Common use of Assumption of Obligations and Liabilities by Assignee Clause in Contracts

Assumption of Obligations and Liabilities by Assignee. Assignee hereby assumes all of the obligations and liabilities of Assignor under each of the Offsite Rights accruing from and after the date hereof.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Capital Lodging), Purchase and Sale Agreement (Capital Lodging)

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Assumption of Obligations and Liabilities by Assignee. Assignee hereby assumes all of the obligations and liabilities of Assignor under each of the Offsite Rights Leases accruing from and after the date hereof.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Highland Hospitality Corp), Purchase and Sale Agreement (Capital Lodging)

Assumption of Obligations and Liabilities by Assignee. Assignee hereby assumes all of the obligations and liabilities of Assignor under each of the Offsite Rights Assumed Contracts accruing from and after the date hereof.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Highland Hospitality Corp), Purchase and Sale Agreement (Capital Lodging)

Assumption of Obligations and Liabilities by Assignee. Assignee hereby assumes all of the obligations and liabilities of Assignor under each of the Offsite Rights Leases arising or accruing from on and after the date hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Capital Lodging)

Assumption of Obligations and Liabilities by Assignee. Assignee hereby assumes all of the obligations and liabilities of Assignor under each of the Offsite Rights Assumed Contracts accruing in respect of any period from and after the date hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Apple REIT Seven, Inc.)

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Assumption of Obligations and Liabilities by Assignee. Assignee hereby assumes all of the obligations and liabilities of Assignor under each of the Offsite Rights accruing from and after the date hereofhereof with respect to each of the Marks, Permits, Warranties, Records, Plans, Reservations and Guest Accounts.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Highland Hospitality Corp)

Assumption of Obligations and Liabilities by Assignee. Assignee hereby assumes all of the obligations and liabilities of Assignor under each of the Offsite Rights Assumed Contracts arising or accruing from on and after the date hereof.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Capital Lodging)

Assumption of Obligations and Liabilities by Assignee. Assignee hereby assumes all of the obligations and liabilities of Assignor under each of the Offsite Rights accruing from and after the date hereofPurchase Agreements.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Capital Lodging)

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