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.

  • A formal sale of shares agreement in respect of the Transaction was signed on 14 December 2015, between SSH, Southern Sun Hotel Interests Proprietary Limited ("SSHI"), Eglin Investments No 12 Proprietary Limited and Fezisource Proprietary Limited (“Newco”) (all indirect wholly-owned subsidiaries of Tsogo) and Hospitality (the “Agreement”).

  • The amount that may be recovered from the Sellers under the Purchase and Sale Agreement pursuant thereto with respect to the Specified Hotels, the Specified Hotel Interests or the Specified Hotel Transaction shall not exceed $7,770,000.00 without the consent of NS Managing Member.

  • As of the Effective Date to the Closing Date Marriott has not and will not create by its acts or omissions as manager of the Hotels, any liens, pledges, hypothecations, charges, mortgages, security interests, encumbrances, claims, infringements, interferences, options, rights of first refusal, preemptive rights or community property interests with respect to the Hotel Interests.

  • Parties: Cullinan, Liberty, Liberty Two Degrees Collective Investment Scheme in Property and Southern Sun Hotel Interests Proprietary LimitedDate: 26 August 2016Nature: In terms of this agreement, Cullinan acquired the Garden Court Umhlanga Hotel and the StayEasy Pietermaritzburg Hotel properties and businesses from Liberty for a total purchase consideration of R310 million, payable in cash.

  • If the General Partners are unable so to agree within 20 days after the FMV Date, the fair market value of the Hotel Interest(s) in question shall, at either party's election, be determined pursuant to Sections 23.2, 23.3, 23.4, 23.5, 23.6 and 23.7.

  • With regard to the Hotel Interests conveyed at Closing, Seller waives all of its right to receive any Unrestricted Allowances allocable to such Hotel Interests with respect to any portion of fiscal year 2005.

  • The impetus instead, should be consideration to the potential for increased functionality in call management, and the ability to implement policy routing features that a host/remote design may afford participating PSAPs.The State of Minnesota DPS/ECN has established requirements and specifications for NG911 call delivery in Minnesota.

  • In the event any amounts are received by the Company or NS Managing Member or any of their respective Affiliates that relate solely to the Specified Hotels, the Specified Hotel Interests or the Specified Hotel Transaction, the Company or NS Managing Member shall (or shall cause its applicable Affiliate to), as applicable, promptly remit such amounts to Chatham Managing Member.

  • The purpose of the Underlying Partnership is to acquire and own Hotel Interests and, directly or indirectly through one or more other entities, to hold, own, manage, operate, lease, mortgage, alter, improve and sell, and in all other respects to act as owner of, Hotels or, with respect to Hotel Debt, to exercise, directly or indirectly through one or more entities, all rights to which the holder of such debt is entitled.


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 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.
Sample 1
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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Hotel Interests or the Partnership's interest in the Santa Xxxxx Partnership.
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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 to this Agreement.

  • 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 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 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 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 Loan Party’s right, title and interest in and to, and as lessee of, the premises identified as leased Real Property on Schedule 4.4 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 interest in the Partnership, which shall include the General Partner Interest and Limited Partner Interests.

  • 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.

  • Upper-Tier Residual Interest The sole class of “residual interests”, within the meaning of Code Section 860G(a)(2), in the Upper-Tier REMIC and evidenced by the Class R Certificates.

  • 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.