Master Management Agreement definition

Master Management Agreement means that certain Ashford Inc. Hotel Master Management Agreement to be executed between Manager, or a subsidiary or Affiliate of the Manager, as the property manager, and Ashford Inc. or its Future Clients (or their respective designees), as the owner in interest of the Hotel Properties subject of such agreement, substantially in the form of the Master Management Agreement attached hereto as Exhibit D.

Master Management Agreement. Master Management Agreement" shall mean the amended and restated master management agreement, in form and substance satisfactory to Purchaser, to be executed by Lyric and Manager, pursuant to which Manager agrees to manage the Facilities.

Master Management Agreement means that certain Amended and Restated Braemar Hotel Master Management Agreement dated as of August 8, 2018 by and among Braemar TRS Corporation, a Delaware corporation, CHH III Tenant Parent Corp., a Delaware corporation, RC Hotels (Virgin Islands), Inc., a U.S. Virgin Islands corporation, and Remington Lodging & Hospitality, LLC, a Delaware limited liability company.

Examples of Master Management Agreement in a sentence

• Hotel Master Management Agreement by and between Hotel Lessees (defined therein) and Remington Lodging & Hospitality, LLC, dated March 10, 2011 Assignment and Subordination of Management Agreements by the Assignee (as therein defined) in favor of Xxxxx Fargo Bank, National Association and Barclays Capital Real Estate Inc.

• Hotel Master Management Agreement by and between Hotel Lessees (defined therein) and Remington Lodging & Hospitality, LLC, dated March , 2011 Assignment and Subordination of Management Agreements by the Assignee (as therein defined) in favor of Xxxxx Fargo Bank, National Association and Barclays Capital Real Estate Inc.

• Xxxxxxx, dated as of November 19, 2013, as the same may be amended from time to time, or the Master Management Agreement between the Company and Remington, dated as of November 19, 2013, as the same may be amended or supplemented from time to time, shall be within the exclusive discretion and control of a majority of the Independent Directors (or higher vote thresholds specifically set forth in such agreements) unless specifically delegated to the Advisor by a majority of the Independent Directors.

• On April 7, 2004, the effective date of the TelCove plan of reorganization, the Company paid $57,941 to TelCove, transferred the economic risks and benefits of the CLEC market assets to TelCove pursuant to the terms of the Global Settlement and entered into a Master Management Agreement which provided for the management of the CLEC market assets from April 7, 2004 through the date of transfer to TelCove.

• This Agreement shall terminate effective as of the date the Master Management Agreement is terminated.

More Definitions of Master Management Agreement

Master Management Agreement means that certain Hotel Master Management Agreement of even date herewith executed between Manager as the manager and Tenant, as the owner in interest of the Hotel Properties subject of such agreement, a copy of which is attached hereto as EXHIBIT E.

Master Management Agreement. The Amended and Restated Master Management Agreement, dated as of June 23, 1998, between Lyric and Manager, as amended from time to time, setting forth common terms and conditions for management of the Facilities. Mechanics Liens: Liens of mechanics, laborers, materialmen, suppliers or vendors. Monarch: Monarch Properties, Inc., a Maryland corporation.

Master Management Agreement means that certain Consolidated, Amended and Restated Hotel Master Management Agreement of even date herewith executed between Manager as the manager and Tenant (or its designees), as the owner in interest of the Hotel Properties subject of such agreement, a copy of which is attached hereto as Exhibit D, or any other management agreement with Manager, or a subsidiary of Manager, substantially in the form of the Master Management Agreement.

Master Management Agreement means that certain Master Agreement dated as of October 26, 2004 by and among Manager (of all of the Properties other than the Individual Property located in Atlanta, Georgia), the Operators (of all of the Properties other than the Individual Property located in Atlanta, Georgia) and certain other Affiliates of Sunstone.

Master Management Agreement. The agreement designated as such between Lyric and Manager setting forth common terms and conditions for management of the Facilities. Mechanics Liens: Liens of mechanics, laborers, materialmen, suppliers or vendors.

Master Management Agreement means that certain Master Management Agreement by and between EAGL and Fore Golf dated April 24, 2012, regarding the management by Fore Golf on behalf of EAGL of twenty one (21) of the Properties leased by EAGL from certain Sellers.

Master Management Agreement means that certain Ashford Inc. Hotel Master Management Agreement to be executed between Manager, or a subsidiary or Affiliate of the Manager, as the property manager, and Ashford Inc. or its Future Clients (or their respective designees), as the owner in interest of the Hotel Properties subject of such agreement, substantially in the form of the Master Management Agreement attached hereto as Exhibit D. “Non-Managed Hotel” shall have the meaning given such term in the Master Management Agreement. “Person” shall mean any individual, corporation, partnership, limited liability company, joint venture, association, trust, unincorporated organization or other entity. “Project Management Fee” shall have the meaning given such term in the Master Management Agreement. “Project Related Services” shall have the meaning given such term in the Master Management Agreement. “Property” means any real property or any interest therein. “Reimbursement Amount” shall mean the total of all actual out of pocket and third party costs and expenses paid by and to be reimbursed to the Remington Affiliates that were necessary and/or appropriate in connection with the Remington Transaction, including all xxxxxxx money deposits. The Reimbursement Amount shall be calculated by the Remington Parties and set forth in a certificate delivered to the Ashford Inc. Parties and certified as true and correct by the Remington Parties. The Reimbursement Amount shall not include any finder’s fee, brokerage fee, development fee, or other compensation paid to the Remington Affiliates. “Remington Affiliate” shall mean the Remington Parties and their Affiliates. “Remington Exclusivity Rights” shall have the meaning as set forth in Section 5(a). “Remington Notice” shall have the meaning as set forth in Section 4(b). “Remington Parties” shall mean Remington Holdings, LP and Manager. “Remington Termination Event” shall mean the events described in Section 3(a). “Remington Transaction” shall have the meaning as set forth in Section 4(a) “RevPAR” shall mean revenue per available room and is calculated by multiplying ADR by the average daily occupancy. “Term” shall have the meaning as set forth in Section 2. “Termination Event” shall have the meaning as set forth in Section 2. EXHIBIT B DEVELOPMENT AGREEMENT EXHIBIT C EXISTING INVESTORS None EXHIBIT D MASTER MANAGEMENT AGREEMENT