Hotel Contracts definition

Hotel Contracts shall have the meaning set forth in Section 10.2(d).

Hotel Contracts shall have the meaning given in Section 7.1(v)(i).

Hotel Contracts. All of Seller’s right, title and interest to all service contracts, maintenance contracts, purchase orders, licensing agreements, Equipment Leases and other contracts or agreements and any amendments thereto, with respect to the ownership, maintenance, operation, provisioning or equipping of the Hotel, or any of the Property, as well as written warranties and guaranties relating thereto, if any, including, but not limited to, those relating to heating and cooling equipment and/or mechanical equipment, to the extent such contracts are transferable and/or the parties obtain any consent necessary to effectuate such transfer, but exclusive, however, of (i) insurance policies, (ii) the Bookings, (iii) the Employment Contracts, (iv) the Employee Benefit Plans, (v) the Franchise Agreement and (vi) the Management Agreement.

Examples of Hotel Contracts in a sentence

• All rents, income and charges receivable or payable under any Leases and Hotel Contracts applicable to the Property, and any deposits, prepayments and receipts thereunder, shall be prorated between Buyer and Seller as of the Cutoff Time.

• All rents, income and charges receivable or payable under any Leases and Hotel Contracts applicable to the Property, and any deposits, prepayments and receipts thereunder, shall be prorated between Buyer and Seller as of the Effective Time.

• It shall also provide for Seller’s indemnification of Buyer for pre-Closing obligations under the Hotel Contracts and likewise, Buyer’s indemnification of Seller for post-Closing obligations under the Hotel Contracts.

• Seller will not enter into any new Hotel Contracts or Equipment Leases, or renew or amend any existing Hotel Contracts or Equipment Leases at an annual expenditure under any such new or renewal Hotel Contract or Equipment Lease at a rate exceeding the rate currently prevailing under the existing Hotel Contract or Equipment Lease for the corresponding service or product without the written consent of Purchaser which Purchaser may withhold at its discretion.

• Attached as Exhibit F is a list of all of the Hotel Contracts, including any Equipment Leases; provided, however, that if Seller has inadvertently omitted a Hotel Contract from Exhibit F, Purchaser hereby acknowledges and agrees that it shall not have any right to terminate this Agreement pursuant to the terms hereof, but shall not be obligated to assume such Hotel Contract if such Hotel Contract is not terminable on thirty (30) or less days’ notice without payment of any penalty or termination fee.

More Definitions of Hotel Contracts

Hotel Contracts means all leases, license agreements, leasing agent’s agreements, equipment leases, building service agreements, maintenance contracts, suppliers contracts, warranty contracts, operating agreements or other agreements relating to the ownership, occupancy, operating, management or maintenance of the Property to which Seller is a party (or an assignee) or that are binding on the Property, including all FF&E Leases, Service Contracts and Leases.

Hotel Contracts means all service, maintenance, and other contracts respecting the maintenance or operation of the Hotel.

Hotel Contracts. All service, maintenance, purchase order, lease and other contracts and agreements, including equipment leases, and any amendments thereto, with respect to the maintenance, operation, provisioning or equipping of the Hotel and the ownership, operation, use and maintenance of the Property, as well as written warranties and guaranties relating thereto, if any, including those relating to heating and cooling equipment and/or mechanical equipment, but excluding, however, (i) insurance policies, (ii) the Bookings, and (iii) any of the foregoing which are not transferrable by Seller and/or Manager, or, which, at Purchaser's option, are not assumed by Purchaser (or Operator at the direction of Purchaser). HOTEL REVENUES. All revenues or sales or income of any kind payable to Seller and resulting from the ownership or operation of the Property and the Hotel, as and when collected, including, without limitation to, revenue and charges payable in connection with the rental of rooms and suites; food and beverage sales; laundry (including coin operated equipment) and telephone revenues; vending machine revenues; and rental and other payments from licensees and concessionaires occupying space or rendering services at the Hotel (after deduction of all rebates and the reasonable expenses actually paid or incurred in connection with the adjustments or collection thereof).

Hotel Contracts means all material service contracts, material maintenance contracts, and other material contracts or agreements, including material equipment leases capitalized for accounting purposes, in each case with respect to the ownership, maintenance, operation, provisioning, or equipping of the Company Properties and material guaranties relating thereto, if any.

Hotel Contracts means all service, maintenance, purchase order, reservation and telephone equipment and system contracts, and other contracts and/or leases where Seller is employer, lessee or purchaser, as the case may be, with respect to the ownership, maintenance, operation, provisioning or equipping of the Hotel (including, without limitation, those identified on Exhibit L hereto), any contracts and leases entered into between the date hereof and Closing in accordance with Section 12.1 hereof and any warranties and guaranties relating to any of such leases or contracts, but excluding, however (i) Bookings, (ii) Space Leases, (iii) the Condominium Documents, (iv) the Penthouse Documents, (v) the Franchise Agreement, (vi) insurance policies, (vii) the Settlement Agreement and (viii) the Operating Lease.

Hotel Contracts means all service and maintenance contracts, employment agreements, purchase orders and other contracts or agreements, including without limitation equipment leases, relating to the maintenance, operation, provisioning or equipping of the Hotel, together with all related written warranties and guaranties, as the same may change after the date hereof but only to the extent permitted under this Agreement. Hotel Contracts shall not include (i) the Franchise Agreement, (ii) Bookings or agreements relating to Bookings, (iii) the Management Agreement, (iv) any contracts, equipment leases or purchase orders (except to the extent of Consumables, Expendables and/or Furnishings ordered prior to the Closing in the ordinary course of business consistent with past practices and not yet delivered to the Property) under which, or which are subject to master agreements under which, goods and/or services are supplied or leased to more than one hospitality property owned, leased or managed by Seller, MHL, Manager or any of its or their respective affiliates, unless the same is specifically set forth on Exhibit D, (v) the MHL Lease or (vi) the Space Leases.

Hotel Contracts has the meaning ascribed to it in SECTION 1.06(D)(II).