This Consulting Services Agreement involves
Title: FIRST AMENDMENT TO AMENDED AND RESTATED MANAGEMENT
Industry: Real Estate Operations Sector: Services
FIRST AMENDMENT TO AMENDED AND
THIS FIRST AMENDMENT TO AMENDED AND RESTATED MANAGEMENT AGREEMENT (this “ Amendment ”) is made and entered into as of December 21, 2006 by and between: (i) IHG MANAGEMENT (MARYLAND) LLC, a Maryland limited liability company (“ IHG Maryland ”) , and INTERCONTINENTAL HOTELS GROUP (CANADA), INC., a corporation under the laws of Ontario, Canada (“ IHG Canada ”, and together with IHG Maryland, collectively, “ Manager ”), and (ii) HPT TRS IHG-2, INC., a Maryland corporation (“Owner”).
WHEREAS, Manager and Owner entered into that certain Amended and Restated Management Agreement, dated as of January 6, 2006 (the “ Management Agreement ”); and
WHEREAS, Manager and owner wish to amend the Management Agreement to modify the definition of Base Priority Amount;
NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which are herein acknowledged, Owner and Manager, intending to be legally bound, hereby agree as follows:
1. Capitalized terms used in this Amendment and not otherwise defined herein shall have the meaning ascribed thereto in the Management Agreement.
2. Section 1.30 of the Management Agreement is deleted in its entirety and replaced with the . following:
1.30 “ Base Priority Amoun