No Assignment by Operator. (a) Notwithstanding anything to the contrary set forth in this Agreement, without the prior written consent of Lessee (which consent may be withheld in Lessee's sole and absolute discretion), Operator shall have no right to sell, transfer or assign (or permit the sale, transfer or assignment of) any of its rights, duties or obligations under this Agreement in any manner, either directly or indirectly, voluntarily, by operation of law, through a change in control of Operator, or otherwise. (b) Operator shall give Lessee not less than thirty (30) days written notice of any event which would result in ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇. owning less than 51% of the equity interests in Operator. If, within thirty (30) days following delivery of such notice, Lessee does not consent to the occurrence of such event (which consent may be withheld in Lessee's sole and absolute discretion), and such event occurs, Lessee may terminate this Agreement as to one or more Hotels without any liability to Operator.
Appears in 2 contracts
Sources: Hotel Management Agreement (Humphrey Hospitality Trust Inc), Hotel Management Agreement (Humphrey Hospitality Trust Inc)