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ARTICLE 1 DEFINITIONS

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1.1  8.1(c) Statement

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1.2  Accounting Principles

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1.3  Affiliate

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1.4  Agreed Upon Procedure Letter

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1.5  Authorized Mortgage

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1.6  Arbitration

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1.7  Award

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1.8  Bank Accounts

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1.9  Base Management Fee

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1.10  Base Year

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1.11  Brand

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1.12  Brand Standards

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1.13  Buildings

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1.14  Business Day

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1.15  Capital Replacements

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1.16  Capital Replacements Budget

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1.17  Code

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1.18  Collateral Agency Agreement

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1.19  Collateral Agent

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1.20  Competitor

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1.21  Condemnation

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1.22  Condemnor

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1.23  Consolidated Financials

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1.24  Consumer Price Index

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1.25  Controlling Interest

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1.26  Debt Service Coverage Ratio

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1.27  Deposit

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1.28  Disbursement Rate

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1.29  Effective Date

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1.30  Environmental Laws

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1.31  Environmental Notice

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1.32  Expiration Date

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1.33  Fiscal Month

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1.34  Fiscal Year

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1.35  Furniture, Fixtures and Equipment or FF&E

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1.36  Government Agencies

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1.37  Gross Revenues

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1.38  Guarantor

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1.39  Guaranty

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1.40  Hazardous Substances

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1.41  Hotel

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1.42  HPT

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1.43  IHG

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1.44  Incentive Management Fee

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1.45  Initial Term

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1.46  Initial Working Capital

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1.47  Insurance Requirements

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1.48  Interest Rate

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1.49  Lease

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1.50  Legal Requirements

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1.51  Management Fees

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1.52  Manager

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1.53  Manager Default

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1.54  Manager Event of Default

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1.55  Material Repair

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1.56  New Management Agreement

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1.57  NOI

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1.58  Officers Certificate

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1.59  Opening Date

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1.60  Operating Cost(s)

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1.61  Operating Equipment

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1.62  Operating Profit

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1.63  Operating Standards

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1.64  Operating Supplies

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1.65  Owner

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1.66  Owners Percentage Priority

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1.67  Owners Priority

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1.68  Parent

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1.69  Person

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1.70  Pledged Hotels

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1.71  Priority Coverage Ratio

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1.72  Purchase Agreement

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1.73  Purchaser

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1.74  Renewal Terms

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1.75  Repairs

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1.76  Replacement Property

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1.77  Reservation System

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1.78  Reserve Account

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1.79  Reserve Percentage

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1.80  Residual Distribution

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1.81  Restricted Area

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1.82  Restricted Period

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1.83  Rooms Revenue

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1.84  SARA

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1.85  Secured Obligations

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1.86  Services Fees

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1.87  Sites

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1.88  Subsidiary

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1.89  Substitute Tenant

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1.90  System Marks

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1.91  Term

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1.92  Transaction Documents

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1.93  Transferred Hotels

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1.94  Uniform System of Accounts

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1.95  Ultimate Parent

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1.96  Unsuitable for Its Permitted Use

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1.97  Working Capital

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1.98  Yearly Budget

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ARTICLE 2 SCOPE OF AGREEMENT

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2.1  Engagement of Manager

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2.2  Additional Services

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2.3  Use of Hotels

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2.4  Right to Inspect

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2.5  Right of Offset

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2.6  Condition of the Hotels

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ARTICLE 3 TERM AND RENEWALS

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3.1  Term

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3.2  Renewal Term

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3.3  Owners Termination Right at End of Term

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ARTICLE 4 TITLE TO HOTEL

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4.1  Covenants of Title

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4.2  Non-Disturbance

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4.3  Financing

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4.4  Sale of a Hotel

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4.5  Sale of All the Hotels

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4.6  The Lease

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4.7  Restricted Sale

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ARTICLE 5 REQUIRED FUNDS

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5.1  Working Capital

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5.2  Reserve Account

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5.3  Additional Requirements for Reserve

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5.4  Ownership of Replacements

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5.5  Manager Reserve Advances

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5.6  No Additional Contributions

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ARTICLE 6 BRAND STANDARDS AND MANAGERS CONTROL

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6.1  Brand Standards

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6.2  Managers Control

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6.3  Arbitration

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ARTICLE 7 OPERATION OF THE HOTEL

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7.1  Permits

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