Fee Owner definition
Examples of Fee Owner in a sentence
Neither Borrower nor a Subsidiary Guarantor has received any written notice that a Ground Lease Default has occurred or exists, or that any Fee Owner or any third party alleges the same to have occurred or exist.
The Borrower will promptly notify the Agent in writing of any default by a Fee Owner in the performance or observance of any of the terms, covenants and conditions on the part of a Fee Owner to be performed or observed under a Ground Lease.
The Borrower will promptly deliver to the Agent copies of all material notices, certificates, requests, demands and other instruments received from or given by a Fee Owner to Borrower or a Subsidiary Guarantor under a Ground Lease.
Fee Owner shall have no right to use the Homewood Suites "System" except as expressly set forth in the License Agreement.
In addition, Manager shall upon request cooperate with and assist Owner in obtaining the various permits and licenses that are required to be held in the name of either or both of Owner and Fee Owner that are necessary to enable Manager to operate the Hotel.