Sonesta definition
Examples of Sonesta in a sentence
Except as provided in Section 11.09.E and 11.09.G, upon termination of this Agreement, any use of any of the Trade Names, or any of the Sonesta trademarks, service marks, other trade names, symbols, logos or designs at the Hotel shall cease and Owner shall promptly remove from the Hotel any signs or similar items which contain any of the Trade Names, trademarks, service marks, other trade names, symbols, logos or designs.
All capitalized terms not defined in this Joinder Agreement shall have the meaning ascribed to such terms in that certain Stockholders Agreement dated as of February 27, 2020 by and among the individuals and entities named and listed therein as “Stockholders” and Sonesta Holdco Corporation, a Maryland corporation (the “Company”), as it may be amended from time to time (the “Stockholders Agreement”).
All notices under this Agreement shall be in writing and delivered by hand or addressed and mailed by registered or certified mail, return receipt requested, if to the Company: Sonesta International Hotels Corporation ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇ ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: Office of Treasurer with a copy to: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, Esq.
As used in this Paragraph 7.2, the term “Effective Date” means the date on which date the Escrow Agent receives a copy of a written notice from Sonesta notifying the Fortune Partners of Sonesta’s election of the Buy-Out Option in accordance with Paragraph 4(d)(i) above.
In the event Sonesta elects the Third Fork Option pursuant to Paragraph 6(a) above, then in such event, all of the provisions of this letter agreement other than Paragraphs 7.1, 7.2, 11 and 14 shall remain operative.
The Guarantor waives notice of acceptance hereof, notice of any action taken or admitted by Sonesta in reliance hereon, and any requirement that Sonesta be diligent or prompt in making demands hereunder, giving notice of any default by Borrower or asserting any other right of Sonesta hereunder.
Sonesta shall continue to maintain and pay for all liability and hazard insurance currently in force and/or as required under the terms of the Loan Documents for the Property through to the date of Closing.
Upon such termination, RMR LLC shall as promptly as practicable deliver to Sonesta all property and documents of Sonesta then in its custody or possession.
RMR LLC and Sonesta are equal employment opportunity employers and comply with all applicable state and federal laws to provide a work environment free from discrimination and without regard to race, color, sex, sexual orientation, national origin, ancestry, religion, creed, physical or mental disability, age, marital status, veteran’s status or any other basis protected by applicable laws.
Sonesta shall have the continuing and exclusive right to apply or reverse and re-apply any and all payments to any portion of the Obligations.