Extensions of Term. The Term will be extended for the period of time during which the Hotel is not operating due to fire or other casualty. You need not make any payments under Sections 3D(4)(a) and (b) while the Hotel is closed by reason of condemnation or casualty unless you receive insurance proceeds.
Appears in 2 contracts
Sources: Franchise Agreement (Hyatt Hotels Corp), Master Agreement (Equity Inns Inc)