Hotel Transactions definition

Hotel Transactions means, collectively, (i) occupancy arrangements for customary hotel transactions in the ordinary course of Borrower’s business conducted at the hotel located at the Property, including nightly rentals (or licensing) of individual hotel rooms or suites, banquet room use and food and beverage services and (ii) informational or guest services which are terminable on one month’s notice or less without cause and without penalty or premium, including co-marketing, promotional services and outsourced services.
View Source
Hotel Transactions means a hotel booking/reservation per traveller, made, regardless of whether or not, the traveller uses the hotel reservation;
View Source
Hotel Transactions means, collectively, (i) occupancy arrangements for customary hotel transactions in the ordinary course of a Borrower’s business conducted at the hotel located at the Hotel Property, including nightly rentals (or licensing) of hotel rooms or suites, banquet room use and food and beverage services and (ii) informational or guest services which are terminable on one month’s notice or less without cause and without penalty or premium, including co-marketing, promotional services and outsourced services.
View Source

Examples of Hotel Transactions in a sentence

  • Subject to the rights of tenants and occupants pursuant to Hotel Transactions, Lender and any Person designated by Lender shall have, and are hereby granted, the right to enter upon the Property at any time and from time to time for the purpose of taking any such action.

  • Subject to the rights of tenants and occupants pursuant to Hotel Transactions, ▇▇▇▇▇▇ and any Person designated by Lender shall have, and are hereby granted, the right to enter upon the Property at any time and from time to time for the purpose of taking any such action.

  • Subject to the rights of tenants and/or occupants pursuant to Hotel Transactions, Borrower shall permit agents, representatives and employees of Lender to inspect any Property or any part thereof at reasonable hours upon reasonable advance notice.

  • Subject to the rights of tenants and/or occupants pursuant to Hotel Transactions, Borrower shall permit (and shall cause Mortgage Borrower to permit) agents, representatives and employees of Lender to inspect any Property or any part thereof at reasonable hours upon reasonable advance notice.