Buyer’s Right to Terminate. If Seller fails to Remove any Title Objection (other than Required Removal Items) prior to Closing that it has agreed to remove pursuant to subsection (A) above, then Buyer shall be able to Terminate this Agreement by written notice to Seller on or prior to the Closing Date and thereafter the parties shall have no further rights or obligations hereunder except for those which expressly survive any such termination.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Intercontinental Hotels Group PLC /New/), Management Agreement (Hospitality Properties Trust)
Buyer’s Right to Terminate. If Seller fails to Remove or cause to be removed any Title Objection (other than Required Removal Items) prior to Closing that it has agreed to remove (or cause to be removed) pursuant to subsection (A) above, then Buyer Buyer's sole remedy shall be able to Terminate this Agreement by written notice to Seller on or prior to the Closing Date Date, and thereafter the parties shall have no further rights or obligations hereunder except for those which expressly survive any such termination.
Appears in 1 contract
Samples: Stock Purchase Agreement (Hospitality Properties Trust)
Buyer’s Right to Terminate. If Seller fails to Remove any Title Objection (other than Required Removal Items) prior to Closing that it has agreed to remove pursuant to subsection (A) above, then Buyer shall be able to Terminate this Agreement by written notice to Seller on or prior to the Closing Date and thereafter the parties shall have no further rights or obligations hereunder hereunder, except for those which expressly survive any such termination.
Appears in 1 contract
Samples: Management Agreement (Hospitality Properties Trust)
Buyer’s Right to Terminate. If Seller fails to Remove or cause to be removed any Title Objection (other than Required Removal Items) prior to Closing that it has agreed to remove (or cause to be removed) pursuant to subsection (A) above, then Buyer Buyer’s sole remedy shall be able to Terminate this Agreement by written notice to Seller on or prior to the Closing Date Date, and thereafter the parties shall have no further rights or obligations hereunder except for those which expressly survive any such termination.
Appears in 1 contract
Samples: Stock Purchase Agreement (Intercontinental Hotels Group PLC /New/)
Buyer’s Right to Terminate. If Seller fails to Remove or cause to be removed any Title Objection (other than Required Removal Items) prior to Closing that it has agreed to remove (or cause to be removed) pursuant to subsection (A) above, then Buyer Buyer's sole remedy shall be able to Terminate this Agreement by written notice to Seller on or prior to the Closing Date Date, and thereafter the parties shall have no further rights or obligations hereunder hereunder, except for those which expressly survive any such termination.
Appears in 1 contract
Samples: Stock Purchase Agreement (Hospitality Properties Trust)