Hotel Licenses definition

Hotel Licenses as defined in Section 4.3(b).
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Hotel Licenses as defined in Section 4.3(b). “Hotel Property”: Real Property owned or leased by a Subsidiary, on which there is located an operating hotel. “IBA”: as defined in Section 2.15(a). “Improvements”: any Subsidiary’s interest in and to all on site and off site improvements to the Hotel Properties, together with all fixtures, Tenant improvements, and appurtenances now or later to be located on the Hotel Properties or in such improvements. “Incremental Amendment”: as defined in Section 2.23(c)(ii). “Incremental Facilitiesy”: as defined in Section 2.23(a). “Incremental Term Loan Facilityies”: as defined in Section 2.23(a). “Incremental Term Loan Facility Notice”: each notice delivered by the Borrower to the Administrative Agent pursuant to Section 2.23 requesting an Incremental Term Loan Facility. “Incremental Term Loans”: as defined in Section 2.23(a). “Indebtedness”: of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person for the deferred purchase price of Property (excluding any obligations under a contract to purchase Property that has not been consummated) or services (other than trade payables incurred in the ordinary course of such Person’s business), (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all indebtedness created or arising under any conditional sale or other title retention agreement with respect to Property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such Property), (e) all Capital Lease Obligations of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party or applicant under acceptance, letter of credit, surety bond or similar facilities, (g) all obligations of such Person, contingent or otherwise, to purchase, redeem, retire or
Sample 1
Hotel Licenses as defined in Section 4.3(b). “Hotel Property”: Real Property owned or leased by a Subsidiary, on which there is located an operating hotel. “Improvements”: any Subsidiary’s interest in and to all on site and off site improvements to the Hotel Properties, together with all fixtures, Tenant improvements, and appurtenances now or later to be located on the Hotel Properties or in such improvements. “Incremental Amendment”: as defined in Section 2.23(c)(ii). “Incremental Term Loan Facilities”: as defined in Section 2.23(a). “Incremental Term Loan Facility Notice”: each notice delivered by the Borrower to the Administrative Agent pursuant to Section 2.23 requesting an Incremental Term Loan Facility. “Incremental Term Loans”: as defined in Section 2.23(a).
Sample 1

Examples of Hotel Licenses in a sentence

  • Each Group Member is in compliance in all material respects with all Hotel Licenses, and no event (including, without limitation, any material violation of any law, rule or regulation) has occurred which would reasonably likely lead to the revocation or termination of any Hotel License or the imposition of any material restriction thereon.

  • The Hotel Licenses listed on Schedule 4.3(b) constitute all Hotel Licenses of the Borrowing Base Group Members.

  • The Administrative Agent shall have received for each Initial Borrowing Base Property copies of all Hotel Licenses, including all liquor and hospitality licenses.

  • The Hotel Licenses listed on Schedule 4.3(b) constitute all Hotel Licenses of the Group Members.

  • Group represents and warrants it, in conjunction with any other local authorities, has vacated any issues or violations with the Hotel’s licenses or permits in order to effectuate this Agreement include, without limitation, zoning, operational permits, liquor licenses, and property-related permits (collectively, “Hotel Licenses”) or as a result of Group’s occupancy during the Term and shall restore all Hotel Licenses to good standing at the end of the Term.

  • If any Grantor fails to perform any agreement contained herein, the Noteholder Collateral Agent may, but without any obligation to do so and without notice, itself perform, or cause performance of, such agreement, and the expenses of the Noteholder Collateral Agent incurred in connection therewith shall be payable by such Grantor under Section 17.

  • Manager agrees to use all reasonable efforts within its control to comply with any conditions or requirements set out in or imposed by law in connection with any Hotel Licenses and Permits, for so long as the expense of such compliance shall be paid for by Owner.

  • Furnish to each Agent and each Lender: 80 6.2Certificates; Other Information 816.3Payment of Obligations 82 Section6.4Conduct of Business and Maintenance of Existence; Compliance; Hotel Licenses 82 6.5Maintenance of Property; Insurance 836.6Inspection of Property; Books and Records; Discussions 86 6.7Notices 866.8Environmental Laws; Environmental Reports 88 6.9Additional Guarantors, etc.

Related to Hotel Licenses

  • Governmental Licenses has the meaning set forth in Section 4.3.

  • Business Licenses has the meaning ascribed to it in Section 1.01(a)(x).

  • Reciprocal license means the issuance of an Iowa license to practice barbering to an applicant who is currently licensed in another state and which state has a mutual agreement to license persons who have the same or similar qualifications to those required in Iowa.

  • Retail license means one of the following licenses issued under this title:

  • Occupational license means a certificate, registration, or license issued by a state department, bureau, or agency that has regulatory authority over an individual that allows an individual to legally engage in a regulated occupation or that allows the individual to use a specific title in the practice of an occupation, profession, or vocation.

  • Material License has the meaning assigned to such term in Section 7.15.

  • Permits and Licenses means any approval, consent, license, permit, waiver, exception, variance or other authorization issued, granted, given, or otherwise made available by or under the authority of a government or governmental agency or under any applicable law, regulation, rule or order.

  • Licenses and Permits means, collectively, all of Seller’s right, title and interest, to the extent assignable, in and to licenses, permits, certificates of occupancy, approvals, dedications, subdivision maps and entitlements now or hereafter issued, approved or granted by the Authorities in connection with the Real Property and the Improvements, together with all renewals and modifications thereof.

  • Professional license means any license, permit, certificate, registration, qualification, admission, temporary license, temporary permit, temporary certificate, or temporary registration that is described in divisions (W)(1) to (37) of this section and that qualifies a person as a professionally licensed person.

  • Initial license means the first permanent license granted to a qualified individual.

  • Commercial License means any license issued to an individual or entity that is not a patient, caregiver, or transporter agent.

  • Perpetual License means a license which is everlasting and valid if the software is being used in accordance with the license-agreement requirements.

  • Conditional license or "conditional approval" means a license

  • Provisional license means a nonrenewable license issued by the Board of Education for a specified

  • Original license means a motor vehicle dealer license issued to an applicant who has never been

  • Licenses means all licenses, permits, certificates of authority, authorizations, approvals, registrations, franchises and similar consents granted or issued by any Governmental or Regulatory Authority.

  • FCC Licenses means broadcasting and other licenses, authorizations, waivers and permits which are issued from time to time by the FCC.

  • Business License means a license issued by the Department to a medical marijuana dispensary, grower, processor, testing laboratory, or transporter.

  • Governmental Permits has the meaning specified in Section 5.8.

  • Environmental Licence means any permit, licence, authorisation, consent or other approval required by any Environmental Law.

  • Parent Permits has the meaning set forth in Section 4.1.

  • Governmental Approvals means all authorizations, consents, approvals, licenses and exemptions of, registrations and filings with, and reports to, all Governmental Authorities.

  • Company Permits has the meaning set forth in Section 3.12(a).

  • Local licensing authority means the governing body of a municipality or city and county, the board of county commissioners of a county, or any authority designated by municipal or county charter, municipal ordinance, or county resolution.

  • Intellectual Property Licenses means (i) any grant by the Company to another Person of any right, permission, consent or non-assertion relating to or under any of the Purchased Intellectual Property and (ii) any grant by another Person to the Company of any right, permission, consent or non-assertion relating to or under any third Person’s Intellectual Property.

  • Company IP Licenses (other than “shrink wrap,” “click wrap,” and “off the shelf” software agreements and other agreements for Software commercially available on reasonable terms to the public generally with license, maintenance, support and other fees of less than $5,000 per year (collectively, “Off-the-Shelf Software Agreements”), which are not required to be listed, although such licenses are “Company IP Licenses” as that term is used herein), under which a Target Company is a licensee or otherwise is authorized to use or practice any Intellectual Property, and describes (A) the applicable Intellectual Property licensed, sublicensed or used and (B) any royalties, license fees or other compensation due from a Target Company, if any. Each Target Company owns, free and clear of all Liens (other than Permitted Liens), has valid and enforceable rights in, and has the unrestricted right to use, sell, license, transfer or assign, all Intellectual Property currently used, licensed or held for use by such Target Company, and previously used or licensed by such Target Company, except for the Intellectual Property that is the subject of the Company IP Licenses. For each Patent and Patent application in the Company Registered IP, the Target Companies have obtained valid assignments of inventions from each inventor. Except as set forth on Schedule 4.13(a)(iii), all Company Registered IP is owned exclusively by the applicable Target Company without obligation to pay royalties, licensing fees or other fees, or otherwise account to any third party with respect to such Company Registered IP.