CR Hotel definition
Examples of CR Hotel in a sentence
Buyer agrees to indemnify and hold harmless Raintree, CR Hotel and the Company against any Liability incurred because of any brokerage commission or finder's fee alleged to he payable because of any act, omission or statement of Buyer.
Buyer shall have the right to terminate this Agreement if Bancomer shall default under the Bancomer Agreement, provided, however, that so long as Buyer has not exercised its right to terminate this Agreement pursuant to this Section 0 in the event of a default by Bancomer under the Bancomer Agreement, Buyer and the Company shall diligently seek to enforce the rights of the Company and CR Hotel under the Bancomer Agreement in a prudent manner.
CR Hotel is hereby released as a party to this Agreement, the First Amended Agreement and the Original Agreement and the parties hereto acknowledge that Buyer has succeeded to the rights and obligations of CR Hotel, if any, hereunder.
Buyer shall have the right to approve prior to the Closing the organizational documents of each of the Hotel Subsidiaries and the Hotel Holding Company and the Boards of Directors thereof for the purpose of ensuring that Buyer through CR Hotel shall have the exclusive right from and after the Closing Date to control such corporations.
In addition, Buyer shall, and shall cause CR Hotel to, support the Timeshare Business with respect to marketing on substantially the same basis as is currently being provided by Westin and the Hotel Business.
Buyer shall through CR Hotel and the Hotel Subsidiaries have exclusive control of the Hotel Business provided that Buyer shall consult with the Company on a regular basis with respect thereto.
It is not intended that this Committee will have any legal power or authority but shall provide advice and recommendations as it deems desirable to CR Hotel and the Company.
Buyer acknowledges that the interest in CR Hotel in the Hotel Business will be subject to either the Hotel Note or the financing provided by Buyer as provided in the preceding sentence.
In addition, Buyer agrees to cause CR Hotel to cause the Hotel Business to continue to provide the services and amenities to Club Regi▇▇ ▇▇▇bers on substantially the same basis as is currently being provided by the Hotel Business to Club Regi▇▇ ▇▇▇bers.