Hotel Systems definition
Examples of Hotel Systems in a sentence
The Pre-Opening and Hotel Systems Services Budget contains estimates of expenses for hotel systems services procurement items (the “Hotel Systems Expenses”).
Hotel Systems Expenses shall include the cost of Hotel Systems and Equipment.
Guarantee of Franchise License Agreement, dated December 5, 2002, made by WHP Hotel Owner-1, L.P., a Delaware limited partnership, as Guarantor, in connection with the Franchise Agreement by and between Doubletree Hotel Systems, Inc., a Delaware corporation, as Licensor, and WHP Hotel Lessee-1, Inc., a Delaware corporation, as Licensee, covering that certain Doubletree Guest Suites Minneapolis located at ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇.
It is understood, that to the extent that such a delay or postponement (a) resulting from an TRS Delay causes increased Hotel Systems Expenses that cannot reasonably be avoided, TRS shall promptly pay such increased Hotel Systems Expenses, and (b) resulting from Management Company’s failure to perform its obligations under this Agreement causes increased Hotel Systems Expenses that cannot reasonably be avoided, Management Company shall promptly pay such increased Hotel Systems Expenses.
If TRS fails to reimburse or advance any amounts due Management Company for Hotel Systems Expenses or Pre-Opening Expenses when due or to pay amounts due Management Company for its Pre-Opening Fee within the time periods specified in this Agreement, Management Company reserves the right to include a late charge of one percent (1%) per month thereafter on all amounts due.
In addition to the monthly accountings provided to TRS in accordance with Section 2.4, within ninety (90) days after the Management Commencement Date, Management Company shall furnish TRS with a final accounting and reconciliation disclosing in reasonable detail the total amount of Hotel Systems Expenses actually incurred, it being understood that such final accounting may require adjustment pending Management Company’s receipt of all outstanding invoices.
TRS shall notify Management Company in advance of any impending delay or postponement of the Target Commencement Date to enable Management Company (to the maximum extent reasonably practicable) to minimize or otherwise avoid incurring increases in Hotel Systems Expenses occasioned thereby.
TRS shall provide secure and locked storage space in the Project to hold the Hotel Systems and Equipment upon delivery to the Project until installation of such equipment is completed.
Subject to the Pre-Opening and Hotel Systems Services Budget, TRS shall provide all funds to pay any amounts or, as applicable, reimburse any deficiencies that are to be paid by TRS arising in connection with the Pre-Opening Expenses.
TRS shall include all furniture, fixtures and equipment, Hotel Systems and Equipment, OS&E, and other “contents” as the same are delivered to the Project, on TRS’s policies of personal property insurance, which insurance shall name TRS as the named insureds and Management Company as additional named insured, as their respective interests may appear, and to include any other additional insureds as required by TRS.