Hotel Franchise Agreement definition

Hotel Franchise Agreement means that certain Amended and Restated Franchise License Agreement, dated as of October 1, 2011, between Hotel Franchisor and Operating Lessee, with such modifications, together with any replacement Hotel Franchise Agreement entered into with another Hotel Franchisor, as shall be entered into in accordance with the terms of this Loan Agreement.
Sample 1
Hotel Franchise Agreement. The Property shall be franchised by a nationally recognized hotel franchisor such as Marriott — Courtyard, Sheraton — Four Points, Hyatt — Hyatt Place, or Hilton — Doubletree. Final identification of the designated franchisor shall be made during the Borrower’s due diligence period under the Purchase Agreement with final Senior Lender approved franchise agreement executed concurrently with closing. Any future change of the hotel brand, including the entering into of any franchise agreement, shall be subject to Senior Lender’s prior written approval. Borrower shall assign any and all of its rights under the franchise agreement to Senior Lender pursuant to an assignment and subordination of franchise agreement and consent of franchisor acceptable to Senior Lender.
Sample 1
Hotel Franchise Agreement means that certain SpringHill Suites by Marriott Relicensing Franchise Agreement dated May 24, 2017 by an between Marriott International, Inc. and the Borrower and all ancillary documents and agreements related thereto, which Agreement was assigned to the Operating Company pursuant to that certain Assignment and Assumption of Franchise Documents dated March 29, 2018 Franchise Agreement dated any license or other franchise agreement or license with a hotel franchisor and/or hotel system provider.
Sample 1

Examples of Hotel Franchise Agreement in a sentence

  • The parties agree that effective upon the Merger, each Exhibit A Hotel Franchise Agreement for which the relevant consents referred to on Schedule 6.2.6 have been obtained is hereby amended so that there are no restrictions on Patriot or the Primary Manager from developing, owning, franchising or operating other hotels within a designated area around the relevant Exhibit A Hotel.

  • In connection with any such termination, Patriot and its Affiliates shall fully and timely "de-identify" each of the relevant Exhibit A Hotels as Marriott hotels, and all amounts payable by Interstate, Patriot, Wyndham or any Affiliate thereof under any existing Exhibit A Hotel Franchise Agreement (subject to Section 3.1.3) shall be paid to Marriott on or prior to the termination date of the relevant Exhibit A Hotel Franchise Agreement or within fifteen (15) days after the date of any subsequent invoice.

  • Effective upon the consummation of Divestiture, IHC II, LLC shall assume each Exhibit B Hotel Franchise Agreement and Interstate Hotels, LLC shall, as successor by merger to Interstate Hotels Corporation, continue to be obligated under each Exhibit C Hotel Franchise Agreement and Exhibit D Hotel Franchise Agreement, to the extent in each case that Interstate is currently the franchisee thereunder.

  • Until any such Exhibit A Hotel Franchise Agreement is terminated or expires, such agreement shall be subject to Section 12 hereof.

  • The parties agree that any default thereunder declared or occurring subsequent to the date hereof shall be addressed pursuant to the terms of such Franchise Agreements; provided, however, that notwithstanding anything in this Agreement or the relevant Exhibit D Hotel Franchise Agreement to the contrary, Patriot shall not be obligated to Marriott for liquidated damages relating to any current or past defaults by the franchisee on the Exhibit D Hotels in Cincinnati, Ohio or Orlando I Drive, Florida.

  • Because the spill occurred in early February, recreational use would have been relatively low at that time due to cold weather, but would have ramped up sub- stantially in April and peaked over the Memorial Day and July 4th holiday weeks.

  • If upon such termination, neither Newco nor any of its Affiliates is then an Approved Operator under Marriott's continuing system standards, then Patriot shall secure such an Approved Operator, and such Approved Operator shall assume the relevant Exhibit B Hotel Franchise Agreement as set forth immediately above.

  • The first priority, however, should be the development of a detailed and explicit computational model of dynamic control of complex sequential behavior, followed by an attempt to demonstrate its effectiveness in capturing everything that matters about language.

  • Until such termination, each such Exhibit A Hotel Franchise Agreement (and the existing related owner's agreement) shall continue in full force and effect, and the franchisee thereunder shall be obligated to continue to make all payments to Marriott or its Affiliates and otherwise to continue to perform all of its obligations under such Franchise Agreement, and the franchisor thereunder shall continue to perform all of its obligations under such Franchise Agreement.

  • The franchisor under the Hotel Franchise Agreement shall hold and maintain all necessary licenses, certifications and permits required by Applicable Law.


More Definitions of Hotel Franchise Agreement

Hotel Franchise Agreement means that certain License Agreement dated August 15, 2018 by and between Holiday Hospitality Franchising, LLC and PHR TCI OPCO SUB, LLC. Hotel Franchisor shall mean Holiday Hospitality Franchising, LLC. Hotel Manager as defined in Section 1.2 Hotel Management Agreement as defined in Section 1.2. Initial Maturity Date as defined in Section 2.2. Improvements as defined in Section 1.2. Investment shall mean the acquisition of any real or tangible personal property or of any stock or other security, any loan, advance, bank deposit, money market fund, contribution to capital, extension of credit (except for accounts receivable arising in the ordinary course of business and payable in accordance with customary terms), or purchase or commitment or option to purchase or otherwise acquire real estate or tangible personal property or stock or other securities of any party or any part of the business or assets comprising such business, or any part thereof (excluding purchase of personal property in the ordinary course of the Borrower’s business. Legal Requirements shall mean all applicable federal, state, county and local laws, by-laws, rules, regulations, codes and ordinances, and the requirements of any governmental agency or authority having or claiming jurisdiction with respect thereto, including, but not limited to, those applicable to zoning, subdivision, building, health, fire, safety, sanitation, the protection of the handicapped, and environmental matters and shall also include all orders and directives of any court, governmental agency or authority having or claiming jurisdiction with respect thereto. Lender as defined in the Preamble. Lxxxxx's Consultant as defined in Section 5.1.1.
Sample 1
Hotel Franchise Agreement means that certain Staybridge Suites Hotel License Agreement dated June 29, 2017 by an between Holiday Hospitality Franchising, LLC and the Borrower and amended to replace Borrower with the Operating Company by Addendum to License Agreement dated March 29, 2018 and all ancillary documents and agreements related thereto, any license or other franchise agreement or license with a hotel franchisor and/or hotel system provider.
Sample 1

Related to Hotel Franchise Agreement

  • New Franchise Agreement means the franchise license agreement to be entered into between Buyer and the Franchisor, granting to Buyer a franchise to operate the Hotel under the Brand on and after the Closing Date.

  • Franchise Agreement or “Agreement” shall mean this Agreement and any amendments or modifications hereto.

  • Existing Franchise Agreement means that certain franchise license agreement between the Seller and the Franchisor, granting to Seller a franchise to operate the Hotel under the Brand.

  • Franchise Agreements means (a) the Franchise Agreements set forth on Part IV of Schedule 4.01(p) hereto, and (b) any Franchise Agreement in respect of a Borrowing Base Asset entered into after the Closing Date in compliance with Section 5.01(r).

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • Franchise Area means the area within the jurisdictional boundaries of the City, including any areas annexed by the City during the term of this Franchise.

  • Enterprise Agreement means an agreement certified under the Workplace Relations Act 1996 (Cth) or approved under the Industrial Relations Act 1996 (NSW).

  • Management Agreement means the agreement of the Directors in the form attached hereto as Schedule C. The Management Agreement shall be deemed incorporated into, and a part of, this Agreement.

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Franchisor means Marriott International, Inc.

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Franchise Fee means a direct or indirect payment to purchase or operate a franchise. Franchise fee does not include any of the following:

  • Use Agreement means the use agreement by and between the Owner and HUD which commences on or before the Effective Date, runs with the land, binds all subsequent owners and creditors of the Exemption Area, and requires that the housing project on the Exemption Area continue to operate on terms at least as advantageous to existing and future tenants as the terms required by the original Section 202 loan agreement or any Section 8 rental assistance payments contract or any other rental housing assistance contract and all applicable federal regulations.

  • Franchise insurance means an individual insurance policy provided through a

  • O&M Agreement means the agreement(s), if any, between the Company and the O&M Contractor for the operation and maintenance of the Facility to be entered into between the Company and the O&M Contractor, as amended or superseded from time to time;

  • Franchisee means a person to whom a franchise is granted.

  • Hotel Contracts shall have the meaning set forth in Section 10.2(d).

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Redevelopment Agreement means an agreement between the

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Lease Agreements shall have the meaning set forth in Section 3.14.