Tag-Along Right
A right set out in the Articles which entitles minority shareholders to participate in a sale of the company’s shares by the majority shareholders on the same terms. See also Drag-Along Right. ...
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Term Sheet
A non-binding short agreement or letter which sets out the key terms on which an investor will agree to make an investment. A Term Sheet forms the basis from which longer binding legal agreements are prepared and agreed. Sometimes al...
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Total Operating Revenue
Total Operating Revenue from all sources including Rooms, F&B, Other Operated Departments and Miscellaneous Income, but excluding Non-Operating Income. ...
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Total RevPAR or TrevPAR
Total Operating Revenue per Available Room. This is distinct from RevPAR which is based only on Rooms Revenue. ...
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TrevPOR
Total Operating Expenses per occupied room. ...
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TSA
Technical Services Agreement – an agreement between an Owner and an Operator for services to be provided to the Owner during the development phase. ...
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