Offsets. Each party may offset amounts owed to another party hereunder against any amounts owed to such party, except to the extent any such offset is prohibited by the terms of the Lessee (or its Affiliates) credit agreements.
Appears in 26 contracts
Samples: Hotel Management Agreement (Supertel Hospitality Inc), Hotel Management Agreement (Condor Hospitality Trust, Inc.), Hotel Management Agreement (Condor Hospitality Trust, Inc.)
Offsets. Each party may offset amounts owed to another party hereunder against any amounts owed to such party, party upon written approval of both Lessee and Operator; except to the extent that any such offset is prohibited by the terms of the Lessee (or its Affiliates) credit agreements.
Appears in 2 contracts
Samples: Hotel Management Agreement (Condor Hospitality Trust, Inc.), Purchase and Sale Agreement (Condor Hospitality Trust, Inc.)
