Unamortized Key Money definition

Unamortized Key Money has the meaning set forth in Section 3.8.
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Examples of Unamortized Key Money in a sentence

  • For avoidance of doubt, the Unamortized Key Money shall not be payable if this Agreement is terminated as a result of an Operator Event of Default.

  • If this Agreement is terminated prior to the end of the Operating Term for any reason whatsoever under this Agreement (including under Section 2.3), any Unamortized Key Money shall be refunded by Owner to Hyatt.

  • The unamortized portion of Key Money remaining as of any given date shall be referred to herein as the "Unamortized Key Money".

  • Furthermore, any such termination must comply with the provisions of Section 4.14 concerning the return of the Unamortized Key Money to Manager.

  • Manager shall be entitled to a reimbursement of any Unamortized Key Money (as defined below) upon the early termination of this Agreement for any reason except as otherwise provided in Section 4.6.2 hereof.

  • Manager's right to reimbursement of any Unamortized Key Money shall survive any foreclosure by the Trustee under the Indenture, or any additional future indenture, mortgage or other security interest (or granting of a deed in lieu thereof).

  • In the event that Owner seeks to terminate this Agreement upon the occurrence of a Manager Event of Default during the first four Operating Years of this Agreement, Owner shall be required, as a condition of terminating the Agreement, to repay in full to Manager the Unamortized Key Money on the effective date of termination.

  • Subject to the provisions of Section 4.6.2 hereof, the payment of Unamortized Key Money shall be a condition to any termination of this Agreement; provided, however, that Manager may waive such condition in the event of a termination initiated by Manager under this Agreement without otherwise waiving its rights to collect such Unamortized Key Money after such termination.

  • As a condition to the effectiveness of any termination of this Agreement under Section 18.4, Sonder will pay Marriott a Termination Fee calculated as set forth in Section 18.5.B, which Termination Fee will, notwithstanding anything to the contrary in this Agreement, be Marriott’s sole and exclusive remedy for the termination of this Agreement under Section 18.4 (other than payment of the Unamortized Key Money).