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 Primary Manager, Owner or Wyndham, or (ii) any action taken by a Mortgagee in connection with a Foreclosure, which in either case restricts or prevents Submanager, in a material and adverse manner, from operating the Hotel in accordance with System Standards (including without limitation, any restrictions on expenditures by Submanager from the Operating Accounts or from the FF&E Reserve, other than restrictions which are set forth in this Agreement), Submanager shall be entitled, at its option, to terminate this Agreement upon sixty (60) days' written notice to Primary Manager. The foregoing shall not reduce or otherwise affect the rights of the parties under either Article IX or Section 11.11.I.