Common use of Full Opening Clause in Contracts

Full Opening. Operator shall open the Hotel for full operations promptly after all the following conditions have been satisfied and shall forthwith thereafter confirm for Owner in writing the Full Opening Date: (a) the defects, deficiencies and non-conformities revealed by the Final Inspection have been cured as provided in Section 4.04; (b) the Hotel has been fully constructed, furnished and equipped in conformity with the Approved Final Plans and Sheraton Standards including, without limitation, all life safety and fire requirements, and is, in Operator's opinion, otherwise suitable for guest use and occupancy and all necessary Operating Supplies, foods and beverages have been obtained; (c) all Licenses, visas, residence and work permits for Expatriates required for the full operation of the Hotel have been obtained; and (d) the entire Hotel is ready to render international five-star quality service to guests on a fully operational basis. Notwithstanding the occurrence of the Full Opening Date, Owner shall proceed diligently thereafter to fulfill all of its obligations hereunder regarding the construction, furnishing and equipping of the Hotel and, upon notice from Operator, to cure all defects, deficiencies or non-conformities.

Appears in 2 contracts

Sources: Management Contract (Huayang International Holdings Inc), Management Contract (Huayang International Holdings Inc)