Performance Test. Lessee shall have the right to terminate this Agreement with respect to any Hotel (for the purposes of this Section 2.03(b)(i) called “Subject Hotel”), subject to the payment of a termination fee as set forth in subsection (ii) below, in the event of the occurrence of the following (collectively herein called, the “Performance Test”):
Appears in 5 contracts
Samples: Management Agreement (Ashford Hospitality Prime, Inc.), Management Agreement (Ashford Hospitality Prime, Inc.), Management Agreement (Ashford Hospitality Prime, Inc.)
Performance Test. Lessee shall have the right to terminate this Agreement with respect to any Initial Hotel after the initial 10-year term of this Agreement applicable to such Initial Hotel and any Future Hotel (for the purposes of this Section 2.03(b)(i2.3(b)(i) called “Subject Hotel”), subject to the payment of a termination fee as set forth in subsection (ii) below, in the event of the occurrence of the following (collectively herein called, the “Performance Test”):
Appears in 3 contracts
Samples: Hotel Master Management Agreement (MHI Hospitality CORP), Management Agreement, Master Management Agreement (MHI Hospitality CORP)
Performance Test. Lessee shall have the right to terminate this Agreement with respect to any Hotel after the base 10-year term of this Agreement applicable to such Hotel (for the purposes of this Section 2.03(b)(i) called “Subject Hotel”), subject to the payment of a termination fee as set forth in subsection (ii) below, in the event of the occurrence of the following (collectively herein called, the “Performance Test”):
Appears in 2 contracts
Samples: Hotel Master Management Agreement (Ashford Hospitality Trust Inc), Hotel Master Management Agreement (Ashford Hospitality Trust Inc)
Performance Test. Lessee shall have the right to terminate this Agreement with respect to any Hotel (for after the purposes base 10 year term of this Section 2.03(b)(i) called “Subject Agreement applicable to such Hotel”), subject to the payment of a termination fee as set forth in subsection (ii) below, in the event of the occurrence of the following with respect to the Hotel (collectively herein called, the “Performance Test”):
Appears in 2 contracts
Samples: Hotel Master Management Agreement (Ashford Inc.), Hotel Master Management Agreement (Ashford Hospitality Trust Inc)
Performance Test. Lessee shall have the right to terminate this Agreement with respect to any Hotel after the base 10 year term of this Agreement applicable to such Hotel (for the purposes of this Section 2.03(b)(i) called “Subject Hotel”), subject to the payment of a termination fee as set forth in subsection (ii) below, in the event of the occurrence of the following (collectively herein called, the “Performance Test”):
Appears in 1 contract
Samples: Hotel Master Management Agreement (Ashford Hospitality Trust Inc)
Performance Test. Lessee shall have the right to terminate this Agreement with respect to any Initial Hotel after the base 10-year term of this Agreement applicable to such Initial Hotel and any Future Hotel (for the purposes of this Section SECTION 2.03(b)(i) called “Subject Hotel”"SUBJECT HOTEL"), subject to the payment of a termination fee as set forth in subsection (ii) below, in the event of the occurrence of the following (collectively herein called, the “Performance Test”"PERFORMANCE TEST"):
Appears in 1 contract
Samples: Master Management Agreement (Ashford Hospitality Trust Inc)
Performance Test. Lessee shall have the right to terminate this Agreement with respect to any a Hotel (for after the purposes base 10 year term of this Section 2.03(b)(i) called “Subject Agreement applicable to such Hotel”), subject to the payment of a termination fee as set forth in subsection (ii) below, in the event of the occurrence of the following with respect to the Hotel (collectively herein called, the “Performance Test”):
Appears in 1 contract
Samples: Hotel Master Management Agreement (Stirling Hotels & Resorts, Inc.)
