Hotel Management Agreement definition
Examples of Hotel Management Agreement in a sentence
Each Hotel Lessee will implement management of each Hotel through the hiring of the Hotel Manager pursuant to each applicable Hotel Management Agreement.
Seller and Purchaser’s operating lessee intend that Manager will continue to be the hotel manager after the Closing, and in contemplation thereof, Seller, Purchaser’s operating lessee, and Manager have negotiated and approved the form of Hotel Management Agreement attached to this Agreement as Exhibit “I” (the “New Hotel Management Agreement”).
Assignment and Assumption of Hotel Management Agreement and Master Agreement 30 April 2010 SHP Lessee II Corp.
Notwithstanding the foregoing, no such pledge shall be permitted (i) to the extent that such pledge (or the exercise by such lender or financing source of its rights under the pledge) would constitute a Prohibited Assignment under the Hotel Management Agreement or (ii) unless the Lender (as hereinafter defined) agrees to provide to the Non-Pledging Member at the same time a copy of any default or foreclosure notice delivered by such Lender to the Pledging Member.
To the extent that any or all of the rooms at a Transferred Lodging Property or a Future Conversion Lodging Property, as applicable, are deemed converted into one or more Licensed Vacation Ownership Units pursuant to and in accordance with the terms of the applicable Hotel Management Agreement, the converted Licensed Vacation Ownership Units shall be treated as part of or deemed to constitute a Licensed Vacation Ownership Property hereunder and subject to the terms and conditions of this Agreement.