Engagement of Operator Term Clause Samples

Engagement of Operator Term. 2.1. Owner engages Operator, and Operator accepts engagement, as the manager and operator of the Hotel, as Owner's agent, which agency is acknowledged by the parties to be for the benefit of Owner and Operator, upon the terms and conditions of this Agreement. Owner covenants, warrants and represents that during the Term Operator's engagement hereunder shall, subject to any conflicting terms of this Agreement, be exclusive and undisturbed by Owner or any person, corporation or other entity claiming either by, through or under Owner. 2.2. The term of this Agreement shall be the Term unless it is sooner terminated as hereinafter provided. 2.3. Owner covenants, warrants and represents that Operator shall and may peaceably manage and operate the Hotel Unit throughout the Term, free from molestation, eviction or disturbance by Owner or any person, corporation or other entity claiming by, through or under Owner. Owner further promises to pay and discharge, forthwith when due, any charges or other sums payable by Owner in respect of the Hotel Unit (other than Operating Shortfalls that are Operator's obligation under Section 3.4(a) of this Agreement) to assure Operator's quiet and peaceable management and operation thereof, and to undertake and prosecute at its own expense all judicial or other actions required to assure quiet and peaceable management and operation to Operator, in either case so that Operator's operation of the Hotel Unit pursuant to this Agreement will not, in Operator's reasonable judgment, be adversely affected or impaired, or to permit Operator to do the same, after notice to Owner, and charge all costs thereof to Owner, such costs not to be treated as Expenses.
Engagement of Operator Term 

Related to Engagement of Operator Term

  • PERIOD OF OPERATION Subject to certification, this Agreement shall come into force from the first pay period commencing on or after 1st December 2002 and shall remain in force until 31 October 2005.

  • Commencement of Operations The Partnership shall not begin operations on its Leases unless the Managing General Partner is satisfied that necessary title requirements have been satisfied.

  • Statement of Operations Statement of Changes in Net Assets.

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • CONTINUITY OF OPERATION Section 1: No Strikes, Work Stoppages or Lockouts