Hotel Interests definition

Hotel Interests means the Fee Properties, Leasehold Properties and Equity Interests being transferred by CTF to the Purchaser in accordance with this Agreement, the Ancillary Agreements, the CTF Agreement and the CTF Ancillary Agreements.
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Hotel Interests means the Fee Properties, Leasehold Properties and Equity Interests being transferred in accordance with this Agreement and the Ancillary Agreements.
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Hotel Interests shall not include (i) the manager's interest under any hotel management agreement or similar arrangement, (ii) the lessee's interest under any lease that creates a relationship between the parties thereto substantially similar to the relationship between an owner and operator in a customary hotel management agreement or (iii) the lessee's interest under any "operating lease" of the type customarily entered into by real estate investment trusts which directly or indirectly own hotel properties.
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Examples of Hotel Interests in a sentence

  • The operations of the Company are managed by Southern Sun Hotel Interests Proprietary Limited.

  • Completion of the Hotel Interests Disposal took place on 31 December 2019.

  • In Southern Sun Hotel Interests (Pty) Ltd v CCMA and Others, van Niekerk J expressed the opinion that the reasonableness requirement is relevant to both process and outcome.

  • Pending conclusion of the refinancing arrangements, P&R has agreed to provide the Top Up Loan on an unsecured basis.Paliburg and Regal will continue to provide the Guarantees for the Project Loan Facility after the Hotel Interests Disposal Completion.

  • The Appeal Court recently confirmed, interpreted, and applied this principle in Mohamed’s Leisure Holdings (Pty) Ltd v Southern Sun Hotel Interests (Pty) Ltd 2018 (2) SA 314 (SCA) para [32] (hereafter Mohamed’s Leisure); Eiselen (1989) THRHR 517-523.

  • The mutual grant of the Hotel Call Option and the Hotel Put Option is part and parcel of the terms of the Hotel Interests Disposal Agreement.

  • After the Hotel Interests Disposal Completion, P&R will use its reasonable endeavours to procure the New Facility to refinance the Project Loan Facility.

  • As the Hotel Holding Company ceased to be a subsidiary of Century City,Paliburg and P&R upon the Hotel Interests Disposal Completion, the Guarantees will become a transaction for each of Century City and Paliburg under Rule 14.04(e) of the Listing Rules and a connected transaction for Regal under Rule 14A.76(2) and therefore, be subject to the disclosure requirements under Chapters 14 and 14A of the Listing Rules, respectively.

  • On 7 February 2020, pursuant to a deed of assignment entered into between the Hotel Purchaser and the Second Cosmo Shares Purchaser, a wholly-owned subsidiary of the Hotel Purchaser, the Hotel Purchaser assigned its rights in the Hotel Interests Disposal Agreement and transferred the Hotel Holding Company Sale Shares and the Hotel Holding Company Sale Loan to the Second Cosmo Shares Purchaser.

  • GUARANTEES Paliburg and Regal have continued to provide the Guarantees for the Project Loan Facility (as procured by P&R) after the Hotel Interests Disposal Completion.


More Definitions of Hotel Interests

Hotel Interests means the New Orleans, San Antonio and San Xxxxx Hotels and the Partnership's 50% limited partnership interest in the Santa Xxxxx Partnership. Reference to a "Hotel Interest" means one of the three Hotels included in the definition of "Hotel Interests" or the Partnership's interest in the Santa Xxxxx Partnership.
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Hotel Interests or the Partnership's interest in the Santa Xxxxx Partnership.
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Hotel Interests means, collectively, (i) Hotels, --------------- (ii) direct or indirect equity interests in Persons that own Hotels or that lease Hotels, (iii) undivided interests in Hotels and leasehold interests in Hotels, and (iv) Hotel Debt (and undivided interests therein) and direct or indirect equity interests in Persons that hold Hotel Debt. The interests described in the foregoing clauses (ii) and (iii) are collectively referred to herein as "Hotel Equity Interests". Notwithstanding the foregoing, the term ---------------------- "Hotel Interests" shall not include (i) the manager's interest under any hotel management agreement or similar arrangement, (ii) the lessee's interest under any lease that creates a relationship between the parties thereto substantially similar to the relationship between an owner and operator in a customary hotel management agreement or (iii) the lessee's interest under any "operating lease" of the type customarily entered into by real estate investment trusts which directly or indirectly own hotel properties.
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Hotel Interests means, collectively, (i) Hotels, (ii) direct or indirect equity interests in Persons that own Hotels or that lease Hotels, (iii) undivided interests in Hotels and leasehold interests in Hotels, and (iv) Hotel Debt (and undivided interests therein) and direct or indirect equity interests in Persons that hold Hotel Debt. The interests described in the foregoing clauses (ii) and (iii) are
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Related to Hotel Interests

  • Transferred Interests has the meaning set forth in the Recitals.

  • Capital Interests means any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock, including, without limitation, with respect to partnerships, partnership interests (whether general or limited) and any other interest or participation that confers on a person the right to receive a share of the profits and losses of, or distributions of assets of, such partnership.

  • Transferred Interest means, at any time of determination, an undivided percentage ownership interest in (i) each and every then outstanding Receivable, (ii) all Related Security with respect to each such Receivable, (iii) all Collections with respect thereto, and (iv) other Proceeds of the foregoing, which undivided ownership interest shall be equal to the Aggregate Percentage Factor at such time, and only at such time (without regard to prior calculations). The Transferred Interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, shall at all times be equal to the Transferred Interest in each other Receivable, together with Related Security, Collections and Proceeds with respect thereto. To the extent that the Transferred Interest shall decrease as a result of a recalculation of the Aggregate Percentage Factor, the Administrative Agent on behalf of the applicable Class Investors shall be considered to have reconveyed to the Transferor an undivided percentage ownership interest in each Receivable, together with Related Security, Collections and Proceeds with respect thereto, in an amount equal to such decrease such that in each case the Transferred Interest in each Receivable shall be equal to the Transferred Interest in each other Receivable.

  • Asset Interest is defined in Section 2.1(b).

  • Purchased Interests has the meaning set forth in the Recitals.

  • Class R Residual Interests The Class R-1 and Class R-2 Residual Interests (which shall be transferable only as a unit evidenced by the Class R Certificates, in accordance with the applicable provisions of Section 5.01).

  • Contributed Interests has the meaning set forth in the recitals.

  • Residual Interests As specified in the Preliminary Statement.

  • Assigned Interests has the meaning set forth in Section 2 hereof;

  • Purchased Interest means, at any time, the undivided percentage ownership interest of the Purchasers in: (a) each and every Pool Receivable now existing or hereafter arising, (b) all Related Security with respect to such Pool Receivables and (c) all Collections with respect to, and other proceeds of, such Pool Receivables and Related Security. Such undivided percentage ownership interest shall be computed as:

  • Capital Interest means the proportion that a Member's positive Capital Account bears to the aggregate positive Capital Accounts of all Members whose Capital Accounts have positive balances as may be adjusted from time to time.

  • Class R-3 Interest The uncertificated Residual Interest in REMIC 3.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Partnership Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all partnership capital and interest in other partnerships), at any time owned by any Pledgor or represented by any Partnership Interest.

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.

  • Leasehold Interests means all of each Borrower’s right, title and interest in and to, and as lessee, of the premises identified on Schedule 4.19(A) hereto.

  • Member Interest means an equity interest of a Member in the Company and includes any and all benefits to which such Member is entitled as provided in this Agreement, together with all obligations of such Member pursuant to the terms and provisions of this Agreement.

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • Partnership Interest means an ownership interest in the Partnership held by either a Limited Partner or the General Partner and includes any and all benefits to which the holder of such a Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Class R-4 Interest The uncertificated Residual Interest in REMIC 4.

  • Membership Interests has the meaning set forth in the recitals.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Economic Interest means a Person’s right to share in the income, gains, losses, deductions, credits, or similar items of the Company, and to receive Distributions from the Company, but excluding any other rights of a Member, including the right to vote or to participate in management, or, except as may be provided in the Act, any right to information concerning the business and affairs of the Company.

  • REMIC II Interests means, collectively, the REMIC II Regular Interests and the Class R-II Certificates.

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.