Common use of Inspection Failure Clause in Contracts

Inspection Failure. This Agreement may be terminated by Lessee as to one or more Hotels upon the failure within a sixty (60) day period of both a SPAR inspection and a Franchisor’s quality inspection of a Hotel for any reason other than capital related condition items (by way of example, mildewed caulking or scuffed walls would be considered non capital related whereas worn carpet or sagging beds would be capital related), if the failures have not been remedied by Operator within ninety (90) days following the relevant inspection. Such termination shall be by delivery of written notice by Lessee to Operator not less than thirty (30) days prior to the effective date of termination.

Appears in 4 contracts

Samples: Hotel Management Agreement (Supertel Hospitality Inc), Hotel Management Agreement (Supertel Hospitality Inc), Hotel Management Agreement (Supertel Hospitality Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.