8.2 Conflicts of Interest. The parties acknowledge that, as of the date hereof, (i) the Company and its subsidiaries lease all or substantially all of their real estate from HPT and may enter into additional leases or other transactions with HPT, and (ii) RMR is the investment advisor to HPT pursuant to an advisory agreement. The parties agree that these relationships shall not affect either party’s rights and obligations under this Agreement; provided, however, the Company acknowledges and agrees that whenever any conflicts of interest arise resulting from the relationships described in this subsection 8.2 or any such relationship as may arise or be present in the future by and between the Company and any of RMR, Affiliates of RMR or any publicly owned entity with whom RMR has a relationship or contract: (i) RMR will act on its own behalf and on behalf of HPT or such entity and not on the Company’s behalf, and (ii) the Company shall make its own decisions and require and obtain the advice and assistance of independent third parties at its own cost, as it may deem necessary.
Here's what I find objectionable:
"... whenever any conflicts of interest arise resulting from ... any such relationship as may arise or be present in the future by and between the Company and ... any publicly owned entity with whom RMR has a relationship or contract ... RMR will act on its own behalf and on behalf of ... such entity and not on the Company’s behalf ..."
so if TA deals with ANY other publicly owned entity also advised by RMR, RMR will act on behalf of the other entity, not TA. It seems that TA is at the back of the line of RMR clients--even new clients, I suppose--when it comes to deciding which client is more important to RMR.
I think that TA should give notice by the end of September to fire RMR on 12/31/2009.
3.1 Term. The initial term of this Agreement shall commence on the date hereof and expire on December 31, 2008 (the “Initial Term”) and shall be automatically renewed for successive one-year terms (each, a “Renewal Term”) upon the expiration of the Initial Term and each Renewal Term unless notice of non-renewal is given in writing by the Company or RMR not less than ninety (90) calendar days before the expiration of the Initial Term or any Renewal Term.
Best way to show a company what you think of it is to sell there stock. Get it so low that somebody can't resist a take over ( Like maybe a Blackstone Group)The trucking industry is the Economy with out it you,ll be plowing up your front yard to plant corn and stealing your neighbors chickens, (You Chicken Pickers You) And in line with that falls the truck stop Can't do with out them. And with over a 100 million dollars they don't pay there rent because then HPT would have to give it away to share holders, on paper, or fix there properties,but nope just keep it in the bank and let it earn bonus money, not even a stock buy back. Where i come from they call that being in "CAHOOTS" with each other. Just drive it into the ground and when we finally sell it at bargain basemen prices we will pick up a big bonus. Remember the first rule when dealing with Investment Company's is there money is whats important not yours yours. With all the arm chair investors that come by here, and all there good ideas These companies do not one thing for anybody. With all the T/As in the country and I've seen almost all of them in this country and Canada, The one thing consistent with all of them is they are UNINVITING to the traveler.