Hotel Managerco definition

Hotel Managerco means Sunstone O’Neill Hotel Management Inc., a British Columbia corporation;
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Examples of Hotel Managerco in a sentence

  • Operations of the Hotels Hotels Leaseco will engage Hotel Managerco, a British Columbia corporation, to provide management and operation services in respect of the Hotels upon the acquisition of the first Hotel.

  • Hotel Managerco will have the right to subcontract and/or assign some or all of the services to be provided by it under the Hotel Management Agreement to a party who qualifies as an eligible independent contractor of Hotels Leaseco and the Hotels Investment LP as defined by the Code, provided that in the event of such a subcontract or assignment, Hotel Managerco will remain liable for the fulfillment of the obligations of the manager under the Hotel Management Agreement.

  • Further quantitative information concerning trade receivables is shown in notes 18, 29 and 34.Impairment of goodwill Details of the impairment reviews undertaken in respect of the carrying value of goodwill are given in note 12.

  • Hotel Managerco is a subsidiary of O’Neill Hotels & Resorts Ltd., Darren Developments Inc.

  • As well, Hotels Leaseco will reimburse Hotel Managerco for all out-of-pocket expenses reasonably incurred by Hotel Managerco in the provision of services under the Hotel Management Agreement.

  • To satisfy lender requirements and ensure that property-level loans are not cross-collateralized, Properties will be owned by separate underlying limited partnerships established and owned by the Holding LPs. 3.4 Business of Hotels Leaseco Hotels Leaseco has been established for the purposes of leasing the Hotels from the Hotels Holding LP or its subsidiaries, and engaging Hotel Managerco to manage and operate the Hotels.

  • The Hotels Holding LP may not be able to require Hotel Managerco to change its method of operation of the Hotels.

  • Hotel Managerco intends to assign the Hotel Management Agreement to Tower Rock Hotels and Resorts Inc.

  • Further, prospective purchasers will also be relying on the good faith and expertise of Hotel Managerco and its principals, Rob O’Neill and John O’Neill, with respect to the management and operation of the Hotels.

  • In consideration of the provision of services under the Hotel Management Agreement, Hotels Leaseco will pay Hotel Managerco a management fee equal to 3.5% of total revenues per month earned by each Hotel (plus applicable taxes).

Related to Hotel Managerco

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • Sub-Manager Any Person with which the Property Manager or the Special Servicer has entered into a Sub-Management Agreement.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Regional Manager means regional executive director of the Ministry or except for Section 2.1.1(1)(a), regional executive director’s designate;

  • CLO Asset Manager means, with respect to any Securitization Vehicle that is a CLO, the entity that is responsible for managing or administering the underlying assets of such Securitization Vehicle or, if applicable, the assets of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the Directing Holder).

  • Asset Manager means the manager of each of the Series Assets as specified in each Series Designation or, its permitted successors or assigns, appointed in accordance with Section 5.10.

  • Property Manager means an entity that has been retained to perform and carry out at one or more of the Properties property-management services, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.

  • Asset Management Company means an asset Management Company as defined in the Rules and Regulations.

  • General Manager of Railway means the officer - in-charge of the General Superintendence and Control of the Railway and shall mean and include their successors, of the successor Railway;

  • Management Company means the firm overseeing the operation and management of the Participating Property; and shall mean the Grantee in any event wherein the Management Company is required to perform any obligations under this Agreement.

  • Starwood shall have the meaning assigned to such term in the preamble to this Agreement.

  • Airport Manager means that term as defined in section 2 of the aeronautics code of the state of Michigan, 1945 PA 327, MCL 259.2.

  • CFPC means the College of Family Physicians of Canada.

  • Manager has the meaning set forth in 2.1.

  • Existing Manager means THR Property Management L.P.

  • Managing entity means the managing agent or, if there is no managing agent, the time-share

  • Asset management means a systematic process of operating and maintaining the state system of

  • CDO Asset Manager with respect to any Securitization Vehicle that is a CDO, shall mean the entity that is responsible for managing or administering a Note as an underlying asset of such Securitization Vehicle or, if applicable, as an asset of any Intervening Trust Vehicle (including, without limitation, the right to exercise any consent and control rights available to the holder of such Note).

  • Management Group means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time.

  • City Manager means the City Manager of the City.

  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.

  • MP means Monongahela Power Company, an Ohio corporation.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Manager-managed limited liability company means a limited liability company that is managed by

  • ESMP or “Environmental and Social Management Plan” means with respect to each activity under the Project pursuant to which the ESMF requires it, a plan to be prepared by the Recipient pursuant to Section I.D.1 of Schedule 2 to this Agreement, in accordance with the provisions of the ESMF and approved by the Association, setting out measures to mitigate any adverse environmental and social impacts arising from such activities; and “ESMPs” means more than one ESMP.

  • Training manager means the individual responsible for administering a training program and monitoring the performance of principal instructors and guest instructors.