Property Improvement Plan definition

Property Improvement Plan has the meaning provided in Section 4.1(QQ).

Property Improvement Plan means, collectively, those certain property improvement plans for the Properties described on EXHIBIT G and any future Property Improvement Plans required to be implemented by the applicable Franchisor.

Property Improvement Plan or "PIP" shall mean the requirements established by the Franchisor for the Property as a condition of the transfer of the Franchise.

Examples of Property Improvement Plan in a sentence

• All taxes in respect of this contracts shall be payable by the bidder and Government will not entertain any claim whatsoever in this respect.

• IHG/HHF’s forced exclusive use of certain chosen vendors and suppliers imposes well above-market procurement costs on franchisees which include, but are not limited to, those associated with its onerous and exorbitant Property Improvement Plan (“PIP”).

• Member’s properties should be maintained to meet the ‘Decent Homes Standard’ Where it is found that any Category 1 or Category 2 Hazards exist under the Housing Act 2004, members will be issued with a Property Improvement Plan (PIP) and given the opportunity and reasonable timescales to address the works.

• The City of Laredo reserves any and all visible and apparent easements recorded or not recorded, being generally described in attached Exhibit "A", and approving the Post Closure Property Improvement Plan as described in Exhibit "B", which is in compliance with Section 10 of the Street Closing/Sales Policy Handbook, and providing for an effective date.

• There are current plans to invest an additional US$14.7 million in Property Improvement Plan renovations and other capital expenditure in 2019.

More Definitions of Property Improvement Plan

Property Improvement Plan means any property improvement plan implemented with respect to any Borrowing Base Property that is a Hotel Asset pursuant to the terms of any Hotel Agreements.

Property Improvement Plan has the meaning provided in Section 4.1.40 hereof.

Property Improvement Plan or “PIP” means, individually and collectively, the property improvement plan for the Hotel executed by Purchaser and Franchisor at or before the Closing.

Property Improvement Plan means the plan attached hereto as Exhibit R, excluding the Signage, the corrective action of Purchaser required by Section 9.1 and the obligations of Seller in accordance with the Pre-Opening Budget.

Property Improvement Plan means any property improvement plan entered into after the date hereof required under the Franchise Agreement or any Replacement Franchise Agreement.

Property Improvement Plan or “PIP” means any property improvement plan implemented with respect to the Property pursuant to the terms of the Management Agreement or any Franchise Agreement, including, without limitation, the Required PIP.

Property Improvement Plan means all property improvement plans or similar plans, requirements or agreements from time to time affecting the Property either required pursuant to the terms and conditions of the Management Agreement or Franchise Agreement.