New Hotel Management Agreement definition

New Hotel Management Agreement means an agreement or agreements for, among other things, the Qualified Manager to manage the Hotel, including any related owner agreement, which shall be in form and substance acceptable to the Qualified Manager and the Prepetition Secured Lender in their respective sole discretion.
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New Hotel Management Agreement means a customary agreement for a Qualified Manager or its affiliate or designee to manage the Hotel, which shall be in form and substance acceptable to the Prepetition Secured Lender in its sole discretion.
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New Hotel Management Agreement means management agreements for each of the Hotels to be entered into at Closing between Buyer (or its assignee) and the manager (the “New Manager”) identified in the new management agreement (subject to such modifications as are necessary to make such agreement applicable to the respective Hotel and to such other modifications, if any, agreed to between the Parties).
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Examples of New Hotel Management Agreement in a sentence

  • The Hotel Manager will be engaged to act as the exclusive operator and manager of the relevant New Hotel to supervise, direct and control the management, operation and promotion of the business of the relevant New Hotel during the operating term of the relevant New Hotel Management Agreement.

  • In such event: (a) the PRC Subsidiary and the JV Partner shall bear all costs incurred by the Purchaser in proportion to their shareholding interest (including those relating to the Disposal, the Renovation Consultancy Agreement, the Technical Support Services Agreement and the New Hotel Management Agreement).

  • Costs: (i) The Purchaser shall bear the costs of negotiating and drafting of the Shareholders’ Agreement, the Purchaser’s Articles, the Renovation Consultancy Agreement, the Technical Support Services Agreement and the New Hotel Management Agreement.

  • The Lessor shall also have the right to terminate the relevant New Lease Agreement in the event of, among other things, failure by the Lessee to make rental payments or breach by the Lessee of certain material undertakings under the relevant New Lease Agreement or relevant New Hotel Management Agreement.

  • The term of the appointment of the Hotel Manager is 10 years, from the date of signing of the relevant New Hotel Management Agreement.

  • Further, if any Monthly Performance Report is not delivered to the Authority on or before the date for delivery set forth above, then with respect to all Measured Services, Contractor shall be deemed to have committed a Service Level Failure for the applicable calendar month for all purposes of this Contract.

  • The Lessee, the relevant Lessor, Regal Hotels and the Hotel Manager, will enter into a New Hotel Management Agreement concurrently with the signing of the relevant New Lease Agreement.

  • Upon the occurrence of certain events, a non-defaulting party may terminate the relevant New Hotel Management Agreement immediately by serving a written notice of termination.

  • Upon the occurrence of certain events, a non-defaulting party may terminate the relevant New Hotel Management Agreement by giving three months’ written notice.

  • During the term of each New Lease Agreement, the Lessee will assume the obligations of the “Owner” under the relevant New Hotel Management Agreement.


More Definitions of New Hotel Management Agreement

New Hotel Management Agreement means that certain Hotel Management Agreement to be entered into by and among the Reorganized Debtor and the Hotel Manager with respect to the operation and management of the Hotel.
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New Hotel Management Agreement shall have the meaning set forth in Section 9(b).
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Related to New Hotel Management Agreement

  • 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.

  • Management Agreement means the agreement to be entered into between the Borrower and the Manager providing for the ship management and crewing services of the Vessel, such agreement to be in the form and on the terms and conditions required by the Agent;

  • Investment Management Agreement means the Investment Management Agreement made

  • Development Agreement has the meaning set forth in the Recitals.

  • Enterprise Agreement means an agreement certified under the Workplace Relations Act 1996 (Cth) or approved under the Industrial Relations Act 1996 (NSW).

  • Secondment Agreement is defined in Section 2.2.

  • Construction management contract means a contract in which a party is retained by the owner to