O – Boodle Hatfield – Drive.law

Observer A person nominated by an investor or investors to sit as a non-voting observer at a company’s board meetings. This right is sometimes requested by investors who do not want to be involved in the management of the company but who do want ... read more

Occupancy The percentage of the total number of rooms available which are occupied by guests on any given date. ... read more

OE Either (1) Operating Expenses (e.g. salaries, cost of food, etc) or (2) Operating Equipment (linen, china, glassware, etc). ... read more

Offer Letter See Term Sheet. ... read more

Operating Agreement See Management Agreement. ... read more

Operating Equipment Equipment used in operations, such as linen, china, glassware, silver, uniforms, trolleys and are often (but not exclusively) items that are accounted for as a current expense rather than capital expenditure (compare FF&E). ... read more

Ordinary Shares The basic voting share in the Equity of a company. Ordinary Shares carry one vote per share and entitle the holder to Dividends if and when declared but, unlike Preference Shares, no right to any fixed annual Divid... read more

Operator The hotel management company which manages a hotel under a Management Agreement. ... read more

Option Pool A pool of share capital set aside for employees which is allocated to them through a Share Optionscheme (such as an EMI Scheme). Option Pools commonly represent 5-10% of the overall share capital of a company (but can be more). Early stage... read more

Ordinary Resolution A resolution passed by shareholders who collectively hold a majority of the voting shares in a company. ... read more