Promus definition
Examples of Promus in a sentence
Owner's consent shall not be required for Manager to assign any of its rights, interests or obligations as Manager hereunder to any parent, subsidiary or affiliate of Manager or Promus Hotel Corporation, provided that any such assignee agrees to be bound by the terms and conditions of this Agreement and provided, further, that such assignee has received an assignment of all or substantially all of the management agreements entered into by Manager with respect to other Homewood Suites hotels.
Without prejudice to Manager's right to terminate this Agreement pursuant to the provisions of this Agreement, Manager may at any time and without notice to Owner set off or transfer any sum or sums held by Manager or other affiliate of Promus Hotels, Inc.
In accordance with the Purchase Agreement (as herein defined), that certain Agreement of Sale dated August 6, 1999 by and among Hampton Inns, Inc., Promus Hotels Florida, Inc.
Promus was automatically admitted to the Company effective upon the Conversion, and hereby continues as a member of the Company upon its execution of a counterpart signature page to this Agreement.
Without prejudice to Manager's right to terminate ------- this Agreement pursuant to the provisions of this Agreement, Manager may at any time and without notice to Owner set off or transfer any sum or sums held by Manager or other affiliate of Promus Hotels, Inc.
This Agreement constitutes a valid and binding obligation of Promus, enforceable in accordance with its terms.
Owner hereby authorizes Manager to utilize the services of and/or place the insurance set forth in this Exhibit "D" with (i) any subsidiary or affiliated company of Promus Hotels, Inc.
Notice to the Company shall be addressed to: Promus Hotel Corporation ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attention: General Counsel Notice to the Executive shall be addressed to him at the business address of the Company where the Executive is employed, with a copy to him at his home address as follows: All such notices shall be deemed effectively given five (5) days after the same has been deposited in a post box under the exclusive control of the United States Postal Service.
The United States federal income tax returns of the Borrower and its Subsidiaries and of Promus and its Subsidiaries have been filed through the fiscal year ended December 31, 1998.
The Partnership shall not be required to issue fractional shares of Common Stock or Units in connection with such incremental purchase and, in lieu thereof, the Partnership shall refund to Promus the cash amount represented by the fractional share of Common Stock or Unit based upon the Crown Sterling Purchase Price.