Property Development. LodgeWorks has expended capital (and will continue to expend capital until the Primary Closing) on property development projects relating to the acquisition and development of certain properties (“Development Pipeline”) all as set forth on Exhibit D (which Exhibit may be updated by LodgeWorks before the Primary Closing).
Appears in 2 contracts
Sources: Asset Purchase Agreement (Hyatt Hotels Corp), Asset Purchase Agreement (Hyatt Hotels Corp)