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.
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.
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.
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.
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.
Borrower shall provide Lender with evidence reasonably satisfactory to Lender that the Marriott Manager (or Approved Qualified Manager, as applicable) is reserving such amounts.
Borrower shall cause Mortgage Borrower and Operating Lessee to 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 shall keep Seller reasonably apprised of the status of Buyer’s efforts to pursue any Franchisor’s Consents and Marriott Manager’s Consents, and Buyer shall promptly deliver to Seller a summary of all proposed requests made to the applicable Franchisor(s) and Marriott Manager in Buyer’s change of ownership applications.
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.