Selection by Lessee Sample Clauses

Selection by Lessee. (a) On or prior to the Commencement Date Lessee shall have entered into the Franchises. During the remainder of the Term, each Hotel shall operate under the respective Franchise set forth on Schedule 1 or any subsequent Franchise selected by Lessee. Each Hotel shall be operated under the respective trade names set forth on Schedule 1 (each, a “Trade Name”) or under another Trade Name that is consistent with any subsequent franchise arrangement. (b) Manager shall from time to time notify Lessee in writing of any deficiencies of any Hotel under its Franchise. (c) Subject to funds being available made available by Lessee, Manager shall be obligated to comply with any product improvement plan, operating standards changes, or other requirements of each Franchise, as may be imposed from time to time, as an Operating Cost or Capital Expenditure, as appropriate. (d) All costs, fees, royalties and expenses due and payable under a Franchise shall be paid as Operating Costs.