Bulk Sale. To the extent such laws are applicable to the transactions contemplated herein, Buyer and Seller waive compliance with the uniform commercial code provisions of the laws of any jurisdiction regarding bulk transfers, and Seller covenants and agrees to pay and discharge when due, unless contested by appropriate proceedings, all creditors and all liabilities of Seller pertaining to the Property.
Appears in 12 contracts
Samples: Agreement of Purchase and Sale (Apple REIT Seven, Inc.), Agreement of Purchase and Sale (Apple REIT Seven, Inc.), Agreement of Purchase and Sale (Apple REIT Seven, Inc.)
Bulk Sale. To the extent such laws are applicable to the transactions contemplated herein, Buyer and Seller waive compliance with the uniform commercial code provisions of the laws of any jurisdiction regarding bulk transfers, and Seller covenants and agrees to pay and discharge when due, unless contested by appropriate proceedings, all creditors and all liabilities of Seller pertaining to the PropertyProperties.
Appears in 4 contracts
Samples: Agreement of Purchase and Sale (Apple REIT Eight, Inc.), Agreement of Purchase and Sale (Apple REIT Nine, Inc.), Agreement of Purchase and Sale (Apple REIT Seven, Inc.)
Bulk Sale. To the extent such laws are applicable to the transactions contemplated herein, Buyer and Seller waive compliance with the uniform commercial code provisions of the laws of any jurisdiction regarding bulk transfers, and Seller covenants and agrees to pay and discharge when due, unless contested by appropriate proceedings, all creditors and all liabilities of Seller pertaining to the PropertyBusiness that are not among the Assumed Liabilities.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Orlando Predators Entertainment Inc)
