Residence Inn System Fee definition

Residence Inn System Fee means an amount payable to Manager as a Deduction from Gross Revenues for System Services, pursuant to Sections 3.01 and 4.01, that is an amount equal to (i) four percent (4%) of Suite Revenues for each Accounting Period through the end of the first twenty-six (26) full Accounting Periods, and (ii) five percent (5%) of Suite Revenues for each Accounting Period thereafter.
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Residence Inn System Fee means an amount paid to Manager for the ------------------------ following services hereunder: divisional financial services; product planning and development; employee planning; protection of the "Marriott Residence Inn" "Residence Inn by Marriott," and "Residence Inn" trade names, trademarks, logos and servicemarks; and the services of Manager's technical and operational experts making periodic inspection and consultation visits to the Inns (but not the services of the personnel of the Architecture and Construction Division of Marriott providing architectural, technical or procurement services for any Inn, which shall be treated as a Deduction described in subsection 6 of the definition of "Operating Profit"). Such amount shall be equal, during any given Fiscal Year (or portion thereof), to four percent (4%) of Suite Revenues.
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Residence Inn System Fee shall during any given Fiscal Year (or portion ------------------------ thereof), be equal to four percent (4%) of Gross Revenues. It shall mean an amount paid to Management Company for the Residence Inn System Services.
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Examples of Residence Inn System Fee in a sentence

  • The services described in this Section 10.02 57 shall not include services which are described in the definitions of "Base Management Fee" and "Residence Inn System Fee." Costs and expenses incurred in the provision of such services shall be allocated on a fair and equitable basis among all "Residence Inn by Marriott" inns managed by Manager, Marriott, or any Marriott Affiliate in the United States receiving the same.

  • The services described in this Section 10.02 shall not include services which are described in the definitions of "Base Management Fee" and "Residence Inn System Fee." Costs and expenses incurred in the providing of such services shall be allocated on a fair and equitable basis, on a "per-suite" basis, among all "Residence Inn by Marriott" inns managed by Manager in the United States receiving the same.


More Definitions of Residence Inn System Fee

Residence Inn System Fee means an amount paid to Manager for ------------------------ the following services hereunder: System financial planning (excluding any services provided in refinancing the Inns) and policy services; product planning and development; human resources management and planning for the System (but not any particular inn within the System); protection of the "Marriott Residence Inn," "Residence Inn by Marriott," and "Residence Inn" trade names, trademarks, logos and servicemarks; and the development and implementation of Manager's technical and operational programs designed for the periodic inspection and consultation visits to the inns in the System (but not the services of the personnel of the Architecture and Construction Division of Marriott providing architectural, technical or procurement services for any Inn, which shall be treated as a Deduction described in subsection 6 of the definition of "Operating Profit"). The Residence Inn System Fee shall be equal, during any given Fiscal Year (or portion thereof), to four percent (4%) of Suite Revenues.
Sample 1
Residence Inn System Fee means an amount paid to Manager for the following services hereunder: divisional financial services; product planning and development; employee planning; protection of the "Marriott Residence Inn" "Residence Inn by Marriott," and "Residence Inn" trade names, trademarks, logos and service marks; and the services of Manager's technical and operational experts making periodic inspection and consultation visits to the Inns (but not the services of the personnel of the Architecture and Construction Division of Marriott providing architectural, technical or procurement services for any Inn, which shall be treated as a Deduction described in subsection 6 of the definition of "Operating Profit"). Such amount shall be equal, during any given Fiscal Year (or portion thereof), to four percent (4%) of Suite Revenues.
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Related to Residence Inn System Fee

  • Collection System means software used for the collection, tracking, and reporting of 34 outcomes data for Clients enrolled in the FSP programs.

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

  • Local Area Network or “LAN” means the infrastructure that enables the ability to transfer IP services within Sites (including data, voice and video conferencing services).

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

  • Business location means a location where the firm carries out an activity that requires registration, and includes a residence if regular and ongoing activity that requires registration is carried out from the residence or if records relating to an activity that requires registration are kept at the residence;

  • Cable television system means any facility consisting of a set of closed transmission paths and associated equipment designed to provide video programming to multiple subscribers when subscriber interaction is required to select a specific video program for an access fee established by the cable television system for that specific video program.

  • Franchise Fee means a direct or indirect payment to purchase or operate a franchise. Franchise fee does not include any of the following:

  • Irrigation System means such major, medium and minor irrigation system for harnessing water for irrigation and other allied uses from Government source and includes reservoirs, open head channels, diversion systems, lift irrigation schemes, anicuts, tanks, wells and the like.

  • Production System means a live SAP system used for running Licensee’s internal business operations and where Licensee’s data is recorded.

  • Residential customer means a customer who consumes gas solely for domestic use.

  • LCC-300 Cost Centre E Terminus Building - Structure Lump Sum Breakdown E4 : Station (GL X7-27/M-Q, 15.00m-21.96m) Lump Sum Item LSE4.4 E4.4 : Structural Steelwork Contractor's Other Charges The Contractor shall enter hereunder any specific item of work or obligation or thing which is necessary for the execution of the Works, as required by the Contract, which has been omitted from or has not been separately itemised in this Lump Sum Breakdown and for which a separate charge is required. The unit of measurement for any Contractor's Other Charges shall be "sum", with Quantity and Rate columns entered with "N/A". ---------------------------------------------------------------------------------------------------------------- To Collection of Lump Sum Item LSE4.4 *** ----------- *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions. [STAMP]

  • Centralized Message Distribution System (CMDS) means the industry-wide data collection system, which handles the daily exchange of message details between CMDS participating telephone companies (also known as CMDS Direct Participants). AT&T-21STATE is a CMDS Direct Participant.

  • Cost center means a cost category delineated by cost reporting forms prescribed by the office.

  • Energy storage system means a system which stores energy and releases it in the same form as was input.