Hotel Opening definition
Examples of Hotel Opening in a sentence
Landlord shall in all cases have substantially completed the Common Areas and Hotel (substantially complete meaning for this purpose that the Common Areas and Hotel that a certificate of occupancy, whether, temporary or permanent ("Certificate of Occupancy") shall have been issued for the Hotel (including the Common Areas) so that the Common Areas and Hotel are open for business on or before the date as set forth in the License Agreement (the "Hotel Opening Date").
Landlord shall, in all cases, have delivered the substantially completed Shell of the Premises by the date which is one hundred eighty (180) days prior to the Hotel Opening Date, subject to delays caused by Force Majeure, Tenant Delay or defaults on the part of Tenant.
The Opening of the Hotel Project must occur on or before the Hotel Opening Deadline.
From and after the Hotel Opening, the Hotel Improvements shall be operated solely by the Hotel Manager pursuant to the Hotel Management Agreement.
The parties acknowledge that if the Hotel has not achieved the Four Star Standard rating from the Rating System by the expiration of twenty-four (24) months after the Hotel Opening Date, or thereafter fails to maintain its Four Star Standard rating by the Rating System (each, “Rating Failure”), default provisions and remedies as specified in the City Agreements shall apply (collectively, the “City Remedies”).
Notwithstanding the foregoing, in the event Landlord shall have delivered the substantially completed Shell of the Premises earlier than one hundred eighty (180) days prior to the Hotel Opening Date, such early delivery shall not require Tenant to complete the Work and be open for business prior to the Hotel Opening Date.
By Hotel Opening, Borrower shall enter into a license with Sunseeker Resorts, Inc.
Developer shall further require its Contractors to repair, replace, restore, or otherwise correct all Construction Work not subject to a warranty enforceable against a third party, which is found during the period of one (1) year from the Hotel Opening Date to be defective in material and workmanship or not in conformance with the Plans and Specifications or the Requirements in any material respect.
By Hotel Opening, the website with respect to the resort operated on the Property (currently ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇) shall be maintained by or on behalf of Borrower or Borrower’s Affiliate, and any such website shall be registered in the name of Borrower or Borrower’s Affiliate.
Without limiting the generality of the forgoing, Borrower shall cause (a) the Hotel Opening to occur by not later than the Hotel Opening Deadline, and (b) Building Conversion to occur by not later than the Construction Completion Deadline, provided that the Construction Completion Deadline may be extended for a period of time, not to exceed sixty (60) days, as a result of Unavoidable Delay.