Prime Hotels definition
Examples of Prime Hotels in a sentence
In the interim, the Prime Hotels will operate as Wyndham hotels in accordance with all applicable agreements, and Manager will perform, as an Operating Cost (or, with respect to any one time transfer fees or liquidated damages, from the Reserve Account), Owner’s obligations under such applicable agreements.
Owner shall be obligated to pay Operating Costs for the Prime Hotels for such period to the extent such Operating Costs exceed Gross Revenues for such Hotels for such period.
Manager shall complete such conversion promptly after the Prime Hotels Effective Date, but in all events on or before June 30, 2004; provided, however, in the event that Manager is unable to complete such conversion on or before such date despite having made all commercially reasonable efforts to do so, such date shall be extended to December 31, 2004 provided that Manager at all times is diligently prosecuting the completion of such conversion.
Manager shall operate each Hotel, as applicable, either as an AmeriSuite or Prime Hotels & Resorts hotel in accordance with the terms of this Agreement, the applicable Brand Standards and the Operating Standards.
No Management Fee shall be due or payable with respect to (a) the AmeriSuite Hotels for the period prior to the AmeriSuite Effective Date or (b) the Prime Hotels for the period prior to the Prime Hotels Guaranty Commencement Date.
Landlord and Owner shall not do anything between the date hereof and the Prime Hotels Effective Date with respect to the Prime Hotels which causes the statements in Exhibit C to be untrue in any material respect on the Prime Hotels Effective Date.
The Prime Hotels are to be converted to the Prime Hotels & Resorts brand following the date hereof.
In connection with operating the Prime Hotels as Wyndam hotels, Manager and/or its employees will enter into such confidentiality agreements as the owner of the Wyndam trademark shall reasonably require.