Examples of Hotel License Agreement in a sentence
Where required under the terms of such agreements, the consent of the non-assigning party to each Contract, Lease and Hotel License Agreement which Buyer is obligated, or elects, to accept under this Agreement, without requirement that Buyer pay any amount, incur any additional obligation or liability, agree to any material change in the assigned contract or waive any rights or benefits thereunder, in order to obtain such consent.
This has always brought confusion among staff on who should identify records for disposal, when, what procedures to follow.
Notwithstanding the foregoing, upon at least thirty (30) days' prior written notice to Manager, Owner shall have the right to opt out of any purchasing program in respect of all purchases or such items as Owner may designate in such notice and purchase items of its own, whether through the Hotel License Agreement and Restaurant License Agreement with Planet Hollywood or otherwise.
Seller and Buyer shall also prorate the “Incentive Fee” (as that term is defined in the Hotel License Agreement) payable to Manager for calendar year 2017, as re-forecasted by Manager on an annual basis for 2017 from time to time, on a daily basis for calendar year 2017 (i.e., divided by 365 days) such that Seller’s share is the number of days prior to the Closing Date and Buyer’s share is the balance of such amount.
We understand that Buyer and Seller are entering a transaction pursuant to which Seller will assign its right, title and interest in and to the Hotel License Agreement to Buyer or Buyer's assignee (or Buyer will seek to execute a new hotel license agreement with Licensor).