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.

  • The New Hotel Management Agreement is the best branding and management agreement available for the Hotel, is necessary to the consummation of the Plan and the operation of the Hotel.

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

  • The Plan is premised in material part on entry into the New Hotel Management Agreement with the Qualified Manager.

  • Renovation of Clinic Park Home (Nocomboshe Clinic), Bid number: ZNQ 68MNT/2012/13.

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

  • If such approval is not obtained, the New Hotel Management Agreement will not be entered into, and the Manager shall seek an alternative hotel manager for the iclub Wan Chai Hotel following the expiry of the existing Hotel Management Agreement.

  • Based on the foregoing, the Manager considers the New Hotel Management Agreement to be the best available deal for Regal REIT.

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

  • The Manager also believes that the New Hotel Management Agreement will facilitate business continuity by maintaining the current hotel management arrangements.


More Definitions of New Hotel Management Agreement

New Hotel Management Agreement shall have the meaning set forth in Section 9(b).
Sample 1
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.
Sample 1

Related to New Hotel Management Agreement

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • Property Management Agreement means that certain management agreement between the Company and the Property Manager with respect to the management of the Property.

  • Existing Management Agreement means that certain management agreement between the Seller and the Existing Manager for the operation and management of the Hotel.

  • 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.

  • Construction Management Agreement means the Construction Management Agreement, dated as of the date of the Common Agreement, between Construction Manager and the Project Company.

  • New Management Agreement means the management agreement to be entered into between Buyer and the Manager for the operation and management of the Hotel on and after the Closing Date.

  • Project Management Agreement means the agreement dated the 20th February 1985 made between the Trustee and the Manager providing for the Manager to manage and co-ordinate the development and construction of the Resort and includes, if that agreement is terminated, any other agreement in like and similar terms made with the prior consent of the Minister;

  • Management Agreement means the agreement of the Directors in the form attached hereto as Schedule C. The Management Agreement shall be deemed incorporated into, and a part of, this Agreement.

  • Sponsor Management Agreement means the Management Agreement between certain of the management companies associated with the Sponsors and the Borrower.

  • Collateral Management Agreement The agreement dated as of the Closing Date, between the Issuer and the Collateral Manager relating to the management of the Collateral Obligations and the other Assets by the Collateral Manager on behalf of the Issuer, as amended from time to time in accordance with the terms thereof.

  • Investment Management Agreement means the Investment Management Agreement, dated as of the date hereof, by and between the Investment Manager and the Borrower.

  • Redevelopment Agreement means an agreement between the

  • Replacement Management Agreement means, collectively, (a) either (i) a management agreement with a Qualified Manager substantially in the same form and substance as the Management Agreement, or (ii) a management agreement with a Qualified Manager, which management agreement shall be reasonably acceptable to Lender in form and substance, provided, with respect to this subclause (ii), Lender, at its option, may require that Borrower shall have obtained prior written confirmation from the applicable Rating Agencies that such management agreement will not cause a downgrade, withdrawal or qualification of the then current rating of the Securities or any class thereof and (b) an assignment of management agreement and subordination of management fees substantially in the form then used by Lender (or of such other form and substance reasonably acceptable to Lender), executed and delivered to Lender by Borrower and such Qualified Manager at Borrower’s expense.

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Assignment of Management Agreement means the Assignment of Management Agreement and Subordination of Management Fees, dated the same date as this Loan Agreement, among Borrower, Lender and Property Manager, including all schedules, riders, allonges and addenda, as such Assignment of Management Agreement may be amended from time to time, and any future Assignment of Management Agreement and Subordination of Management Fees executed in accordance with Section 6.09(d).

  • Network Operating Agreement means an executed agreement that contains the terms and conditions under which the Network Customer shall operate its facilities and the technical and operational matters associated with the implementation of Network Integration Transmission Service under Tariff, Part III.

  • Easement Agreement means any conditions, covenants, restrictions, easements, declarations, licenses and other agreements listed as Permitted Encumbrances or as may hereafter affect the Leased Premises.

  • Construction Services Agreement (CSA) means the Construction Services Agreement, together with any duly authorized and executed amendments hereto.

  • 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.

  • Existing Franchise Agreement means that certain franchise license agreement between the Seller and the Franchisor, granting to Seller a franchise to operate the Hotel under the Brand.

  • Construction Agreement means the proposed building agreement between the Company and a proposed builder substantially in the form of the draft agreement a copy of which has been signed on behalf of the Authority and the Company for the purposes of identification;

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

  • Management Letter means formal communications from the auditor to the client management in accordance with the International Standard on Auditing 265 (communicating deficiencies in internal control to those charged with governance and management), which is not required to be provided separately as it is equivalent to the Audit Findings and Recommendations prepared by the Project auditor and submitted to ADB;

  • Investment Management Agreement or IMA means the Investment Management Agreement (IMA) dated December 9, 2002, executed between UTI Trustee Company Private Limited and UTI Asset Management Company Limited.