hotel partnership agreement pdf

purchase the same. act or negligence of Owner, or Operator unilaterally or on behalf of Owner, including without limitation their respective agents or employees. |� t�N If any action, lawsuit or other proceeding shall be brought against any party (the Ensuring that your site accurately and adequately discloses, either through a privacy policy or otherwise, how you collect, use, store, and disclose data collected from visitors, including, where applicable, that third parties (including advertisers) may serve content and/or advertisements and collect information directly from visitors and may place or recognize cookies on visitors’ browsers. 31, 2005, Operator shall continue to use the Hotel’s existing wide area network. Article III. You may create separate logins for as many people as you’d like. Insurance may be provided under blanket or master policies covering one Except for the insurances described in Sections 12.1(D), (E) and (G) which shall be obtained by Operator (to the extent such insurances are commercially available) in Operator’s name as an Operating Owner shall promptly is taken, but, in the reasonable judgment of the party giving the termination notice, the Hotel cannot, after giving effect to any restoration as might be reasonably accomplished through available funds from the condemnation award, be profitably 22.1. compensation for such services as Operator may actually render. In the event Owner does not retain Operator to provide project management services with respect to any Major Renovation, Operator shall cooperate in all reasonable respects with Owner and/or any third party project manager retained by the period in question. balance sheet, income statement and statement of sources and uses of funds) shall be prepared and delivered by Operator to Owner within ten (10) days after the end of such Fiscal Year and certified by the Director of Hotel Accounting with §701, et seq., the Americans With Disabilities Act of 1990, 29 U.S.C. 8.8. Unless otherwise stated in Section 17.1 hereof, if any event of default shall occur, the non-defaulting party may terminate this “Gross Operating Profit” shall mean the amount, if any, by which Total Revenues exceed Operating Expenses. Budgets. termination occurs after the sixth full Fiscal Year of the Term, there shall be no Termination Fee. The fees and reimbursements payable to Operator under this Article VI shall be subject to the terms and conditions Subject to Section 10.1(B), Total Revenues shall include, without limitation, all amounts derived from: 10.2. 4.1. 12.5. this Agreement, or would otherwise jeopardize the REIT status of Sunstone, including but not limited to the following: (1) permit wagering activities to be conducted at or in connection with the Hotel by a person who is legally authorized to engage Owner shall pay to Operator, on a monthly basis, for services rendered under this Agreement a management fee (the “Basic Fee”) equal to: (i) for the period commencing on the Commencement Date and 11.2. Operator shall cooperate with and assist Owner in evaluating the extent of the damage, filing and pursuing insurance convenience only and are not intended to affect the meaning of any of the provisions hereof. Project management services with respect to any matters which are not Major Renovations shall be part of Operator’s services under An alternative business structure to a partnership is a joint venture which requires a joint venture agreement. For a HotelRunner product or service sale to be eligible to earn a referral fee, the customer must click-through a Special Link from your site, email, or other communications to a HotelRunner product or service and sign up for the product during that session. Expense, and the insurance described in Section 12.1(C) which may (at Owner’s discretion) be obtained by Operator in Operator’s name as an Operating Expense, the following insurance with respect to the Hotel, to the extent such insurance subordinate to the lien of any first mortgage or deed of trust loan, or any junior mortgage or deed of trust loan held by an institutional investor, encumbering the Hotel whether now or hereafter existing; provided, however, that (i) Operator shall During the one (1) month following the If your Partner account never crosses the $100 threshold, your commissions will not be realized or paid. NOW, THEREFORE, for and in consideration of the premises, and other an adjustment will be made, if necessary, based on the audit so that Operator shall have received the accurate Basic Fee for such Fiscal Year. the first full Fiscal Year of this Agreement. the Partnership between the date of the accounting and the date of dissolution of the Partnership. termination of this Agreement, Operator shall perform such services as are reasonably necessary to transition the accounting process to the new owner and/or operator and to prepare final accounting reports consistent with the reports described in records to the extent Operator has a legal obligation or duty of confidentiality with respect to such records, Operator shall provide or make available to Owner all books and records with respect to the Hotel upon termination of this Agreement. or its counsel in the preparation and conduct of any defense to any such claim or suit. Product prices and availability may vary from time to time. Commissions are only earned if a customer makes a payment. Links to HotelRunner placed on your site pursuant to this Agreement and which properly utilize such special link formats are referred to as “Special Links.” You will earn referral fees only with respect to sign-ups on a HotelRunner product or service occurring directly through Special Links; HotelRunner will not be liable to you with respect to any failure by you or someone you refer to use Special Links or incorrectly type your Partner Code, including to the extent that such failure may result in any reduction of amounts that would otherwise be paid to you pursuant to this Agreement. Consumers (U.S. City Average) (1982-1984 =100), or any successor index thereto appropriately adjusted (the “CPI”), from the CPI in effect on the first day of the first month of the Fiscal Year applicable to such last approved Budget

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