Qualified Hotel Operator definition

Qualified Hotel Operator is defined in Section 204(b).
Sample 1
Qualified Hotel Operator means any reputable Person domiciled in the United States of America which has the greater of the financial strength, qualifications and creditworthiness of [FCH/SH Leasing] [FCH/SH Leasing II] or in Beneficiary's sole determination, a minimum net worth of $30,000,000.00 and liquid assets of not less than $3,000,000.00, all as of a date which is 30 days prior to the date of the transfer. Additionally, neither the proposed purchaser nor any principal of the proposed purchaser, whether on the date for the closing of the transfer of title to the Mortgaged Property or at any time prior thereto, may be (i) in default on any indebtedness or loan from Beneficiary or any affiliate of Beneficiary, (ii) involved as a debtor in any bankruptcy, reorganization or insolvency proceeding, (iii) the subject of any criminal charges or proceedings, or (iv) an entity or individual who is or has been involved in litigation which is in good faith deemed significant by Beneficiary.
Sample 1
Qualified Hotel Operator is defined in Section 204(b). “Records” is defined in Section 403.2.
Sample 1

Examples of Qualified Hotel Operator in a sentence

  • Neither the Hotel Operating Agreement nor the License Agreement shall provide for any payment or guaranty of payment be made to Owner other than the payment of actual net operating income, or a payment to cure a default by the Qualified Hotel Operator, or as otherwise approved by City in its sole and absolute discretion.

  • Said Qualified Hotel Operator shall operate and manage the Hotel pursuant to the Hotel Operating Agreement and in strict compliance with all of the requirements hereof and thereof.

  • Unless City’s prior written consent is obtained, which consent shall not be unreasonably withheld, Owner shall not permit the Transfer of more than forty-nine percent (49%) of the ownership and/or control in the aggregate, taking all transfers into account on a cumulative basis, of said original Qualified Hotel Operator or any permitted Transferee during the period it is supervising operation of the Hotel, excluding Transfers consisting of Publicly Traded Stock Transfers.

  • Should the original Qualified Hotel Operator, or its successor, cease to manage the Hotel for any reason, a replacement Qualified Hotel Operator shall be secured within ninety (90) days after the occurrence of such an event, so that throughout the term, the Hotel will at all times be managed by a Qualified Hotel Operator.

  • Notwithstanding anything to the contrary above, Owner may terminate its employment of a particular Qualified Hotel Operator for the Hotel without being required to secure City’s consent to said termination, but Owner shall thereafter be obligated to replace said Qualified Hotel Operator as provided above.

  • The City shall approve, conditionally approve or reject, acting in its reasonable discretion, the identity of the Qualified Hotel Operator and the form of the Hotel Operating Agreement within thirty (30) days after submittal of a completed package with respect to each.

  • During a June 1, 2022 exchange with IEG, the TTL noted that the report assessed learning equity across the country, among other issues.o The project also supported the analysis, dissemination and use of results of the international assessment studies on math (TIMSS) and reading (PIRLS).


More Definitions of Qualified Hotel Operator

Qualified Hotel Operator means, as of a given date, a Person that is acceptable to Landlord (acting reasonably), that is creditworthy and which has the demonstrated resources, capabilities and experience, immediately prior to such given date of not less than five (5) years, with managing and operating hotels located in the Greater NYC Area which are substantially similar to the Hotel and which are, as of the Effective Date, substantially similar in quality and reputation those Persons doing business as Crown Plaza Hotels & Resorts, Courtyard Marriott and Hilton Garden Inn Hotels (as the quality and reputation of such Persons existed on the Effective Date).
Sample 1
Qualified Hotel Operator means any reputable Person domiciled in the United States of America which has the greater of the financial strength, qualifications and creditworthiness of DJONT Operations or in Beneficiary's sole determination, a minimum net worth of $30,000,000.00 and liquid assets of not less than $3,000,000.00, all as of a date which is 30 days prior to the date of the transfer. Additionally, neither the proposed purchaser nor any principal of the proposed purchaser, whether on
Sample 1

Related to Qualified Hotel Operator

  • Deep poverty pocket means a population census tract having a

  • Hotel Property for any hotel means the Real Property and the Personal Property for such hotel.

  • Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.

  • Property Manager means an entity that has been retained to perform and carry out at one or more of the Properties property-management services, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.

  • Property management system means the Contractor’s system or systems for managing and controlling Government property.

  • Property Management Agreement means any Property Management Agreement between the Company and the Property Manager.

  • Qualified project means the construction or expansion of any capital project of the Borrower or any of its Restricted Subsidiaries, the aggregate actual or budgeted capital cost of which (in each case, including capital costs expended by the Borrower or any such Restricted Subsidiaries prior to the construction or expansion of such project) exceeds $50,000,000.

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

  • Qualified building means a building built at least 30 years before the date of application, located within a designated downtown or, village center, or neighborhood development area, which, upon completion of the project supported by the tax credit, will be an income-producing building not used solely as a single-family residence. Churches and other buildings owned by religious organization may be qualified buildings, but in no event shall tax credits be used for religious worship.

  • Hotel Site means the real property on which the Hotel is located or to be located, as approved by us.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 2 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Qualified buildings means construction of new structures,

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

  • Qualified facility means a permanent facility within this state equipped for the production of motion pictures, television shows, or digital media production that meets all of the following requirements:

  • School operating purposes means the purposes included in the operation costs of the district as prescribed in sections 7 and 18 and purposes authorized under section 1211 of the revised school code, MCL 380.1211.

  • NCZ Examined Project means any Generator or UDR project that is not exempt pursuant to 23.4.5.7.8 and either (i) is in a Class Year on the date the Commission accepts the first ICAP Demand Curve to apply to a Mitigated Capacity Zone or (ii) meets the criteria specified in 23.4.5.7.3(II). An NCZ Examined Project may be at any phase of development or in operation or an Installed Capacity Supplier.For purposes of Section 23.4.5 of this Attachment H, “Net CONE” shall mean the localized levelized embedded costs of a peaking unit in a Mitigated Capacity Zone, net of the likely projected annual Energy and Ancillary Services revenues of such unit, as determined in connection with establishing the Demand Curve for a Mitigated Capacity Zone pursuant to Section 5.14.1.2 of the Services Tariff, or as escalated as specified in Section 23.4.5.7 of Attachment H.

  • 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.

  • Non-Participating Home Infusion Therapy Provider means a Home Infusion Therapy Provider who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Generator Operator means the Person that Operates the Generating Facility and performs the functions of supplying electric energy and interconnected operations services within the meaning of the NERC Reliability Standards.

  • Timber owner means any person having all or any part of the legal interest in timber. Where such timber is subject to a contract of sale, "timber owner" shall mean the contract purchaser.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • 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.

  • Healthcare Facility means that portion of the Project operated on the Land as a Nursing Home, Intermediate Care Facility, Board and Care Home, Assisted Living Facility, and/or any other healthcare facility authorized to receive mortgage insurance pursuant to Section 232 of the National Housing Act, as amended, including any commercial space included in the facility.

  • Master Developer means a developer cooperating with a