Ashford TRS definition
Examples of Ashford TRS in a sentence
Nothing contained herein shall prohibit or restrict Manager or any affiliate of Manager from operating, owning, managing, leasing or constructing any hotel of any nature or description which may in any manner compete with that of the Premises, except as Hotel Master Management Agreement Ashford TRS Corporation File No. 145765 otherwise set forth in the Mutual Exclusivity Agreement; provided that Manager agrees to comply with the conflicts policies of AHT.
Manager shall prepare a budget (“Capital Improvement Budget”) of the expenditures necessary for replacement of FF&E and building repairs of the Hotel Master Management Agreement Ashford TRS Corporation File No. 145765 nature contemplated by Section 8.01 during the ensuing Fiscal Year and shall provide such Capital Improvement Budget to Lessee and Landlord for approval at the same time Manager submits the Annual Operating Budget.
Hotel Master Management Agreement Ashford TRS Corporation File No. 145765 This reimbursement obligation shall not apply to any corporate personnel of Manager assigned to the Hotels for special projects or who perform functions for Manager at the corporate level.
It is expressly understood and agreed that all such personnel employed at the Hotels, including the Manager’s acting General Managers for each of the Hotels, will be the employees of Manager for all purposes including, without limitation, Hotel Master Management Agreement Ashford TRS Corporation File ▇▇.
The Amended and Restated Advisory Agreement, dated June 10, 2015, by and among the Company, the Operating Partnership, Ashford Hospitality Advisors LLC, a Delaware limited liability company, Ashford TRS Corporation and Ashford Inc.
Any affiliate of Ashford TRS Corporation may become party to this Agreement with respect to a Hotel by executing and delivering an Addendum relating to such Hotel as a New Lessee, and in such event, it will not be a condition to its effectiveness that Ashford TRS Corporation or any other of its affiliates consent, join or otherwise be party to such Addendum.
If a portion of the Premises shall be taken by the events described in Section 18.02A or the entire Premises are temporarily affected, the result of either of which is not to make it, in the reasonable business judgment of Lessee, unreasonable to continue to operate the applicable Hotel, subject to the requirements of the applicable underlying Lease, this Agreement shall not Hotel Master Management Agreement Ashford TRS Corporation File No. 145765 terminate with respect to such Hotel.
Subject to Section 2.2(e), following the consummation of the transactions contemplated in Section 2.2(a) and Section 2.2(b) but before the Distribution, Ashford TRS agrees to sell to Ashford Prime TRS, all of the TRS Interests held by Ashford TRS, in each case, free and clear of all Encumbrances, and in consideration for such sale, Ashford Prime TRS agrees to pay Ashford TRS $6,049,000.
Hotel Master Management Agreement Ashford TRS Corporation File No. 145765 Manager shall not be required to advance funds, and Manager shall not be obligated to incur any liability or obligation for Lessee’s account, without assurance that necessary funds for the discharge thereof will be provided by Lessee.
The term “Management Agreement” shall mean that certain Hotel Master Management Agreement between Ashford TRS, an affiliate of Owner and Manager, an affiliate of Developer.