Revenue Data Publication means Xxxxx’x STAR Report, a monthly publication distributed by Xxxxx Travel Research, Inc. of Gallatin, Tennessee, or an alternative source, reasonably satisfactory to both parties, of data regarding the Revenue Per Available Room of hotels in the general trade area of the Hotel. If such Xxxxx’x STAR Report is discontinued in the future, or ceases (in the reasonable opinion of either Owner or Manager) to be a satisfactory source of data regarding the Revenue Per Available Room of various hotels in the general trade area of the Hotel, Owner and Manager shall select an alternative source for such data. If the parties fail to agree on such alternative source within a reasonable period of time, either party may terminate this Agreement upon sixty (60) days prior written notice to the other party.
Revenue Data Publication means Xxxxx'x STAR Report, a monthly publication distributed by Xxxxx Travel Research, Inc., of Gallatin, Tennessee, or an alternative source, reasonably satisfactory to both parties, of data regarding the REVPAR of hotels in the general trade area of the Facility. If such Xxxxx'x STAR Report is discontinued in the future, or ceases to be a satisfactory source of data regarding the REVPAR of various hotels in the general trade area of the Facility (as provided in the Management Agreement), Tenant shall select, or shall cause Manager to select, an alternative source in accordance with the Management Agreement.
Revenue Data Publication means Xxxxx'x STAR Report, a monthly publication distributed by Xxxxx Travel Research, Inc. of Gallatin, Tennessee, or an alternative source, reasonably satisfactory to both parties, of data regarding the Revenue Per Room of hotels in the general trade area of the Hotel. If such Xxxxx'x STAR Report is discontinued in the future, or ceases (in the reasonable opinion of either Primary Manager or Submanager) to be a satisfactory source of data regarding the Revenue Per Room of various hotels in the general trade area of the Hotel, Submanager shall select an alternative source, subject to Primary Manager's approval (such approval not to be unreasonably withheld). If the parties fail to agree on such alternative source within a reasonable period of time, the matter shall be resolved by determination by arbitration pursuant to Section 11.21.
Examples of Revenue Data Publication in a sentence
Revenue Data Publication" shall mean Xxxxx'x STAR Report, a monthly publication distributed by Xxxxx Travel Research, Inc., of Gallatin, Tennessee, or an alternative source, reasonably satisfactory to both parties, of data regarding the REVPAR of hotels in the general trade area of the Facility.
Revenue Data Publication: Xxxxx’x STAR Report, a monthly publication distributed by Xxxxx Travel Research, Inc.
Owner shall exercise its right to terminate this Agreement pursuant to this Section 9.2 by written notice to Operator given within sixty (60) days after receipt by Owner of the Annual Statement for the second of the two Measurement Years along with the applicable Revenue Data Publication information.
If Xxxxx’x STAR Report ceases to be the Revenue Data Publication, or if the Revenue Data Publication no longer uses such term, the Revenue Per Available Room shall mean the aggregate gross room revenues of the hotel in question for a given period of time divided by the total room nights for such period.
The “revenue per available room” as defined by the Revenue Data Publication.
More Definitions of Revenue Data Publication
Revenue Data Publication means Xxxxx’x STR Report, a monthly publication distributed by Xxxxx Travel Research, Inc., or an alternative source, reasonably satisfactory to both parties, of data regarding the average daily rate, occupancy and RevPAR of hotels in the general area of the Hotel, including, without limitation, the Competitive Set.
Revenue Data Publication means Xxxxx'x STAR Report, a monthly ------------------------ publication distributed by Xxxxx Travel Research, Inc. of Gallatin, Tennessee or an alternative source, reasonably satisfactory to both parties, of data regarding the Revenue Per Room of hotels in the general trade area of the Inn. The "competitive set" for the Inn shall be determined (with periodic adjustments) by Management Company, subject to Owner's approval (such approval not to be unreasonably withheld). If such Xxxxx'x STAR Report is discontinued in the future, or ceases (in the reasonable opinion of either Owner or Management Company) to be a satisfactory source of data regarding the Revenue Per Room of various hotels in the general trade area of the Inn, Management Company shall select an alternative source, subject to Owner's approval (such approval not to be unreasonably withheld). If the parties fail to agree on either such competitive set or such alternative source, as the case may be, within a reasonable period of time, the matter shall be resolved by arbitration pursuant to Section 20.13.
Revenue Data Publication means Smith’s STAR Report, a monthly publication distributed by Smith Travel Research, Inc. of Gallatin, Tennessee, or an alternative source, reasonably satisfactory to both parties, of data regarding the Revenue Per Available Room of hotels in the general trade area of the Hotel. If such Smith’s STAR Report is discontinued in the future, or ceases (in the reasonable opinion of either Owner or Manager) to be a satisfactory source of data regarding the Revenue Per Available Room of various hotels in the general trade area of the Hotel, Manager shall select an alternative source for such data, subject to Owner’s approval. If the parties fail to agree on such alternative source within a reasonable period of time, the matter shall be resolved by the panel of Experts in accordance with the provisions of Section 11.20.
Revenue Data Publication means Smitx'x XXXR Report, a monthly publication distributed by Smitx Xxxvel Research, Inc. of Gallatin, Tennessee, or an alternative source, reasonably satisfactory to both parties, of data regarding the Revenue Per Room of hotels in the general trade area of the Hotel. If such Smitx'x XXXR Report is discontinued in the future, or ceases (in the reasonable opinion of Manager and Marriott) to be a satisfactory source of data regarding the Revenue Per Room of various hotels in the general trade area of the Hotel, Manager and Marriott shall select an alternative source pursuant to the Submanagement Agreement.
Revenue Data Publication means Xxxxx'x STAR Report, a monthly publication distributed by Xxxxx Travel Research, Inc., of Gallatin, Tennessee, or an alternative source, reasonably satisfactory to both parties, of data regarding the RevPAR of the Comparable Hotels. If such Xxxxx'x STAR Report is discontinued in the future, or ceases (in the reasonable opinion of either Owner or Manger) to be a satisfactory source of data regarding the RevPAR of the Comparable Hotels, Manager and Owner shall select an alternative source. If the parties fail to agree on such alternative source within a reasonable period of time, the matter shall be resolved by arbitration pursuant to Section 4.04(c)(iii).
Revenue Data Publication means Xxxxx’x STAR Report, a monthly publication distributed by Xxxxx Travel Research, Inc. of Gallatin, Tennessee, or an alternative source, reasonably satisfactory to both parties, of data regarding the Revenue Per Available Room of hotels in the general trade area of the Hotel. If such Xxxxx’x STAR Report is discontinued in the future, or ceases (in the reasonable opinion of either Owner or Manager) to be a satisfactory source of data regarding the Revenue Per Available Room of various hotels in the general trade area of the Hotel, Owner and Manager shall select an alternative source for such data, and any failure to reach agreement on such alternative source shall be referred to the Expert.
Revenue Data Publication means Smitx'x XXXR Report, a monthly publication distributed by Smitx Xxxvel Research, Inc. of Gallatin, Tennessee, or an alternative source, reasonably satisfactory to both parties, of data regarding the Revenue Per Room of hotels in the general trade area of the Hotel. If such Smitx'x XXXR Report is discontinued in the future, or ceases (in the reasonable opinion of either Primary Manager or Submanager) to be a satisfactory source of data regarding the Revenue Per Room of various hotels in the general trade area of the Hotel, Submanager shall select an alternative source, subject to Primary Manager's approval (such approval not to be unreasonably withheld). If the parties fail to agree on such alternative source within a reasonable period of time, the matter shall be resolved by determination by arbitration pursuant to Section 11.21.