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Lease Agreement

 

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Title:

Lease Agreement

Entities:

Hospitality Properties Trust; InterContinental Hotels Group plc; Intercontinental Hotels Group Resources, Inc.

Date:

2005

Size:

198KB total

Price:

$56

ID:

#1009451

 

 

► Leasing ► Lease Agreements
► Services ► Hotels & Motels
► Real Estate
► Miscellany

 

 

Start of Preview

 

LEASE AGREEMENT

 

Dated as of February 16, 2005

 

By and Between

 

HPT IHG PR, INC.,

AS LANDLORD,

 

AND

 

INTERCONTINENTAL HOTELS (PUERTO RICO) INC.,

AS TENANT

 


 

TABLE OF CONTENTS

 

ARTICLE 1  DEFINITIONS

1.1

 

Additional Charges

 

 

 

1.2

 

Additional Rent

 

 

 

1.3

 

Affiliate or Affiliated Person

 

 

 

1.4

 

Agreed Upon Procedure Letter

 

 

 

1.5

 

Agreement

 

 

 

1.6

 

Applicable Law

 

 

 

1.7

 

Applicable Percentage

 

 

 

1.8

 

Arbitration

 

 

 

1.9

 

Award

 

 

 

1.10

 

Base Total Hotel Sales

 

 

 

1.11

 

Base Year

 

 

 

1.12

 

Business Day

 

 

 

1.13

 

Capital Addition

 

 

 

1.14

 

Capital Expenditure

 

 

 

1.15

 

Capital Replacements

 

 

 

1.16

 

Claim

 

 

 

1.17

 

Code

 

 

 

1.18

 

Commencement Date

 

 

 

1.19

 

Condemnation

 

 

 

1.20

 

Condemnor

 

 

 

1.21

 

Consumer Price Index

 

 

 

1.22

 

Debt Service Coverage Ratio

 

 

 

1.23

 

Default

 

 

 

1.24

 

Disbursement Rate

 

 

 

1.25

 

Easement Agreement

 

 

 

1.26

 

Entity

 

 

 

1.27

 

Environment

 

 

 

1.28

 

Environmental Laws

 

 

 

1.29

 

Event of Default

 

 

 

1.30

 

Excess Total Hotel Sales

 

 

 

1.31

 

Expiration Date

 

 

 

1.32

 

Extended Terms

 

 

 

1.33

 

FF&E Estimate

 

 

 

1.34

 

FF&E Reserve

 

 

 

1.35

 

Financial Officers Certificate

 

 

 

1.36

 

Fiscal Month

 

 

 

1.37

 

Fiscal Year

 

 

 

1.38

 

Fixed Term

 

 

 

1.39

 

Fixtures

 

 

 

1.40

 

GAAP

 

 

 

1.41

 

Government Agencies

 

 

 

1.42

 

Guarantor

 

 

 

1.43

 

Guaranty

 

 

 

 

i


 

1.44

 

Hazardous Substances

 

 

1.45

 

Hotel

 

 

1.46

 

Hotel Mortgage

 

 

1.47

 

Hotel Mortgagee

 

 

1.48

 

IHG

 

 

1.49

 

Impositions

 

 

1.50

 

Insurance Requirements

 

 

1.51

 

Interest Rate

 

 

1.52

 

Land

 

 

1.53

 

Landlord

 

 

1.54

 

Landlord Liens

 

 

1.55

 

Landlords Taxes

 

 

1.56

 

Lease year

 

 

1.57

 

Leased Improvements

 

 

1.58

 

Leased Intangible Property

 

 

1.59

 

Leased Personal Property

 

 

1.60

 

Lien

 

 

1.61

 

Managed Hotels

 

 

1.62

 

Material Repair

 

 

1.63

 

Minimum Rent

 

 

1.64

 

New Management Agreement

 

 

1.65

 

NOI

 

 

1.66

 

Notice

 

 

1.67

 

Officers Certificate

 

 

1.68

 

Operating Costs

 

 

1.69

 

Parent