Hotel Portion definition

Hotel Portion means the portion of the Premises to be used primarily for constructing, operating and maintaining the Hotel, as described in the Project Commitments and the Approved ULURP Application and as more specifically shown on the Approved Plans and Specifications.
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Hotel Portion means the whole Hotel Property except the ground floor but inclusive of the hotel foyer located at the ground floor
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Hotel Portion means such part of the Leased Property where the Hotel
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Examples of Hotel Portion in a sentence

  • The Development will be divided into, amongst others, the Hotel Portion and the Non-Industrial Portion (including the Office Portion).

  • Pursuant to the SPA, the Target Company will assign the Hotel Portion to another subsidiary of the Company (i.e. the Hotel Portion Owner) prior to Completion under the Hotel Portion Assignment, such that the Purchaser will be purchasing the Target Company (holding only the Non-Industrial Portion (including the Office Portion)) at Completion.

  • AIDAR Appendix D, and TCNPSCs with an approved exception to use alternate classification procedures (ACP), under AIDAR Appendix J, sec.

  • The Group intends to develop the Hotel Portion into a hotel under the “Dorsett” brand, which will serve as an addition to the Group’s existing hotel portfolio in Hong Kong.

  • Upon the completion of the Conversion, INV will complete the Additional Acquisition and thus aims to operate the Existing Hotel Portion and the Floor Expansion Portion together in an efficient manner.(Note 3) Anticipated acquisition price is the total of (i) purchase price set forth in the PSA, (ii) expenses with regard to the Conversion, (iii) transfer price of the furniture, fixture and equipment (FF&E), and other expenses.

  • The Group will continue to operate the Hotel Portion after Completion.

  • Board investigative staff should develop procedures to actively limit the influence of liability in determining what accidents and complaints to investigate.

  • At the end of the first (lst) sentence of this Subsection 6.B(3) of Lease entitled “Tenant’s OMC and Tax Charge/Procedures” insert the following: which statement shall include a copy of all tax bills for such calendar year and the allocation thereof between the Retail Portion, Office Portion and Hotel Portion of the Building as well as an itemization of the OMC Sum for such calendar year.

  • Shenyang Lido Business is the sole legal owner of the said building ownership rights and possesses the rights to lease the Hotel Portion of the Property and receive rental income from the leased property according to the relevant tenancy agreements.

  • The research value shows the difference between (i) the research value of Existing Hotel Portion and Floor Expansion Portion combined, assuming the completion of the Conversion (JPY 27,400 million) and (ii) the research value for the Existing Hotel Portion before the Additional Acquisition (JPY24,800 million).(Note 5) The name of the seller is not disclosed, as the seller’s consent has not been obtained for disclosure.

Related to Hotel Portion

  • Principal Portion means the portion of each Base Rentals payment that represents the payment of principal set forth in Exhibit C (Base Rentals Schedule) hereto.

  • Portion is defined in Section 2.1(a) hereof.

  • Material Portion has the meaning set forth in Section 6.13(c).

  • Existing portion means that land surface area of an existing waste management unit, included in the original Part A permit application, on which wastes have been placed prior to the issuance of a permit.

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

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Hotel or motel means “hotel” as that term is defined in ORS 699.005.

  • Substantial Portion means, with respect to the Property of the Borrower and its Subsidiaries, Property which (i) represents more than 10% of the consolidated assets of the Borrower and its Subsidiaries as would be shown in the consolidated financial statements of the Borrower and its Subsidiaries as at the beginning of the twelve-month period ending with the month in which such determination is made, or (ii) is responsible for more than 10% of the consolidated net sales or of the consolidated net income of the Borrower and its Subsidiaries as reflected in the financial statements referred to in clause (i) above.

  • Significant Portion means, for purposes of the casualty provisions set forth in Article XI hereof, damage by fire or other casualty to the Real Property and the Improvements or a portion thereof, the cost of which to repair would exceed ten percent (10%) of the Purchase Price.

  • Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Initial Portfolio means the initial portfolio of Receivables, comprising Eligible Assets, purchased by the Guarantor from the Seller pursuant to the Master Loans Purchase Agreement.

  • Hotel Site means the real property on which the Hotel is located or to be located, as approved by us.

  • Property management means leasing or renting, or offering to lease or rent, real property of others for a fee, commission, compensation, or other valuable consideration pursuant to a property management employment contract.

  • Allocable Portion for purposes of this Plan, means (1) if there is one Distributor, all Earned Distribution and Earned Servicing Fees; or (2) if there are two or more Distributors, the portion of the Earned Distribution Fee and Earned Servicing Fee allocated to a Distributor in accordance with any allocation procedures to which each Distributor shall agree and which accurately allocates the Earned Distribution and Earned Servicing Fees among all Distributors in proportion to the outstanding New Class X Shares attributable to their respective efforts.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Operating Assets means all merchandise inventories, furniture, fixtures and equipment (including all transportation and warehousing equipment but excluding office equipment and data processing equipment) owned or leased pursuant to Capital Leases by the Company or a Restricted Subsidiary.

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

  • Cash Portion is defined in Section 2.2(a)(iii) hereof.

  • Hotels means the hotel properties described in Exhibit A hereto, as it may be amended from time to time by mutual agreement of Lessee and Operator to add hotel properties or to delete hotel properties as a result of termination of this Agreement with respect to one or more hotel properties pursuant to the termination provisions set forth in this Agreement. “Hotel” shall mean any hotel set forth on Exhibit A as it may be amended from time to time.

  • Management Area means the area within the boundaries of a Member or group of Members to be managed by that Member or group of Members under any GSP adopted by the Authority.

  • Divestiture Assets means all of Defendants’ rights, titles, and interests in and to:

  • Active portion means that portion of a facility where treatment, storage, or disposal operations are being or have been conducted after November 19, 1980 and which is not a closed portion. See also "closed portion" and "inactive portion."

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Tag-Along Portion means, with respect to you and your Permitted Transferees, the number of shares of Common Stock beneficially owned by you and your Permitted Transferees on the date of the Tag-Along Notice multiplied by a fraction, the numerator of which is the maximum number of shares of Common Stock which can be sold in the Tag-Along Sale and the denominator of which is the aggregate number of shares of Common Stock beneficially owned by the Participants, collectively.