No Extensions of Term. Nothing in this Paragraph 12 will extend the License Term but Licensee shall not be required to make any payments pursuant to Paragraph 7 for periods during which the Hotel is closed by reason of condemnation or casualty.
Appears in 11 contracts
Samples: Management Agreement (Felcor Lodging Trust Inc), License Agreement (Apple Suites Inc), License Agreement (Apple Suites Inc)
No Extensions of Term. Nothing in this Paragraph 12 paragraph 11 will extend the License Term but Licensee shall not be required to make any payments pursuant to Paragraph 7 paragraphs 3.C(1) and (3), except as provided in paragraph 11.B above, for periods during which the Hotel is closed by reason of condemnation or casualty.
Appears in 1 contract
Samples: Guaranty (MHI Hospitality CORP)
