Distribution of Operating Profit. With respect to each Fiscal Year during the Term, Operating Profit for such Fiscal Year (to the extent available) shall be distributed to Owner and to Manager in the following order of priority:
Appears in 2 contracts
Samples: Management Agreement (Gaylord Entertainment Co /De), Management Agreement (DiamondRock Hospitality Co)
Distribution of Operating Profit. With respect to In each Fiscal Year during the TermYear, Operating Profit for such Fiscal Year (to the extent available) shall be distributed to Owner and to Manager Management Company in accordance with the following order of prioritypriorities:
Appears in 2 contracts
Samples: Management Agreement (Hospitality Properties Trust), Management Agreement (Crestline Capital Corp)
