Examples of Inn Term in a sentence
The term of this Agreement shall be from the Effective Date to the expiration of the Inn Term (as defined in subsection B below) for the last Inn to which this Agreement applies.
With respect to each Inn, the "Inn Term" shall consist of an "Initial Term" and the "Renewal Term(s)".
All real estate and personal property taxes, levies, assessments and similar charges on or relating to each Inn ("Impositions") during each Inn Term shall be paid by Manager from Gross Revenues, before any fine, penalty, or interest is added thereto or lien placed upon any Inn or upon the Agreement, unless payment thereof is in good faith being contested and enforcement thereof is stayed.
All real estate and personal property taxes, levies, assessments and similar charges on or relating to each Inn ("Impositions") during each Inn Term shall be paid by Management Company on behalf of Owner from Gross Revenues before any fine, penalty, or interest is added thereto or lien placed upon the Inn or this Agreement, unless payment thereof is in good faith being contested and enforcement thereof is stayed.
If Management Company elects to exercise such option to terminate this Agreement, as to one or more of the Inns, on the expiration of the then current Inn Term with respect to such Inn or Inns, Management Company shall give Owner written notice to that effect at least eighteen (18) months prior to the expiration of the then current Inn Term with respect to such Inn or Inns.
If Manager elects to exercise such option to renew as to any or all of the Inns, it shall give Owner notice to that effect at least eighteen (18) months prior to the expiration of the then current Inn Term with respect to such Inn or Inns.
Manager shall, commencing with the Execution Date and thereafter during each Inn Term, cause to be furnished to each such Inn certain services ("Chain Services") which are furnished generally on a central or regional basis to other inns in the "Residence Inn by Marriott" System which are managed by Manager or any Marriott Affiliate, and which benefit each Inn as a participant in such System.
All real estate and personal property taxes, levies, assessments and similar charges on or relating to each Inn ("Impositions") during each Inn Term shall be paid by Manager on behalf of Lessee from Gross Revenues, before any fine, penalty, or interest is added thereto or lien placed upon any Inn or upon the Agreement, unless payment thereof is in good faith being contested and enforcement thereof is stayed.
The term of this Agreement shall be from the Original Effective Date to the expiration of the Inn Term (as defined in subsection B below) for the last Inn to which this Agreement applies.
Nothing in this Agreement shall operate to limit or exclude any liability for fraud or fraudulent misrepresentation or any other liability which cannot legally be limited or excluded.