Operating Deficits. If Management Company should anticipate any Operating Loss for any Accounting Period, Management Company shall immediately so advise Owner in writing, setting forth the estimated amount of such deficiency and an explanation or justification therefor.
Appears in 6 contracts
Sources: Purchase and Sale Agreement (American Realty Capital Hospitality Trust, Inc.), Hotel Management Agreement (Eagle Hospitality Properties Trust, Inc.), Management Agreement (Highland Hospitality Corp)
Operating Deficits. If Management Company should anticipate any Operating Loss for any Accounting Period, Management Company shall immediately so advise Owner Master Tenant in writing, setting forth the estimated amount of such deficiency and an explanation or justification therefor.
Appears in 1 contract
Sources: Hotel Management Agreement (KBS Strategic Opportunity REIT II, Inc.)
Operating Deficits. If Management Company should anticipate any Operating Loss for any Accounting Period, Management Company shall immediately so advise Owner Owners in writing, setting forth the estimated amount of such deficiency and an explanation or justification therefor.
Appears in 1 contract
Sources: Management Agreement