Common use of Bank and Other Accounts Clause in Contracts

Bank and Other Accounts. Upon Closing, Buyer shall open new bank accounts, credit card accounts and any other financial accounts necessary for the continued operation of the Hotel by Buyer. Buyer agrees that it will not use any credit card, bank accounts or other financial accounts of Seller.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Hersha Hospitality Trust), Purchase and Sale Agreement (Hersha Hospitality Trust), Purchase and Sale Agreement (Hersha Hospitality Trust)

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Bank and Other Accounts. Upon Closing, Buyer shall open new bank accounts, credit card accounts and any other financial accounts necessary for the continued operation of the each Hotel by Buyer. Buyer agrees that it will not use any credit card, bank accounts or other financial accounts of Seller.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hersha Hospitality Trust)

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