Operating Term means, with respect to any Hotel, the term of this Agreement as set forth in Section 2.01.

Operating Term means the Initial Term and any Renewal Term(s). “Operator” - shall have the meaning set forth in the preamble.

Operating Term means that period of time referred to in Section 3 hereof.

Examples of Operating Term in a sentence

In reliance on the foregoing representations, Lessee hereby engages Operator to manage and operate the Hotels during the Operating Term and Operator agrees to manage and operate the Hotels during the Operating Term, in accordance with this Agreement.
This Agreement may be terminated by Lessee or Operator upon a change of control of Lessee (as defined below) during the Operating Term.
During the Operating Term, Operator shall promptly deliver to Lessee copies of any deficiency notices or similar notices received from a Franchisor and any response thereto.
This Agreement may be terminated by Lessee upon a change of control of Operator (as defined below) during the Operating Term.
If at any time during the Operating Term any Hotel or any portion thereof should be damaged or destroyed, Owner and Lessee shall have the respective rights and obligations set forth in the Lease with respect to damage or destruction.

More Definitions of Operating Term

Operating Term means the initial operating term referred to in Clause 5 and any extension thereof.

Operating Term means the “Term” as defined in the Venue License Agreement.

Operating Term means the term of this Agreement as set forth in Section 2.01 of this Agreement.

Operating Term means the operating period of the Company as stipulated in Article 2 of this Charter, and extension (if any) passed by the resolution of the General Meeting of Shareholders.

Operating Term means the Term and any extension thereof, as set forth in Article III.

Operating Term. The period commencing on the Opening Date and expiring at 11:59 p.m. on December 31 of the calendar year in which the twentieth (20th) anniversary of the Opening Date occurs.