Hotel Lease Agreement definition

Hotel Lease Agreement means an agreement to lease all or part of a Property from the relevant Property Company (including all appendices thereto) for the purpose of conducting hotel operations.
Sample 1Sample 2Sample 3
Hotel Lease Agreement is defined in the Recitals to this Agreement.
Sample 1Sample 2
Hotel Lease Agreement means that certain Hotel Lease Agreement for the lease of the Property, by and between Michigan Avenue, LLC and Property LLC.
Sample 1Sample 2

Examples of Hotel Lease Agreement in a sentence

  • Details of the New Hotel Lease Agreement and the Car Park Lease Agreement are set out in the Acquisition Circular and a separate waiver for the New Hotel Lease Agreement and the Car Park Lease Agreement will be sought from the Independent Unitholders.

  • Our Company has formally taken the Shambhu Lodge, currently known as Osiya Shambhu Lodge from Rajesh Kumar Negi, our promoter and Managing Director and Mukesh Kumar Negi through a Hotel Lease Agreement dated September 1, 2021 on a yearly lease rent of ` 2,40,000 and ` 10,000 per month for extra expenses.

  • Such security deposit can be utilized by the Lessor in the event that the Lessee is in breach of its payment obligation under the New Hotel Lease Agreement.

  • New Century Tourism has agreed to provide a guarantee to the Lessor with respect to the obligations of the Lessee under the New Hotel Lease Agreement.

  • For the first five years from the commencement of the New Hotel Lease Agreement, the Lessee is required to pay a minimum aggregate annual Base Rent of RMB22 million.

  • New Century REIT (through the Lessor) has entered into the New Hotel Lease Agreement with the Lessee in respect of a total area of 47,340 sqm (excluding certain leisure facilities in Kaifeng Hotel of approximately 6,172 sqm).

  • Any amount recovered following the early termination of the Amended Lease Agreement will be applied depending on status of the Lenders.Risks associated with rental income: From the delivery date of the Resort to Club Med, SARL is due to receive rental income under the Hotel Lease Agreement.

  • The currency risk will be mitigated via hedging strategies to fix the capital expenditure amount in EURO upfront.• Risk related to the Hotel Lease Agreement:Early termination of the Hotel Lease Agreement: There is a risk of early termination of the Hotel Lease Agreement by either SARL or Club Med, and this might affect the ability of the Issuer to service its debt obligations.

  • For the purposes of calculating the Base Rent for the first and last incomplete financial year period of each five year term (i.e. from commencement of the New Hotel Lease Agreement or the commencement of each five year term to the end of that year and from the beginning of year to the end of each five year term), the amount of Base Rent for that period should be proportionately adjusted based on the number of days in such period.

  • Under the Kaifeng Hotel Lease Agreement, the subsequent lease period (being the sixth year to the tenth year under the Kaifeng Hotel First TenYear Term) will commence on 31 July 2020.

Related to Hotel Lease Agreement

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Rental agreement or "lease agreement" means all agreements, written or oral, and valid rules and

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;