Hotel Lease Agreement definition

Hotel Lease Agreement means an agreement to lease all or part of a Property from the relevant Property Company (including all appendices thereto) for the purpose of conducting hotel operations.
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Hotel Lease Agreement is defined in the Recitals to this Agreement.
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Hotel Lease Agreement means that certain Hotel Lease Agreement for the lease of the Property, by and between Michigan Avenue, LLC and Property LLC.
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Examples of Hotel Lease Agreement in a sentence

  • Details of the New Hotel Lease Agreement and the Car Park Lease Agreement are set out in the Acquisition Circular and a separate waiver for the New Hotel Lease Agreement and the Car Park Lease Agreement will be sought from the Independent Unitholders.

  • Our Company has formally taken the Shambhu Lodge, currently known as Osiya Shambhu Lodge from Rajesh Kumar Negi, our promoter and Managing Director and Mukesh Kumar Negi through a Hotel Lease Agreement dated September 1, 2021 on a yearly lease rent of ` 2,40,000 and ` 10,000 per month for extra expenses.

  • Such security deposit can be utilized by the Lessor in the event that the Lessee is in breach of its payment obligation under the New Hotel Lease Agreement.

  • New Century Tourism has agreed to provide a guarantee to the Lessor with respect to the obligations of the Lessee under the New Hotel Lease Agreement.

  • For the first five years from the commencement of the New Hotel Lease Agreement, the Lessee is required to pay a minimum aggregate annual Base Rent of RMB22 million.

  • New Century REIT (through the Lessor) has entered into the New Hotel Lease Agreement with the Lessee in respect of a total area of 47,340 sqm (excluding certain leisure facilities in Kaifeng Hotel of approximately 6,172 sqm).

  • Any amount recovered following the early termination of the Amended Lease Agreement will be applied depending on status of the Lenders.Risks associated with rental income: From the delivery date of the Resort to Club Med, SARL is due to receive rental income under the Hotel Lease Agreement.

  • The currency risk will be mitigated via hedging strategies to fix the capital expenditure amount in EURO upfront.• Risk related to the Hotel Lease Agreement:Early termination of the Hotel Lease Agreement: There is a risk of early termination of the Hotel Lease Agreement by either SARL or Club Med, and this might affect the ability of the Issuer to service its debt obligations.

  • For the purposes of calculating the Base Rent for the first and last incomplete financial year period of each five year term (i.e. from commencement of the New Hotel Lease Agreement or the commencement of each five year term to the end of that year and from the beginning of year to the end of each five year term), the amount of Base Rent for that period should be proportionately adjusted based on the number of days in such period.

  • Under the Kaifeng Hotel Lease Agreement, the subsequent lease period (being the sixth year to the tenth year under the Kaifeng Hotel First TenYear Term) will commence on 31 July 2020.

Related to Hotel Lease Agreement

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Lease Agreement means the bargain, with respect to the lease, of the lessor and the lessee in fact as found in their language or by implication from other circumstances including course of dealing or usage of trade or course of performance as provided in this article. Unless the context clearly indicates otherwise, the term includes a sublease agreement.

  • Sublease Agreement shall have the meaning specified in Section 8.2(b).

  • Lease Agreements shall have the meaning set forth in Section 3.14.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Master Lease means that certain [Master Lease title], relating to the leasing of, inter alia, the Healthcare Facility by Borrower to Master Tenant.

  • Operating Lease of a Person means any lease of Property (other than a Capitalized Lease) by such Person as lessee which has an original term (including any required renewals and any renewals effective at the option of the lessor) of one year or more.

  • Master Leases refers to the four second amended and restated master lease agreements, dated as of April 27, 2007, by and among the Operating Partnership and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc.

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • New Lease Any lease of REO Property entered into on behalf of the Trust, including any lease renewed or extended on behalf of the Trust if the Trust has the right to renegotiate the terms of such lease.

  • Use Agreement means a written agreement between a primary licensee and a Type S applicant or licensee that specifies the designated area of the Type S licensee, the days and hours in which the Type S licensee is assigned to use the common-use area, any allocation of responsibility for compliance pursuant to Section 40196, and an acknowledgement that the Type S licensee has sole and exclusive use of the common- use area during the Type S licensee’s assigned time period.

  • Easement Agreement means any conditions, covenants and restrictions, easements, declarations, licenses and other agreements which are Permitted Encumbrances and such other agreements as may be granted in accordance with Section 19.1.

  • Occupancy Agreement means a written agreement entered into between an assisted living program and a tenant that clearly describes the rights and responsibilities of the assisted living program and a tenant, and other information required by rule. “Occupancy agreement” may include a separate signed lease and signed service agreement.

  • Sub-Lease means the sub-lease entered into following the approval of an Approved Sub-lease;

  • Property Management Agreement means any Property Management Agreement between the Company and the Property Manager.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Existing Lease shall have the meaning assigned thereto in Section 10.7.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Rental agreement or "lease agreement" means all agreements, written or oral, and valid rules and

  • Franchise Agreement or “Agreement” shall mean this Agreement and any amendments or modifications hereto.

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • Wet Lease means any arrangement whereby Owner or a Permitted Lessee agrees to furnish the Aircraft, Airframe or any Engine to a third party pursuant to which the Aircraft, Airframe or Engine shall at all times be in the operational control of Owner or a Permitted Lessee, provided that Owner’s obligations under the Trust Indenture shall continue in full force and effect notwithstanding any such arrangement.

  • special lease means a special lease or license to be granted in terms of this Agreement under the Ratifying Act the Land Act or the Xxxxxxx Xxx 0000 and includes any renewal thereof; “this Agreement” “hereof” and “hereunder” include this Agreement as from time to time added to varied or amended;

  • Space Leases means any Lease or sublease thereunder (including, without limitation, any Major Space Lease) or any other agreement providing for the use and occupancy of a portion of the Property as the same may be amended, renewed or supplemented.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.