Common use of System Standards Clause in Contracts

System Standards. In the event of either (i) a Legal Requirement, including an order, judgment or directive by a court or administrative body which is issued in connection with any Litigation involving Owner or Lessee, or (ii) any action taken by a Mortgagee in connection with a Foreclosure, which in either case restricts or prevents Manager, in a material and adverse manner, from operating the Hotel in accordance with System Standards (including without limitation, any restrictions on expenditures by Manager from the Operating Accounts or from the FF&E Reserve, other than restrictions which are set forth in this Agreement), Manager shall be entitled, at its option, to terminate this Agreement upon sixty (60) days' written notice to Lessee, but only if Marriott has terminated the Submanagement Agreement pursuant to the comparable provision of the Submanagement Agreement. The foregoing shall not reduce or otherwise affect the rights of the parties under either Article IX or Section 11.11.I.

Appears in 2 contracts

Sources: Management Agreement (Wyndham International Inc), Management Agreement (Interstate Hotels Management Inc)