Avendra definition

Avendra means Avendra LLC, an independent professional procurement services company formed in 2001 by the Company, Hyatt Hotels Corporation, Bass Hotels and Resorts, Inc., ClubCorp USA Inc., and Fairmont Hotels and Resorts, Inc. which serves the North American hospitality market and selected industries, and its Subsidiaries.
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Avendra means Avendra LLC, an independent professional procurement
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Examples of Avendra in a sentence

  • The Sellers shall have the right to receive any rebates from procurement companies (e.g., Avendra) relating to purchases made and paid for prior to the Closing Date.

  • Seller shall have the right to receive any rebates from procurement companies (e.g., Avendra) relating to purchases made and paid for prior to the Closing Date.

  • There is no contract between Avendra on the one hand and the Company or any Company Subsidiary on the other hand or between Avendra and the counterparty to any Management Agreement.

  • In addition, any obligations of the Company or any Company Subsidiary to Avendra will be satisfied, repaid, eliminated or cancelled on or prior to the Closing, except for those reflected in Adjusted Working Capital.

  • Any distributions by Avendra to a Hyatt’s Affiliate on account of that Affiliate’s minority equity interest, including distributions attributable to the sale of all or any portion of its investment in Avendra, net of taxes and related administrative expenses, will be used for the benefit of all Hyatt-Affiliated Hotels as determined by the Hyatt Group.

  • This Section 6.7 does not apply to the interests any Seller may have in WorldRes-Europe or Avendra LLC, a Delaware limited liability company.

  • If Owner requests that Select obtain goods or services provided by Avendra, LLC from another supplier or vendor at a lower price than that quoted by Avendra, Select shall make good faith efforts to accommodate such request subject to the conditions of (i) and (ii) above, and its obligations under its agreement with Avendra.

  • Under the terms of Select’s current Procurement Services Agreement with Avendra effective April 1, 2004, Avendra is entitled to charge a specified fee on purchases made by Select accounts through its programs, typically based on a percentage of the actual cost of the goods or services being provided.

  • Other than for goods or services provided by Avendra, LLC, if such costs are in excess of 105% of the costs that would have been charged by competing suppliers of similar quality, then Owner shall have the right to request that Select use the competing supplier only if they meet the System Standards and doing so will not cause unreasonable contract administration obstacles for Select.

  • Other than sponsorship funds from Avendra vendors used to defray meeting costs otherwise allocable to Participating Hotels, the Hyatt Group receives no fees, commissions or other remuneration in connection with such purchasing services.

Related to Avendra

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • SORA means, in respect of any Singapore Business Day “i”, a reference rate equal to the daily Singapore Overnight Rate Average published by the Monetary Authority of Singapore (or a successor administrator), as the administrator of the benchmark, on the Monetary Authority of Singapore’s website currently at http://www.mas.gov.sg, or any successor website officially designated by the Monetary Authority of Singapore (or as published by its authorised distributors) (the “Relevant Screen Page”) on the Singapore Business Day immediately following such Singapore Business Day “i”; and

  • Tabarru ” means donation for the purpose of solidarity and cooperation among the Takaful Participants and to be used to help all Takaful Participants in times of misfortune. In the context of the Company, Tabarru’ will be allocated into the Participants’ Risk Fund.

  • SANAS means the South African National Accreditation System. TWA means the average exposure, within a given workplace, to airborne asbestos fibres, normalised to the baseline of a 4 hour continuous period, also applicable to short term exposures, i.e. 10-minute TWA.

  • SADC means the Southern African Development Community;