Common use of Unsuitable for its Primary Intended Use Clause in Contracts

Unsuitable for its Primary Intended Use. A state or condition of the Hotel such that, in the good faith judgment of Lessee, reasonably exercised and evidenced by the resolution of the board of directors or other governing body of Lessee, due to casualty damage or loss through Condemnation, the Hotel cannot function as an integrated hotel facility consistent with standards applicable to a well maintained and operated hotel.

Appears in 25 contracts

Sources: Hotel Lease Agreement, Hotel Lease Agreement (Moody National REIT I, Inc.), Hotel Lease Agreement (Apple REIT Ten, Inc.)

Unsuitable for its Primary Intended Use. A state or condition of the Hotel Facility (after the application of insurance proceeds if any) such that, in the good faith judgment of Lessee, reasonably exercised and evidenced by the resolution of the board of directors or other governing body of Lessee, due to casualty damage or loss through Condemnation, the Hotel Facility cannot function as an integrated hotel facility consistent with standards applicable to a well maintained and operated hotel.

Appears in 4 contracts

Sources: Master Lease Agreement, Master Lease Agreement (Supertel Hospitality Inc), Master Lease Agreement (Humphrey Hospitality Trust Inc)

Unsuitable for its Primary Intended Use. A state or condition of the --------------------------------------- Hotel such that, in the good faith judgment of Lessee, reasonably exercised and evidenced by the resolution of the board of directors or other governing body of Lessee, due to casualty damage or loss through Condemnation, the Hotel cannot function as an integrated hotel facility consistent with standards applicable to a well maintained and operated hotel.

Appears in 4 contracts

Sources: Master Hotel Lease Agreement (Apple Hospitality Two Inc), Hotel Lease Agreement (Apple Suites Inc), Hotel Lease Agreement (Apple Suites Inc)

Unsuitable for its Primary Intended Use. A state or condition of the Hotel such that, in the good faith judgment of Lessee, reasonably exercised and evidenced by the resolution of the board of directors or other governing body of the entity authorized to act on behalf of Lessee, due to casualty damage or loss through Condemnation, the Hotel cannot function as an integrated hotel facility consistent with standards applicable to a well maintained and operated hotel.

Appears in 3 contracts

Sources: Lease Agreement (Strategic Hotel Capital Inc), Lease Agreement (Strategic Hotel Capital Inc), Lease Agreement (Strategic Hotel Capital Inc)

Unsuitable for its Primary Intended Use. A state or condition of the Hotel --------------------------------------- Facility (after the application of insurance proceeds if any) such that, in the good faith judgment of Lessee, reasonably exercised and evidenced by the resolution of the board of directors or other governing body of Lessee, due to casualty damage or loss through Condemnation, the Hotel Facility cannot function as an integrated hotel facility consistent with standards applicable to a well maintained and operated hotel.

Appears in 1 contract

Sources: Master Lease Agreement (Humphrey Hospitality Trust Inc)