Common use of Agreement Limitations Clause in Contracts

Agreement Limitations. Except as provided in Section 2.01 Manager will not enter into any commitment on behalf of Lessee requiring payments of amounts in excess of the amount set forth on Schedule I or requiring performance over a time period in excess of the period set forth on Schedule I without the prior written approval of Lessee. Manager shall make no payments to Affiliates as Operating Expenses hereunder unless expressly set forth in the Operating Budget or otherwise expressly agreed to in writing by Lessee in advance, in either case, after full written disclosure by Manager to Lessee of the affiliation, competitive pricing and any other related information requested by Lessee. Manager may provide Hotel rooms and services at the Hotel on a complimentary basis without charge or other consideration to employees of Manager or its Affiliates visiting the Hotel from outside the area in which the Hotel is located to the extent such practice does not materially decrease profitability, but Manager shall not provide such complimentary rooms or service as compensation to parties providing materials or services to the Manager or an Affiliate of Manager.

Appears in 2 contracts

Sources: Management Agreement (Equity Inns Inc), Management Agreement (Equity Inns Inc)