Standard Adjustments
Standard Adjustments. Is amended by deleting clause (a) and inserting the following in lieu thereof: "(a) an occupancy rate equal to the lesser of the Project's actual occupancy rate or (i) an eighty percent (80%) occupancy rate for Extended Stay Hotels, or (ii) a seventy-five percent (75%) occupancy rate for all other Hotels."
All Definitions
Found in
WINSTON HOTELS INC contract