Hotel Operating Lease definition

Hotel Operating Lease means any hotel operating lease entered into by an applicable Venture Vehicle and a Hotel Lessee.
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Hotel Operating Lease means the lease dated as of the date hereof between Hotel Owner and Hotel Operator, as the same may be amended or modified as permitted under this Agreement.
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Hotel Operating Lease means, individually or collectively as the context requires, each of those certain amended and restated Hotel Lease Agreements dated as of the date of this Indenture, and as the case may be, further amended, modified or supplemented from time to time, each by and between each Property Owner Borrower and a Hotel Lessee Borrower, with respect to the Properties.
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Examples of Hotel Operating Lease in a sentence

  • For any Eligible Property, the ------------------------ Borrower will not, and will not permit any of its Subsidiaries to (a) enter into leases of Personal Property which constitute Capital Leases in excess of the Hotel Capital Lease Limit or (b) enter into leases of Personal Property which do not constitute Capital Leases in excess of the Hotel Operating Lease Limit.

  • Coordinate ROS actions through the equipment/property custodian, branch/division chief, appropriate Accountable Property Officer (APO), and the base financial management section per the procedures and timelines in DoD Financial Management Regulation 7000.14-R, Volume 12, Chapter 7 and the AF ROS Guidance procedures.

  • Borrower shall promptly provide Lender notice in writing of any amendments, modifications or supplements to the Hotel Operating Lease permitted under this Section and copies of any documents evidencing such amendments, modifications or supplements to the Hotel Operating Lease.

  • Hotel Operator has been duly organized and is validly existing and in good standing with requisite power and authority to own the lessee’s interest in the Hotel Operating Lease and to operate the Property and to transact the businesses in which it is now engaged.

  • The Hotel Operating Lease is in full force and effect and there is no default thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • If at any time any agreement (including the Hotel Operating Lease, if the Operating Tenant is an Affiliate of the General Partner) pursuant to which operating management of any property of the Partnership is vested in the General Partner or an Affiliate of the General Partner or in Marriott International, Inc.

  • What Marshall meant by duty is unclear, perhaps an ‘obligation to give’ (see: Marshall, T.H., (1981), The Right to Welfare, (London: Heinemann), p.92), although others make connections between entitlements and ‘corresponding’ duties, see: Roche, M., (1992), Rethinking citizenship: Welfare, ideology and change in modern society, (Cambridge: Polity Press), p.117.

  • So long as any portion of the Debt shall remain unpaid, unless Lender shall otherwise consent, the fee title to the Land and the leasehold estate therein created under the Hotel Operating Lease shall not merge but shall always be kept separate and distinct, notwithstanding the union of such estates in Hotel Owner, the lessor thereunder, or in any other Person by purchase, operation of law or otherwise.

  • So long as any portion of the Debt shall remain unpaid, unless Lender shall otherwise consent, such consent not to be unreasonably withheld or delayed, the fee title to the Property and the leasehold estate therein created pursuant to the provisions of the Ground Lease or the Hotel Operating Lease shall not merge but shall always be kept separate and distinct, notwithstanding the union of such estates in Borrower, Lender, or in any other person by purchase, operation of law or otherwise.

  • Hotel Operating Lease Limit - Operating Leases will be limited to no more than $750 per room.


More Definitions of Hotel Operating Lease

Hotel Operating Lease means that certain agreement with the Operating Tenant, executed as of the closing of the offering pursuant to the Private Placement Memorandum, whereby the Operating Tenant leases the Hotel and subleases a golf course from the Partnership.
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Related to Hotel Operating Lease

  • Operating Lease means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee which is not a Capital Lease.

  • 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.

  • Operating Lease Expense means the sum of all payments and expenses incurred by a Person, under any operating leases during the period of determination, as determined in accordance with GAAP.

  • 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:

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

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

  • 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).

  • 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.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

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

  • Net Lease means a lease in which the tenant undertakes to pay all or substantially all the cash expenses, excluding debt service, related to the leased property.

  • 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.

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

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

  • Master Lease means any master lease now or hereafter entered into, in which the Healthcare Facility is aggregated with other HUD-insured healthcare facilities and leased to a Master Tenant and any amendments or joinders thereto.

  • Hotel means any establishment used for the purpose of temporary, overnight lodging for which a fee is paid and reservations are required.

  • Ground Lessor means each lessor that has executed a Ground Lease (collectively, the “Ground Lessors”).

  • 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.

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

  • Hotel Management Agreement means any hotel management agreement relating to the management and operation of the Real Property together with all supplements, amendments and modifications thereto.

  • Operating Lease Obligations means all obligations for the payment of rent for any real or personal property under leases or agreements to lease, other than Capitalized Lease Obligations.

  • Master Leases means the PropCo Master Leases and each other Material Master Lease.

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • 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.