System Services Charges definition
Examples of System Services Charges in a sentence
If Owner elects to participate in any optional System Service, Owner shall pay all System Services Charges for, and comply with all terms of, such optional System Services.
Owner acknowledges and agrees that (a) the Hotel shall participate in all System Services which are mandatory for substantially all of the Operated Brand Hotels, and (b) Owner shall pay all System Services Charges for, and comply with all terms and requirements of, such mandatory System Services.
Operator shall apply such System Services Charges to the applicable System Services.
The System Services Charges for the mandatory Starwood System Services provided to the Operated Brand Hotels shall not include a profit component (i.e., a ▇▇▇▇-up in addition to the cost items described in Section 6.2.1).
Operator, its Affiliates and any third-party providing any System Services shall have the right to increase or decrease any or all of the System Services Charges from time to time, upon 60 days notice to Owner, provided that any such changes in the System Services Charges are applied on the same basis to substantially all of the Operated Brand Hotels.
All Operating Fees, System Services Charges, Hotel Personnel Costs and other Reimbursable Expenses and other amounts due Operator or its Affiliates under this Agreement through the effective date of expiration or termination shall be paid to Operator and its Affiliates no later than the effective date of such expiration or termination.
However, the System Services Charges for Third-Party System Services and optional Starwood System Services may include a profit component.
The Operating Fees, System Services Charges, Reimbursable Expenses and all other amounts payable to Operator or an Affiliate shall be due upon delivery of an invoice by Operator or its Affiliate, and shall be paid to Operator or its Affiliate in U.S. Dollars, in immediately available funds, at the location(s) specified by Operator from time to time.
Owner shall pay all System Services Charges monthly in arrears for all (a) mandatory System Services for the Hotel for the immediately preceding month, and (b) optional System Services for the immediately preceding month for such period during which Owner elects to participate.
All System Services Charges shall be set forth in the Operating Reports.