Hotel Lease definition
Examples of Hotel Lease in a sentence
Landlord represents and agrees that in the event of the cancellation or termination of the Hotel Lease for any reason, this Agreement shall remain in full force and effect with Landlord substituted as Owner hereunder.
Owner, as tenant, and Landlord, are parties to that certain Master Hotel Lease executed on even date herewith wherein Owner leased the Site from Landlord.
Owner (and its Affiliates) shall pay and discharge, or cause to be paid and discharged, on or before the due date, any and all (i) payments due under any Mortgage with respect to the Inn; and (ii) any rent due under the Hotel Lease.
Lessor leased the Inn to Lessee, and Lessee leased the Inn from Lessor, pursuant to that certain Master Hotel Lease dated as of the date hereof and attached hereto as Exhibit A (the "Lease").
Purchaser agrees that it will, if permitted by the terms of the Hotel Lease, offset the Impact Fees Reimbursement due by the Tenant under the Hotel Lease (if the Impact Fees Reimbursement has not otherwise been paid by such Tenant) from any Security Deposit due back to Tenant under the Hotel Lease at the time the Security Deposit refund is due Tenant and pay such offset amount to Seller.