Marriott Management Agreement definition

Marriott Management Agreement means the contract for the management of the Hotel between the Contributor and the Manager.
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Marriott Management Agreement means each Management Agreement in effect as of the Closing Date between Affiliated Lessee and Marriott, as amended by the Marriott Pooling Agreement, as the same may be amended, restated, replaced, supplemented or otherwise modified in accordance with the terms hereof.
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Marriott Management Agreement. Any management agreement under which Xxxx-Xxxxxxx Management or any other Affiliate of Marriott shall be engaged to manage the Property or any portion thereof.
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Examples of Marriott Management Agreement in a sentence

  • Each of the Operating Agreements, except the Marriott Management Agreement, may be terminated by the Contributor or the Acquiror upon not more than 30 days' prior written notice and without the payment of any penalty, fee, premium or other amount.

  • Acquiror or its designee shall have entered into a new management agreement or shall have received an assignment of the existing Marriott Management Agreement in form reasonably acceptable to Acquiror.

  • From the date hereof to and including the Closing Date, Contributor shall comply with and perform all of its duties and obligations under the Marriott Management Agreement.

  • The Contributor agrees to cancel and terminate all of the Operating Agreements unless the Acquiror requests in writing prior to Closing that one or more remain in effect after Closing; provided, however, that the Acquiror shall be responsible for negotiating the termination, transfer, renegotiation, or assignment of the Marriott Management Agreement and shall be solely responsible for any and all transfer or termination fees, charges, or costs relating directly to such transfer or termination.

  • The Replacement Reserve shall be maintained for so long as this Mortgage continues in effect after the termination of the Marriott Management Agreement; provided, however, no monthly deposits will be required to the Replacement Reserve if and for so long as the Mortgaged Property is managed pursuant to a Management Agreement (as hereinafter defined) subsequently entered into in accordance with the provisions of Section 1.30 hereof.

  • Upon the termination of the Marriott Management Agreement, all funds held by Marriott thereunder in the Repairs and Equipment Reserve (as defined in the Marriott Management Agreement) and attributable to the Mortgaged Property shall be immediately assigned to Mortgagee and deposited into the Replacement Reserve.

  • Such management by an affiliated entity or a professional property management company shall be pursuant to a written agreement reasonably approved by Mortgagee (any such person or entity which manages the Mortgaged Property, including the lessee under the Percentage Lease, is hereinafter referred to as the “Manager”, and any such written agreement approved by Mortgagee, including without limitation the Marriott Management Agreement, is hereinafter referred to as the “Management Agreement”).

  • Manager and Managing Member shall have the authority (on behalf of TRS) to sign all documents required to be signed under the Marriott Management Agreement; provided, however, either such party must obtain the prior written consent of the Members with respect to any Major Decisions or Member Decisions.

  • Receipt of, with respect to each Marriott Management Agreement, (i) the Marriott Manager Approval Documents, (ii) Marriott Manager’s Consent, and (iii) to the extent applicable, either the Marriott Manager Release or a Buyer Indemnity with respect to each Marriott Management Agreement.

  • Receipt of (i) with respect to each Marriott Management Agreement, (x) the Marriott Manager Approval Documents, (y) Marriott Manager’s Consent, and (ii) with respect to all other Individual Hotels subject to a Hotel Management Agreement, evidence of termination of the Terminated Management Agreements.


More Definitions of Marriott Management Agreement

Marriott Management Agreement. That certain Management Agreement for the Marriott Marquis Chicago, dated as of June 11, 2014, between Borrower and the Marriott Manager, pursuant to which Marriott Manager is to manage the Marriott Hotel, as amended by that certain Letter Agreement between the parties dated June 11, 2014 related to the Request for Internal Revenue Service (IRS) Ruling, and as further amended by that certain Amendment to the Management Agreement between the parties dated December 3, 2014, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time with the Written Consent of the Administrative Agent. Marriott Manager: Marriott International, Inc., a Delaware corporation.
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Marriott Management Agreement means those Hotel Management Agreements pursuant to which Marriott Manager is a counterparty as set forth on Schedule 4.1(q) attached hereto.
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Marriott Management Agreement means that certain Management Agreement dated as of January 30, 2004, as amended as of November 3, 2007 and as of the date hereof, between Tenantco, as successor to the original “Owner” thereunder, and Marriott pursuant to which Marriott is to provide management and other services with respect to the Property.
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Related to Marriott Management Agreement

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • Asset Management Agreement means, as the context requires, any agreement entered into between a Series and an Asset Manager pursuant to which such Asset Manager is appointed as manager of the relevant Series Assets, as amended from time to time.

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • Project Management Agreement means the agreement dated the 20th February 1985 made between the Trustee and the Manager providing for the Manager to manage and co-ordinate the development and construction of the Resort and includes, if that agreement is terminated, any other agreement in like and similar terms made with the prior consent of the Minister;

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • Replacement Management Agreement means, collectively, (a) either (i) a management agreement with a Qualified Manager substantially in the same form and substance as the Management Agreement, or (ii) a management agreement with a Qualified Manager, which management agreement shall be reasonably acceptable to Lender in form and substance, provided, with respect to this subclause (ii), Lender, at its option, may require that Borrower shall have obtained prior written confirmation from the applicable Rating Agencies that such management agreement will not cause a downgrade, withdrawal or qualification of the then current rating of the Securities or any class thereof and (b) an assignment of management agreement and subordination of management fees substantially in the form then used by Lender (or of such other form and substance reasonably acceptable to Lender), executed and delivered to Lender by Borrower and such Qualified Manager at Borrower’s expense.

  • Investment Management Agreement means the Investment Management Agreement, dated as of the date hereof, by and between the Investment Manager and the Borrower.

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.

  • Construction Management Agreement means the Construction Management Agreement, dated as of the date of the Common Agreement, between Construction Manager and the Project Company.

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Sponsor Management Agreement means the Management Agreement between certain of the management companies associated with the Sponsors and the Borrower.

  • Management Agreement means the agreement of the Directors in the form attached hereto as Schedule C. The Management Agreement shall be deemed incorporated into, and a part of, this Agreement.

  • Management Letter means formal communications from the auditor to the client management in accordance with the International Standard on Auditing 265 (communicating deficiencies in internal control to those charged with governance and management), which is not required to be provided separately as it is equivalent to the Audit Findings and Recommendations prepared by the Project auditor and submitted to ADB;

  • Investment Management Agreement or IMA means the Investment Management Agreement (IMA) dated December 9, 2002, executed between UTI Trustee Company Private Limited and UTI Asset Management Company Limited.

  • Network Operating Agreement means an executed agreement that contains the terms and conditions under which the Network Customer shall operate its facilities and the technical and operational matters associated with the implementation of Network Integration Transmission Service under Tariff, Part III.

  • Co-operation Agreement means an agreement relating to compensation arrangements in the form of the relevant template Co-operation Agreement being:

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Treasury Management Agreement means any agreement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • Corporate Services Agreement means the Corporate Services Agreement dated as of the date hereof between the Borrower and the Services Provider, as amended from time to time in accordance with the terms hereof and thereof.

  • Rate Management Agreement means any agreement, device or arrangement providing for payments which are related to fluctuations of interest rates, exchange rates, forward rates, or equity prices, including, but not limited to, dollar-denominated or cross-currency interest rate exchange agreements, forward currency exchange agreements, interest rate cap or collar protection agreements, forward rate currency or interest rate options, puts and warrants, and any agreement pertaining to equity derivative transactions (e.g., equity or equity index swaps, options, caps, floors, collars and forwards), including without limitation any ISDA Master Agreement between Borrower and Lender or any affiliate of Fifth Third Bancorp, and any schedules, confirmations and documents and other confirming evidence between the parties confirming transactions thereunder, all whether now existing or hereafter arising, and in each case as amended, modified or supplemented from time to time.

  • Client Agreement means the agreement between the Company and the Client, which together with the Terms of Business are defined as “Operative Agreements” and govern the terms on which the Company deals with the Client.

  • Secondment Agreement is defined in Section 2.2.

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).

  • Easement Agreement means any conditions, covenants, restrictions, easements, declarations, licenses and other agreements listed as Permitted Encumbrances or as may hereafter affect the Leased Premises.

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.