Marriott Manager definition

Marriott Manager means Marriott Hotel Services Inc.; The ▇▇▇▇-▇▇▇▇▇▇▇ Hotel Company, L.L.C.; and Courtyard Management Corporation, or such other substitute manager that is a Qualified Manager and assumes, to extent permitted by, and in accordance with, this Agreement, the management of the Individual Properties that are being managed by a Marriott Manager as of the date hereof.

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Marriott Manager means, individually and/or collectively as the context may require, (a) with respect to the Individual Property known as Marriott, Redmond, Washington, Marriott International Inc., (b) with respect to the Individual Property known as Spring Hill Suites, Ft. Worth, Texas, Springhill SMC Corporation and (c) with respect to the Individual Property known as Courtyard by Marriott, Myrtle Beach, South Carolina, Courtyard Management Corporation, or, in each case, their applicable successors and assigns as permitted under the Management Agreements with the Marriott Manager.

Marriott Manager means, individually and/or collectively as the context may require, any subsidiary of Marriott International Inc., and any Successor Brand Manager that assumes the rights and obligations of a Marriott Manager under, and in accordance with the terms of, such Marriott Manager’s Brand Management Agreement (as opposed to entering into a new Management Agreement).

Examples of Marriott Manager in a sentence

• Notwithstanding anything to the contrary contained in this Article 9, Tenant's obligation to maintain the insurance herein required may be brought within the coverage of a so-called blanket policy or policies of insurance carried and maintained by Tenant or Crestline, and as long as Manager is Marriott or an Affiliate of Marriott, Manager or Marriott or any Subsidiary of Manager or Marriott.

• To Borrower’s Knowledge, Schedule XXIV attached hereto and made a part hereof sets forth the accounting for the accounting period stated therein produced by each Marriott Manager and delivered to Borrower.

• Lender acknowledges that Operating Lessee and Mortgage Borrowers are parties to Management Agreements and Franchise Owner Agreements (“Marriott Management Documents”) with respect to the Marriott Managed Properties as of the date hereof and that certain obligations of the Loan Parties, and certain rights of the Lender, under the Loan Documents relate to matters that are within the control and discretion of the Marriott Manager and not the Loan Parties, the Mortgage Loan Parties or Lender.

• Borrower shall provide Lender with evidence reasonably satisfactory to Lender that the Marriott Manager (or Approved Qualified Manager, as applicable) is reserving such amounts.

• Notwithstanding the foregoing, provided that the Manager of the Property is the Marriott Manager (or an Approved Qualified Manager) and such Marriott Manager (or Approved Qualified Manager, as applicable) is reserving for the Replacements under the Management Agreement, then Borrower shall not be required to make the Replacement Reserve Monthly Deposits.

• Upon receiving the Building Estimate from Marriott, Manager shall submit the Building Estimate to Lessee for its approval at the same time as Manager submits the Proposed Business Plan described in Section 4.05.

• Notwithstanding the foregoing provisions of this Section 7.2, provided that the Manager of the Property is the Marriott Manager (or an Approved Qualified Manager) and such Marriott Manager (or Approved Qualified Manager) is required to reserve for and pay all Taxes and Insurance Premiums pursuant to the terms of the Management Agreement, then Borrower shall not be required to make any deposits to the Tax and Insurance Escrow Fund.

• Borrower and Operating Lessee shall use commercially reasonable efforts to cause Marriott Manager to cause all Marriott Manager Remittances to be deposited into the Cash Management Account as provided in the applicable Management Agreement.

• Buyer acknowledges that the Seller Parties shall not have any liability in the event that a Franchisor or Marriott Manager does not provide a Franchisor’s Consent or Marriott Manager’s Consent.

• Borrower shall cause the Marriott Manager (with respect to the Marriott Hotel) and the Hyatt Manager (with respect to the Hyatt Hotel) to use, maintain, and operate the Marriott Hotel and the Hyatt Hotel, respectively in compliance with the material provisions of the Marriott Management Agreement and the Hyatt Management Agreement, as applicable.

More Definitions of Marriott Manager

Marriott Manager means Renaissance Hotel Management Company, LLC, a Delaware limited liability company.

Marriott Manager means, individually or collectively as the context may require, (i) Courtyard Management Corporation, with respect to the CBM Hotel Portfolio, and (ii) Marriott Hotel Services, Inc., with respect to the Miami Hotel Portfolio.