Common use of Notice of Legal Actions Clause in Contracts

Notice of Legal Actions. Within seven days of receipt, Franchisee will notify Franchisor and provide copies of: (i) any Claim involving the Hotel, Franchisee or Franchisor; (ii) any judgment, order, or other decree related to the Hotel or Franchisee; or (iii) any inspection reports and warnings about a material failure to meet health or life safety requirements or any other material violation of Applicable Law related to the Hotel or Franchisee. This Section 22.2 will not change any notice requirement that Franchisee may have under any insurance policies.

Appears in 4 contracts

Samples: License Agreement (Moody National REIT I, Inc.), Relicensing Franchise Agreement, Electronic Systems License Agreement (Moody National REIT II, Inc.)

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