Casualty Notice. If prior to Closing, the Property is damaged by fire or other casualty, Hersha Owner shall reasonably estimate the cost to repair and the time required to complete repairs and will provide Owner JV written notice of Hersha Owner’s estimation and supporting documentation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty but in any event within ten (10) Business Days of the casualty event.
Appears in 6 contracts
Samples: Asset Purchase and Contribution Agreement (Hersha Hospitality Trust), Asset Purchase and Contribution Agreement (Hersha Hospitality Trust), Asset Purchase and Contribution Agreement (Hersha Hospitality Trust)
Casualty Notice. If prior to Closing, the Property is damaged by fire or other casualty, Hersha Owner shall reasonably estimate the cost to repair and the time required to complete repairs and will provide Owner JV written notice of Hersha Owner’s estimation and 22 supporting documentation (the “Casualty Notice”) as soon as reasonably possible after the occurrence of the casualty but in any event within ten (10) Business Days of the casualty event.
Appears in 1 contract
Samples: Asset Purchase and Contribution Agreement (Hersha Hospitality Trust)
