Definition of PR LEASE

  1. PR LEASE means that certain lease to be entered into pursuant to the PR Stock Agreement between the owner of the PR Property, on the one hand, and Managers Affiliate, on the other hand, with respect to the InterContinental Hotel in San Juan, Puerto Rico, as the same may be amended from time to time.

Definition of PR LEASE in Management Agreement

PR LEASE means that certain lease to be entered into pursuant to the PR Stock Agreement between the owner of the PR Property, on the one hand, and Managers Affiliate, on the other hand, with respect to the InterContinental Hotel in San Juan, Puerto Rico, as the same may be amended from time to time.