Budgeted HP

Example Definitions of "Budgeted HP"
Budgeted HP. The House Profit as set forth in the Annual Operating Budget for the applicable Fiscal Year, as approved by Lessee and Manager pursuant to Article X hereof.
Found in ASHFORD HOSPITALITY TRUST INC contract
Budgeted HP. The Shall mean the House Profit as set forth in the Annual Operating Budget for the applicable Fiscal Year, as approved by Lessee and Manager pursuant to Article X hereof.
Found in ASHFORD HOSPITALITY TRUST INC contract
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