HOTEL DISPOSITION definition

HOTEL DISPOSITION means a sale, transfer or other disposition of a Hotel or any interest in a Hotel, pursuant to which direct or indirect control of the Hotel is no longer held by Client or an Affiliate thereof.
View Source
HOTEL DISPOSITION means the proposed disposition of all or substantially all of the Consolidated Group’s hotel properties, either through sales to one or more third parties or through a distribution of the stock in the owner or owners of such hotel properties to the shareholders in Borrower.
View Source

Related to HOTEL DISPOSITION

  • Final disposition means the burial, interment, cremation, removal from the state, or other disposition of a dead body or fetus.

  • Permitted Asset Disposition means (i) any Asset Disposition permitted by Section 8.5 and (ii) any Excluded Asset Disposition.

  • Collateral Disposition means (i) the sale, lease, transfer or other disposition of the Vessel by the Borrower to any Person (it being understood that a Permitted Chartering Arrangement is not a Collateral Disposition) or the sale of 100% of the Capital Stock of the Borrower or (ii) any Event of Loss of the Vessel.

  • REO Disposition The final sale by the Servicer of any REO Property.

  • from an Asset Disposition means cash payments received therefrom (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness or other obligations relating to such properties or assets or received in any other non-cash form), in each case net of: