Common use of PIPS Clause in Contracts

PIPS. The property improvement or other similar plans for the Hotels contemplated by the Management Agreements, including the 2005 capital expenditure plans for the Hotels.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Ashford Hospitality Trust Inc)

PIPS. The property improvement or other similar plans for the Hotels contemplated by the Management Agreements, including the 2005 capital expenditure plans for the Hotels.

Appears in 1 contract

Sources: Purchase and Sale Agreement (CNL Hotels & Resorts, Inc.)