Common use of Transition Procedures Clause in Contracts

Transition Procedures. Upon any expiration or termination of the Term, but without prejudice to Lessor's remedies upon the occurrence of an Event of Default, Lessor and Lessee shall do the following and, in general, shall cooperate in good faith to effect an orderly transition of the management or lease of the Hotel:

Appears in 2 contracts

Sources: Lease Agreement (Felcor Lodging Trust Inc), Lease Agreement (Bristol Hotels & Resorts Inc)

Transition Procedures. Upon any expiration or termination of the Term, but without prejudice to Lessor's remedies upon the occurrence of an Event of Default, Lessor and Lessee shall do the following and, in general, shall cooperate in good faith to effect an orderly transition of the management or lease of the Hotel:

Appears in 1 contract

Sources: Master Hotel Agreement (Felcor Suite Hotels Inc)