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.
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 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.
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.
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.
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.
Notwithstanding the foregoing, Buyer may not enter the premises of, or contact or speak to, on-site manager (but expressly excluding any Marriott Manager in connection with Buyer’s obligations under Section 3.5 hereof), any Franchisor (but expressly excluding any Franchisor in connection with Buyer’s obligations under Section 3.5 hereof), employee, guest or occupant of the Property without Seller’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.
NRTC/SRTC advises that these unused machines will either be rehabilitated or parts cannibalized to aid in the upgrade process.Fuel is available from private depots.