Common use of Hotel Reservations Clause in Contracts

Hotel Reservations. Purchaser shall honor (and shall cause any successor manager engaged by Purchaser to honor) all reservations at the Hotel or for any related conference, banquet, or meeting space or any recreational facilities in connection with the Hotel made by Seller in the ordinary course of business, at no less than the Hotel’s standard rates including customary discounted rates, on or prior to the Cut-off Time for periods on or after the Closing Date in accordance with Section 10.01(c) hereof. The obligations of Purchaser set forth in this Section 14.01(i) shall survive the Closing.

Appears in 1 contract

Samples: Agreement for Sale and Purchase (Strategic Hotels & Resorts, Inc)

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Hotel Reservations. Purchaser shall honor (and shall cause any successor manager engaged by Purchaser to honor) all reservations at the Hotel or for any related conference, banquet, or meeting space or any recreational facilities in connection with the Hotel made by Seller in the ordinary course of business, at no less than the Hotel’s standard rates including customary discounted rates, business on or prior to the Cut-off Time for periods on or after the Closing Date in accordance with Section 10.01(c) hereofDate. The obligations of Purchaser set forth in this Section 14.01(i14.01(h) shall survive the Closing.

Appears in 1 contract

Samples: Agreement for Sale and Purchase Of (Moody National REIT I, Inc.)

Hotel Reservations. Purchaser shall honor (and shall cause any successor manager engaged by Purchaser to honor) all reservations at the Hotel Hotels or for any related conference, banquet, or meeting space or any recreational facilities in connection with the Hotel Hotels made by Seller in the ordinary course of business, at no less than the Hotel’s standard rates including customary discounted rates, business on or prior to the Cut-off Time for periods on or after the Closing Date in accordance with Section 10.01(c) hereofDate. The obligations of Purchaser set forth in this Section 14.01(i14.01(h) shall survive the Closing.

Appears in 1 contract

Samples: Agreement for Sale and Purchase (American Realty Capital Hospitality Trust, Inc.)

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Hotel Reservations. Purchaser shall honor (and shall cause any successor manager engaged by Purchaser to honor) all reservations at the Hotel or for any related conference, banquet, or meeting space or any recreational facilities in connection with the Hotel made by Seller in the ordinary course of business, at no less than the Hotel’s standard rates including customary discounted rates, business on or prior to the Cut-off Time for periods on or after the Closing Date in accordance with Section 10.01(c) hereofDate. The obligations of Purchaser set forth in this Section 14.01(i14.01(g) shall survive the Closing.

Appears in 1 contract

Samples: Agreement for Sale and Purchase

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