STR Report definition

STR Report means Xxxxx Travel Research Report produced for the Hotel by Xxxxx Travel Research or, if Xxxxx Travel Research no longer is in existence, the successor of Xxxxx Travel Research or such other industry resource that is equally as reputable as Xxxxx Travel Research will be substituted, in order to obtain substantially the same result as would be obtained if Xxxxx Travel Research has not ceased to be in existence.
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STR Report means Smixx Xxavel Research Report produced for the Hotel by Smixx Xxavel Research or, if Smixx Xxavel Research no longer is in existence, the successor of Smixx Xxavel Research or such other industry resource that is equally as reputable as Smixx Xxavel Research will be substituted, in order to obtain substantially the same result as would be obtained if Smixx Xxavel Research has not ceased to be in existence.
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STR Report means a Xxxxx Travel Research Report for each Individual Property in the form of Exhibit L attached hereto
Sample 1

Examples of STR Report in a sentence

  • If the Hotel’s performance, as measured by the monthly STR Report, for the following three (3) consecutive month period after notice of termination is provided, has a positive RevPAR change versus its competitive set, then the Negative RevPAR Individual Hotel Performance Failure shall be deemed cured and Lessee shall have no right to terminate for such Negative RevPAR Individual Hotel Performance Failure (and any notice of termination with respect thereto shall be deemed null and void).

  • If the Hotel, after the Operator has managed the Hotel for a consecutive twelve (12) month period, at any point, has a negative RevPAR change versus its competitive set, as of the date hereof, as measured by the monthly STR Report of greater than 10% for a running (12) month period (“Negative RevPAR Individual Hotel Performance Failure”), subject to the cure periods below, Lessee may terminate this Agreement with respect to the individual Hotel upon sixty (60) days prior written notice to Operator.

  • If, however, the Hotel’s performance at any given period after termination has been cured, as measured by the monthly STR Report for the following twelve (12) month period, again becomes greater than negative 10% change against the individual Hotel’s competitive set as measured by the running twelve (12) month period, Lessee may terminate this Agreement with respect to the individual Hotel upon sixty (60) days prior written notice and Operator shall no longer have the option to cure.

  • For purposes of this Section, a “Competing Hotel” shall mean any hotel, inn, motel or other type of lodging facility that is within the geographic area covered by the STR Report for the Hotel that markets directly to or makes efforts to attract customers, guests and/or hotel business that would otherwise do business with the Hotel.

  • We note your response to comment 1 and the reference to the Wyndham Hotels and Resorts Agreement and STR Report on page 25.

  • Each Quarterly Report shall be prepared in a manner consistent with the Uniform System of Accounts and shall be accompanied by (a) a certificate signed by the chief financial officer of the Borrowers stating that to such officer’s knowledge the attached Quarterly Report is true, correct, accurate and complete and fairly presents the results of the operations of each Individual Property and all of the Properties on a cumulative basis and (b) the most recent STR Report for each Individual Property.

  • While we see the STR Report, we do not see the Wyndham agreement filed as an exhibit.

  • STR Report The ADR, as stated in the STR Report of the applicable loan, otherwise “NAP”.

  • The Borrowers shall provide the Administrative Agent with the Quarterly Report and each STR Report in electronic form only (unless otherwise requested by the Administrative Agent).

  • Within forty-five (45) days after the end of each calendar quarter, an STR Report for each Hotel Property.


More Definitions of STR Report

STR Report means Xxxxx Travel Research Report produced for the Hotel by Xxxxx Travel Research or, if Xxxxx Travel Research no longer is in existence, the successor of Xxxxx Travel Research or such other industry resource that is equally as reputable as Xxxxx Travel Research will be substituted, in order to obtain substantially the same result as would be obtained if Xxxxx Travel Research has not ceased to be in existence. "Unrelated Persons" shall have the meaning set forth in Section 21.09. "Working Capital Amount" shall be $10,000, which will be distributed by Lessee as necessary. (b) Terms with initial capital letters which appear within the foregoing definitions are defined in this Article 1 or as indicated in this Agreement. Dollars are denominated in U.S. Dollars. ARTICLE 2
Sample 1
STR Report means the STR Report, as published by Xxxxx Travel Research, or any successor or substitute publication designated by Owner. Uneconomic for its Primary Intended Use means a state or condition of the Hotel such that, in the good faith judgment of Owner and Manager, reasonably exercised, the Hotel cannot be operated on a commercially practicable basis for hotel purposes and such other uses as may be necessary or incidental thereto, taking into account, among other relevant factors, the number of usable rooms and projected revenues and expenses.
Sample 1
STR Report means Smith Travel Research Report produced for the Hotel by Smixx Xxavel Research or, if Smith Travel Research no longxx xx in existence, the succexxxx of Smith Travel Research or such other industry resource that xx xqually as reputable as Smith Travel Research will be substituted, in order to obtxxx xubstantially the same result as would be obtained if Smith Travel Research has not ceased to be in existence.
Sample 1

Related to STR Report

  • GLJ Report means the independent engineering reserves evaluation of certain oil, NGL and natural gas interests of the Company prepared by GLJ dated February 11, 2022 and effective December 31, 2021.

  • MI Report means a report containing Management Information submitted to the Authority in accordance with Framework Schedule 8 (Management Information);

  • ESDM Report means the Emission Summary and Dispersion Modelling Report, dated June 12, 2009, prepared in accordance with the Procedure Document by Golder Associated Ltd. and submitted in support of the application, and includes any amendments to the ESDM Report listed in Schedule A and all up-dated ESDM Reports prepared as required by the Documentation Requirements conditions of this Certificate.

  • insider report means a statement required to be filed pursuant to Section 16 of the Exchange Act (or any successor provisions), by a person who is a director of the Corporation or who is directly or indirectly the beneficial owner of more than ten percent of the shares of the Corporation.

  • City Ledger Report means a list submitted by the Contractor indicating on a daily basis its total number of sleeping room nights rented as well as the total number for sleeping rooms removed from its available inventory or rentals, for purposes of repair.

  • Pick Up Report means the report detailing the number of sleeping rooms per day actually used out of the Program’s room block.

  • CREFC® Investor Reporting Package® shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

  • SOS Reports means the official reports from the Secretaries of State of each Collateral State, the state where Borrower’s chief executive office is located, the state of Borrower’s formation and other applicable federal, state or local government offices identifying all current security interests filed in the Collateral and Liens of record as of the date of such report.

  • Servicer Report A report (substantially in the form of Schedule 5 hereto) or otherwise in form and substance acceptable to the Master Servicer and Securities Administrator on an electronic data file or tape prepared by the Servicer pursuant to Section 5.03(a) of this Agreement, with such additions, deletions and modifications as agreed to by the Master Servicer, the Securities Administrator and the Servicer.

  • Distribution Report The meaning specified in Section 10.7(b).

  • Monthly Servicer Report means a report substantially in the form attached as Exhibit A-1 to the Servicing Agreement or in such other form as shall be agreed between the Servicer (with prior consent of the Back-Up Servicer) and the Trustee; provided, however, that no such other agreed form shall serve to exclude information expressly required by this Base Indenture or any Series Supplement.

  • Investor Report means a report, in substantially the form attached hereto as Exhibit E or in such other form as is mutually agreed to by the Transferor and each Administrative Agent, furnished by the Collection Agent pursuant to Section 2.11 hereof.

  • Consumer report means any written, oral or other communication of any information by a consumer reporting agency bearing on your credit worthiness, credit standing, credit capacity, character, general reputation, personal characteristics, or mode of living which is used or expected to be used or collected in whole or in part for the purpose of serving as a factor in establishing your eligibility for employment purposes.

  • Phase I Report means, with respect to any Facility, a report that (i) conforms to the ASTM Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process, E 1527, (ii) was conducted no more than six months prior to the date such report is required to be delivered hereunder, by one or more environmental consulting firms reasonably satisfactory to Administrative Agent, (iii) includes an assessment of asbestos-containing materials at such Facility, (iv) is accompanied by (a) an estimate of the reasonable worst-case cost of investigating and remediating any Hazardous Materials Activity identified in the Phase I Report as giving rise to an actual or potential material violation of any Environmental Law or as presenting a material risk of giving rise to a material Environmental Claim, and (b) a current compliance audit setting forth an assessment of Holdings’, its Subsidiaries’ and such Facility’s current and past compliance with Environmental Laws and an estimate of the cost of rectifying any non-compliance with current Environmental Laws identified therein and the cost of compliance with reasonably anticipated future Environmental Laws identified therein.

  • MERS Report The report from the MERS System listing MERS Designated Mortgage Loans and other information.

  • Monthly Report has the meaning assigned in Section 6.01.

  • Collection Report means the monthly report prepared by the Primary Servicer setting forth, with respect to each Mortgage Loan and the most recently ended Collection Period prior to the due date of such report, the information described on Exhibit G attached hereto.

  • Servicer’s Report means any report of the Servicer delivered pursuant to Section 3.1(a) of the Administration Agreement, substantially in the form acceptable to the Administrator.

  • Monthly Reports shall have the meaning specified in Section 5.16(b) of the Indenture.

  • Rapidly report means within 72 hours of discovery of any cyber incident.

  • Progress Report means the report similar in form and content to that attached hereto as Appendix III.