Examples of HHTI in a sentence
At the 2000 through 2005 annual meetings of shareholders, the STH Directors and the HHTI Directors, or, in the event any one or more of them shall decline or be unable to serve as a director, such individual designated by the remaining STH Directors or HHTI Directors, as the case may be, shall be nominated for election to the Board of Directors and the Board of Directors shall use its best efforts to cause each such individual to be so elected at each such annual meeting of shareholders.
Notwithstanding the foregoing, in the event of a vacancy occurring prior to the 2006 annual meeting of shareholders among the STH Directors or the HHTI Directors (each as defined in that certain Agreement and Plan of Merger, dated as of June 11, 1999, by and between the Company and Supertel Hospitality, Inc.), a majority of the remaining STH Directors and HHTI Directors, respectively, shall nominate replacements for any vacancy among the STH Directors and the HHTI Directors, as the case may be.
All of the aforesaid expenditures (including Administrative Expenses) shall be made on behalf of the Partnership, and the General Partner and HHTI shall be entitled to reimbursement by the Partnership for any expenditure (including Administrative Expenses) incurred by it on behalf of the Partnership which shall be made other than out of the funds of the Partnership.
The General Partner and HHTI also agree that all borrowings shall constitute Funding Loans, subject to the exception set forth in Section 4.03 hereof.
HHTI further agrees to supplement or make amendments to the Shelf Registration, if required by the rules, regulations or instructions applicable to the registration form utilized by HHTI or by the Securities Act or rules and regulations thereunder for the Shelf Registration.
HHTI and each officer, director and controlling person of HHTI shall be indemnified by each holder of Redemption Shares covered by the Shelf Registration for all such losses, claims, damages, liabilities and expenses (including reasonable costs of investigation) caused by any such untrue, or alleged untrue, statement or any such omission, or alleged omission, based upon information furnished to HHTI expressly for use therein by or on behalf of the holder.
HHTI is required by the provisions of Section 8.06(a) hereof to use its commercially reasonable best efforts to have a Shelf Registration relating to the Redemption Shares declared effective under the Securities Act as soon as practicable after the filing of such Shelf Registration.
HHTI and the General Partner shall also be empowered to do any and all acts and things necessary or prudent to ensure that the Partnership will not be classified as a “publicly traded partnership” for the purposes of Section 7704(a) of the Code.
The Redemption Right shall be exercised pursuant to a Notice of Redemption delivered to the Partnership (with a copy to the General Partner and HHTI) by the Limited Partner who is exercising the Redemption Right (the “Redeeming Partner”); provided, however, that the Partnership shall not be obligated to satisfy such Redemption Right if the General Partner or HHTI elects to purchase the Common Units described in the Notice of Redemption pursuant to Section 8.05(b).
If HHTI shall list or maintain the listing of any shares of Common Stock on any securities exchange or national market system, it will at its expense list thereon, maintain and, when necessary, increase such listing to include the Redemption Shares.