lease. Initial Beginning on the Opening Date, extending for a twenty-five Term: year term, with five automatic ten-year extensions; unless Tenant gives notice of termination twenty-four (24) months prior to the expiration of the then current Lease Term.
Hotel Construction means the construction, renovation or repair of improvements on Hotel Property by the Hersha Affiliates.
Hotel Construction the transaction for design and construction of the Hotel and its related facilities by the Contractor for the Owner on land owned by the Owner “JPY” Japanese yen, the lawful currency of Japan
Hotel Construction means engaging in the construction, renovation or repair of improvements on Hotel Property.

Related to Hotel Construction

  • Residential construction means construction on single-family or two-family dwellings occupied or used, or intended to be occupied or used, primarily for residential purposes, and includes real property pursuant to chapter 499B.

  • Original construction ’ shall mean the first or initial construction

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • Building construction means any physical activity on the site involved in the erection of a structure, cladding, external finish, formwork, fixture, fitting of service installation and the unloading of plant, machinery, materials or the like.

  • The constructional plant means all appliances, tools, plants or machinery or whatsoever nature required in or about the execution, completion or maintenance of the works but does not include materials or other things intended to form part of the permanent work.

  • Existing construction means any structure for which the "start of construction" commenced before the effective date of the initial floodplain management code or ordinance adopted by the community as a basis for that community's participation in the NFIP.

  • Commence Construction means that an owner or operator has either undertaken a continuous program of construction or has entered into a contractual obligation to undertake and complete, within a reasonable time, a continuous program of construction.

  • Completion of Construction means all the construction is complete except for minor weather-related components and conforms to the approved plans and specifications and change orders.

  • Erection, construction, remodeling, repairing means all types of work done on a particular building or work at the site thereof in the construction or development of the project, including without limitation, erecting, construction, remodeling, repairing, altering, painting, and decorating, the transporting of materials and supplies to or from the building or work done by the employees of the Contractor, Subcontractor, or Agent thereof, and the manufacturing or furnishing of

  • Commencement of Construction means the commencement of construction of foundation components or elements (such as footings, rafts or piles) for the home.

  • Pipeline Construction means a substantial disturbance to agricultural land associated with installation, replacement, removal, operation or maintenance of a pipeline, but shall not include work performed during an emergency. Emergency means a condition where there is clear and immediate danger to life or health, or essential services, or a potentially significant loss of property. When the emergency condition ends, pipeline construction will be in accordance with these rules.

  • Direct Construction Cost means the sum of the amounts that the Construction Manager actually and necessarily incurs for General Conditions Costs, Cost of the Work and Construction Manager’s Contingency during the Construction Phase as allowed by this Agreement. Direct Construction Cost does not include Pre-Construction Phase Fees or Construction Phase Fees.

  • Construction project means the same as that term is defined in Section 38-1a-102.

  • Construction Zone shall have the meaning set forth in Clause 8.3 (i);

  • Commenced Construction means (a) all of the following site preparation work is completed: ingress and egress routes exist; the site on which the Project will be located is cleared and graded; there is power service to the site; footings are prepared; and foundations have been poured consistent with purchased equipment specifications and project design; or (b) the following financial commitments have been made: (i) (A) an engineering, procurement, and construction contract (“EPC”) has been executed by all parties and is effective; or (B) contracts (collectively, “EPC Equivalents”) for all of the following have been executed by all parties and is effective: (1) project engineering, (2) procurement of all major equipment, and (3) construction of the Project, and (ii) the cumulative payments made by the Developer under the EPC or EPC Equivalents to the counterparties to those respective agreements is equal to at least thirty (30) percent of the total costs of the EPC or EPC Equivalents.

  • Cost of Construction means the total cost to Owner of those portions of the entire Project designed or specified by the Design Professional. Cost of Construction does not include the Design Professional's compensation and expenses and Owner's expenses associated with the Project or the cost of other services to be provided by others to the Owner.

  • Land disturbing construction activity means any man-made alteration of the land surface resulting in a change in the topography or existing vegetative or non-vegetative soil cover, that may result in runoff and lead to an increase in soil erosion and movement of sediment into waters of the state. Land disturbing construction activity includes clearing and grubbing, demolition, excavating, pit trench dewatering, filling and grading activities.

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • construction site means a workplace where construction work is being performed;

  • Begin actual construction means, in general, initiation of physical on-site construction activities on an emissions unit which are of a permanent nature. Such activities include, but are not limited to, installation of building supports and foundations, laying of underground pipework, and construction of permanent storage structures. With respect to a change in method of operation, this term refers to those on-site activities, other than preparatory activities, which mark the initiation of the change.

  • Start of construction means the date the development permit was issued, provided the actual start of construction, repair, reconstruction, or improvement was within 180 days of the permit date. The actual start means the first placement of permanent construction of the structure such as the pouring of slabs or footings, installation of piles, construction of columns, or any work beyond the stage of excavation, and includes the placement of a manufactured home on a foundation. (Permanent construction does not include initial land preparation, such as clearing, grading and filling; nor does it include the installation of streets and/or walkways; nor does it include excavation for a basement, footings, piers or foundations or the erection of temporary forms; nor does it include the installation on the property of buildings appurtenant to the permitted structure, such as garages or sheds not occupied as dwelling units or part of the main structure. (NOTE: accessory structures are NOT exempt from any ordinance requirements) For a substantial improvement, the actual start of construction means the first alteration of any wall, ceiling, floor, or other structural part of a building, whether or not that alteration affects the external dimensions of the building.

  • Acquisition and Construction Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Construction and Demolition Debris means and includes:

  • GENERAL AND SPECIAL CONDITIONS OF CONTRACT means the instructions to Tenderer and General and special conditions of contract pertaining to the work for which above tenders have been called for.

  • Construction Work means any work in connection with⎯

  • Construction Works means all works and things necessary to complete the Project in accordance with this Agreement;