Common use of Automatic Initiation Clause in Contracts

Automatic Initiation. This Agreement shall automatically be effective with respect to any Hotels acquired or constructed by the Landlord upon the date and on the terms and conditions to which Landlord and Tenant shall mutually agree, after which Landlord shall update Exhibit A and Exhibit C of this Lease pursuant to Section 3.1(f) hereof to reflect the addition of such Hotel and the mutually agreed terms and conditions.

Appears in 3 contracts

Sources: Lease Agreement (ESH Hospitality, Inc.), Lease Agreement (ESH Hospitality, Inc.), Lease Agreement (ESH Hospitality, Inc.)