Contract Space definition
Examples of Contract Space in a sentence
Purchaser shall be responsible for any fees or penalties in connection with the Excluded Contracts; provided, however, that Seller shall be obligated to terminate any Service Contract, Space Lease, Equipment Lease and/or Rooms Agreement that is not assignable by its terms and shall be responsible for any fees or penalties in connection therewith.
Payment that is more than 14 days outstanding will result in automatic forfeiture of the Contract Space with full responsibility by the applicant for payment owing.
Notwithstanding anything to the contrary contained in this Agreement, following the Effective Date, Seller shall not make any Bookings (other than bookings for individual rooms) for a date more than 1 year after the Effective Date, permit Seller or the Hotel (but same shall not apply to Manager) to have any employees, or allow any deposits under any Service Contract, Space Lease or other agreement affecting or related to the Property to be applied, utilized or refunded, without the consent of Purchaser.