Examples of Operator Fee in a sentence
Penalties, if any, may be recouped or set-off against the next due and payable Operator Fee or Incentive Fee and adjusted for any partial operating year following the date of this Agreement.
The Owner may terminate the Operator for failure to remedy an Event of Default, such termination to be effective on the date specified in the Notice of Termination, and the Operator shall forfeit any Operator Fee not yet paid or owing for the remainder of the Term.
Upon the sale of a hotel by the Owner/Lessee, Operator will be entitled to an Operator Fee equivalent to the monthly average of the preceding twelve (12) months Operator Fee for a sixty (60) day period after the sale.
Upon the sale of the hotel by the Lessee, Operator will be entitled to an Operator Fee equivalent to the monthly average of the preceding twelve (12) months Operator Fee for a sixty (60) day period after the sale.
In the event of such termination, the Owner shall pay all amounts due the Operator, including the Operator Fee, Incentive Fee (if any, for the current period), and any unreimbursed costs advanced by the Operator for Operating Costs then due.