Oak Tree Inn Hotels definition

Oak Tree Inn Hotels means, collectively, hotels owned by the REIT that have railway lodging agreements and are operated under the “Oak Tree Inn” brand;
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Oak Tree Inn Hotels means, collectively, select service hotels owned by the REIT that have rail crew lodging agreements and are operated under the “Oak Tree Inn” brand;
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Oak Tree Inn Hotels means, collectively, hotels owned by the REIT that have rail crew lodging agreements andare operated under the “Oak Tree Inn” brand;
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Examples of Oak Tree Inn Hotels in a sentence

  • Contingent consideration: September 30,December 31, 20142013 Opening balance $ 5,085 $ - Acquisition of Oak Tree Inn Hotels-4,916 Accretion152169 Closing balance$ 5,237$ 5,085 Pursuant to the purchase agreement for the Oak Tree Inn Hotels on February 20, 2013, $5,500 of the purchase price was subject to an earn-out provision, upon achievement of certain performance-based targets prior to December 31, 2015.

  • The two segments are: (i) the Oak Tree Inn Hotels that have railway lodging agreements; and (ii) the Branded Hotels that have franchise agreements.

  • The Oak Tree Inn Hotel Loans are secured by a first priority security interest on all business assets of two of AHIP’s subsidiaries, Lodging Properties LLC and Lodging Enterprises LLC, including a first priority mortgage on each of the Oak Tree Inn Hotels.

  • June 30,December 31, 20152014 Opening balance $ 474 $ 460 Accretion1114 Closing balance$ 485$ 474 Pursuant to the purchase agreement for the Oak Tree Inn Hotels on February 20, 2013, an additional $250 compensation will be paid to the sellers for each “Qualifying New Contract” that AHIP enters into within two years of the Closing Date to a maximum of $1,250.

  • Lodging facility agreements: The Oak Tree Inn Hotels have lodging facility agreements with several railway companies.

  • Deferred compensation payable (continued):As it was uncertain whether any Qualifying New Contracts would be executed by December 31, 2015, the fees for the signing of Qualifying New Contracts were not included in the purchase price of the Oak Tree Inn Hotels at the acquisition date, and the fees would be recognized upon the signing of each Qualifying New Contract.

  • Deferred compensation payable: September 30, December 31,2015 2014 Opening balance $ 474 $ 460Addition 920 -Accretion 17 141,411 474Current portion of deferred compensation payable (741) - Closing balance $ 670 $ 474Pursuant to the purchase agreement for the Oak Tree Inn Hotels on February 20, 2013, an additional $250 compensation will be paid to the sellers for each “Qualifying New Contract” that AHIP enters into within two years of the Closing Date to a maximum of $1,250.

  • AHIP reimburses the related party for rental payments on a monthly basis.(b) Lodging facility agreements:The Oak Tree Inn Hotels have lodging facility agreements with several railway companies.

  • Acquisition of new Oak Tree Inn Hotels from SunOne: On February 20, 2013, AHIP entered into an agreement (the “Master Development Agreement”) with SunOne Developments Inc.

  • The Oak Tree Inn Hotel Loans are secured by a first priority security interest on all business assets of two of AHIP’s subsidiaries, Lodging Properties LLC and Lodging Enterprises, LLC, including a first priority mortgage on each of the Oak Tree Inn Hotels.

Related to Oak Tree Inn Hotels

  • Apartment owner means the person owning an apartment and an undivided interest in the common areas and facilities appurtenant to such apartment in the percentage specified in the conveyance deed of apartment;

  • Retail Store – means any business facility that sells goods directly to the consumer whether for or not-for-profit, including, but not limited to, retail stores, restaurants, pharmacies, convenience and grocery stores, liquor stores, as well as seasonal and temporary businesses.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Condominium Corporation means a condominium or strata corporation established under provincial legislation.

  • Property Owner means any person shown as the owner of land on the last equalized assessment roll or otherwise known to be the owner of land by the city council. “Business owner” means any person recognized by the city as the owner of the business. “Owner” means either a business owner or a property owner. The city council has no obligation to obtain other information as to the ownership of land or businesses, and its determination of ownership shall be final and conclusive for the purposes of this part. Wherever this part requires the signature of the property owner, the signature of the authorized agent of the property owner shall be sufficient. Wherever this part requires the signature of the business owner, the signature of the authorized agent of the business owner shall be sufficient.

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Shopping Center means the Shopping Center identified on the initial page hereof.

  • Apartment shall have the meaning ascribed to it in Recital H;

  • Hospitality means the considerate care of guests, which may include refreshments, accommodation and entertainment at a restaurant, hotel, club, resort, convention, concert, sporting event or other venue such as Company offices, with or without the personal presence of the host. Provision of travel may also be included, as may other services such as provision of guides, attendants and escorts; use of facilities such as a spa, golf course or ski resort with equipment included;

  • Shopping Centre means a grouping of commercial retail outlets which have been designed, developed and managed as a unit by a single owner or group of owners or tenants located on the same lot or lots with a frontage not less than 45 metres and having common on-site parking;

  • Harbour Master means the ABP Harbour Master or Dock Master for the Port (as appropriate) or their authorised representative;

  • Operating Partnership has the meaning set forth in the preamble.

  • Retail marijuana store means an entity licensed to purchase Retail Marijuana from a Retail Marijuana Cultivation Facility and to purchase Retail Marijuana Product from a Retail Marijuana Products Manufacturing Facility and to sell Retail Marijuana and Retail Marijuana Product to consumers.

  • Operating Partnership Agreement means the Agreement of Limited Partnership of the Operating Partnership, as it may be amended, supplemented or restated from time to time.

  • Private road or driveway means every way or place in private ownership and used for vehicular travel by the owner and those having express or implied permission from the owner, but not by other persons.

  • Single-family dwelling unit means a structure that is usually occupied by just one household or family and for the purposes of this Policy is expected to generate an average of 250 gallons per day of wastewater.

  • Timberland means land, other than land owned by the federal government and land designated by the board as experimental forest land, which is available for, and capable of, growing a crop of trees of a commercial species used to produce lumber and other forest products, including Christmas trees. Commercial species shall be determined by the board on a district basis.

  • Operating Company has the meaning set forth in the preamble.