Property Improvement Plan definition
Property Improvement Plan has the meaning provided in Section 4.1(QQ).
Property Improvement Plan means, collectively, those certain property improvement plans for the Properties described on EXHIBIT G and any future Property Improvement Plans required to be implemented by the applicable Franchisor.
Property Improvement Plan or "PIP" shall mean the requirements established by the Franchisor for the Property as a condition of the transfer of the Franchise.
Examples of Property Improvement Plan in a sentence
Operator shall act as a consultant during any Property Improvement Plan, renovation or restoration project at the Hotel which is not a Material Hotel Renovation and Operator shall provide its customary construction management services in connection therewith, provided, that Operator receives the Construction Management Fee.
More Definitions of Property Improvement Plan
Property Improvement Plan means any property improvement plan implemented with respect to any Borrowing Base Property that is a Hotel Asset pursuant to the terms of any Hotel Agreements.
Property Improvement Plan or “PIP” means, individually and collectively, the property improvement plan for the Hotel executed by Purchaser and Franchisor at or before the Closing.
Property Improvement Plan has the meaning provided in Section 4.1.40 hereof.
Property Improvement Plan means the plan attached hereto as Exhibit R, excluding the Signage, the corrective action of Purchaser required by Section 9.1 and the obligations of Seller in accordance with the Pre-Opening Budget.
Property Improvement Plan means any property improvement plan entered into after the date hereof required under the Franchise Agreement or any Replacement Franchise Agreement.
Property Improvement Plan or “PIP” means any property improvement plan implemented with respect to the Property pursuant to the terms of the Management Agreement or any Franchise Agreement, including, without limitation, the Required PIP.
Property Improvement Plan means any property improvement plan required under the Management Agreement.