Beverage Operations definition

Beverage Operations shall have the meaning assigned thereto in Section 14.23.
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Beverage Operations shall have the meaning assigned thereto in Section 14.23. “▇▇▇▇ of Sale” shall have the meaning assigned thereto in subsection 6.2(b). “Bookings” shall have the meaning assigned thereto in subsection 2.1(b)(vii). “Broker” shall mean Hunter Hotel Advisors.
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Examples of Beverage Operations in a sentence

  • All gross revenue and receipts derived from management of the Beverage Operations shall be the exclusive property of Licensee.

  • Licensee shall also make all purchases necessary for the continued Beverage Operations.

  • Licensee shall arrange for the employment, direction, control and discharge, as the case may be, of all personnel employed in the Beverage Operations, subject, however, to the terms of the management agreement between White Lodging Services Corporation (“Management Company”) and Lessee for the Hotel (“Management Agreement”).

  • In the event that the revenues and receipts from Beverage Operations are less than the expenses of Beverage Operations, Lessee shall reimburse Licensee promptly upon demand, for any shortfall.

  • During the Term, Licensee shall not be responsible for any expenses incurred in connection with Beverage Operations including, but not limited to, all expenses incurred by Licensee to maintain designated personnel at the Hotel pursuant to Section 3.1 hereof..

  • In the event that the revenues and receipts from Beverage Operations exceed the expenses of Beverage Operations, Licensee shall turn over to Lessee the excess promptly at the end of the Term.

  • Licensee shall use the revenues and receipts it collects from Beverage Operations to pay the expenses of Beverage Operations during the Term (including any extension thereof).

  • Licensee shall arrange for the keeping of full and adequate books of account and other records reflecting the Beverage Operations.

  • Lessee, at its expense, shall provide during the Term (as defined below) hereof all operating equipment, fixtures, furnishings and furniture, and supplies, including glassware (“Operating Supplies”) necessary to manage the Beverage Operations in a manner consistent with operating practices during the twelve (12) months preceding the acquisition of the Hotel by Owner and in a professional manner consistent with the management of hotels of a quality and type similar to the Hotel.

  • Lessee hereby appoints Licensee, and Licensee hereby accepts the appointment, as the interim manager of the Beverage Operations.