Common use of Hotel Unit Clause in Contracts

Hotel Unit. Unless the Owners agree otherwise, the Hotel Unit shall be used for the purposes of a commercial hotel in accordance with, and in compliance with, the requirements of the City for operation of commercial hotel. The Hotel Unit shall be operated in conjunction with the Hetch Hetchy Area and the Adjoining Hotel Parcel. The Hotel Unit shall also be used for the BMR Units in accordance with the requirements of the City. At such time as the BMR Units are no longer subject to the BMR Lease, as set forth in Section 9.15, the BMR Units may be used by the Hotel Unit Owner as additional hotel rooms, or as rental residences.

Appears in 2 contracts

Sources: Office Lease (Box Inc), Office Lease (Box Inc)