Examples of Hotel Partnership Agreement in a sentence
The Contributor has performed all of its obligations under the Capitol Hotel Partnership Agreement.
A Permitted Transferee to whom a Partnership Interest is Transferred or a Person to whom a Partnership Interest has been transferred pursuant to any Parallel Transfer made pursuant to the terms of Article 8 and/or arising from any Transfer under the Hotel Partnership Agreement shall be admitted as a Partner, without the necessity of obtaining the written consent of the other Partners, only if the conditions described in clauses (i) and (ii) of Section 9.2 are satisfied.
If a Partner under the Hotel Partnership Agreement exercises its tag along rights under Section 8.5 of the Hotel Partnership Agreement, the Equivalent Partner hereunder shall be deemed to have exercised tag along rights with respect to the Parallel Transfer hereunder with all of the rights and obligations of a Tag Along Partner set forth in Section 8.5 of the Hotel Partnership Agreement.
If the General Partner of the Hotel Partnership exercises its Drag Along Right under Section 8.5(b) of the Hotel Partnership Agreement, the General Partner of the Partnership hereunder may exercise such Drag Along Right with respect to the Partnership Interests sold hereunder in the same manner and under the same terms and conditions set forth in Section 8.5(b) and (c) of the Hotel Partnership Agreement.
The allocations among the Class A Partners and the Class B Partners will be based upon the allocations that are applied in the Hotel Partnership Agreement.
Each Parallel Transfer shall be subject to all of the conditions of transfer set forth in Section 8.2 of the Hotel Partnership Agreement.
Each Offering Notice delivered under Section 8.3 of the Hotel Partnership shall include or be deemed to include the price payable for the Partnership Interests Transferred hereunder and the other terms and conditions of the Transfer set forth in Section 8.3 of the Hotel Partnership Agreement, and the Partnership Interests transferred hereunder shall be offered together with the Hotel Partnership Interests under the same procedures set forth in Section 8.3 of the Hotel Partnership Agreement.
If the Transfer of Hotel Partnership Interests that gives rise to a Parallel Transfer hereunder is subject to the right of first offer provisions of Section 8.3 of the Hotel Partnership Agreement, then such Parallel Transfer shall be subject to such provisions with respect to the Partnership Interests transferred hereunder.
The terms, conditions and procedures of the KKR North Beach Put Right, including with respect to closing, payment of the Put Price and the ability of the Company to sell the Property in lieu of honoring the KKR Put Price, shall be the same as those set forth in Section 8.7 of the Hotel Partnership Agreement with respect to the KKR Partners Put Right; provided that the price of the KKR Interests to be sold in the KKR North Beach Put Right shall be the “KKR Put Price” as set forth herein.
Accordingly, any tag along notice delivered by a Partner under Section 8.5 of the Hotel Partnership Agreement shall include or be deemed to include an election by the Equivalent Partner hereunder to be treated as a Tag Along Partner and to sell the equivalent number of shares (on a relative basis) as sold by such Partner under Section 8.5 of the Hotel Partnership Agreement.