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Assignment For Lesson 3
Assignment For Lesson 3
BSTM 3-2
1.
Operator’s duties under this Agreement. Owner acknowledges and agrees, without limiting the
foregoing, that any failure of Operator or the Hotel to comply with the provisions of any Major
Agreement arising out of (A) the condition of the Hotel, and/or the failure of the Hotel to
comply with the provisions of such Major Agreement, prior to Operator’s assuming the day-to-
day management thereof, (B) construction activities at the Hotel (except to the extent arising
from Operator’s or any Operator Affiliate’s management of same pursuant to Section 3.10
hereof), (C) inherent limitations in the design and/or construction of, location of and/or parking
at the Hotel, and/or (D) instructions from Owner to operate the Hotel in a manner inconsistent
with the Major Agreements shall not be deemed a breach by Operator of its obligations under
this Agreement. Operator shall be entitled to rely on the copies of the franchise agreement
provided by Owner.
Fair Agreement. The Executive acknowledges that, having had the opportunity to discuss the
contents of this Agreement with independent legal counsel, the arrangements described in this
Agreement are fair.
2.