ACTION OF THE SHOLODGE PARTIES. Each of the ShoLodge Parties has taken all necessary action to authorize the execution, delivery and performance of this Agreement, and upon the execution and delivery of any document to be delivered by any of the ShoLodge Parties on or prior to the Closing Date, such document shall constitute the valid and binding obligation and agreement of such ShoLodge Party, enforceable against such ShoLodge Party in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general application affecting the rights and remedies of creditors.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Sholodge Inc), Purchase and Sale Agreement (Sholodge Inc), Purchase and Sale Agreement (Hospitality Properties Trust)
