Examples of Operating Term in a sentence
During the Operating Term (as defined below), the Owner shall maintain the Hotel in conformity with the Blue Star Standards.
During the Operating Term, the Hotel shall at all times be known and designated as "Blue Star Negoland".
The amortization is based on a straight-line method as applied to the Operating Term.
Section 2 Exclusivity During the Operating Term, Blue and its affiliates shall not own, manage, franchise, or operate another hotel in Negotown (the "Restricted Area") under a trade name that includes "Blue Star" or “Blue”.
Such amount shall be payable in two installments of Seven Hundred Fifty Thousand Dollars ($750,000) each, with the first payment due upon commencement of construction, and the second payment due upon the Operating Term Commencement Date.