Documents with respect to Franchise Agreements. Notwithstanding any provision in this Agreement to the contrary, at Closing, Parent shall, at Parent’s sole cost and expense (including, without limitation, the payment of any application or assumption fees), execute such documents and take all such action as each Franchisor may require in order to cause the RLJ REITs and their Affiliates to be released from any liability pursuant to each of the Franchise Agreements. In the event that Parent elects or is required to terminate any Franchise Agreement, Parent shall bear all costs, including, without limitation, any termination fee or penalty, in connection therewith.
Appears in 4 contracts
Samples: Merger Agreement (Inland American Real Estate Trust, Inc.), Merger Agreement (Inland American Real Estate Trust, Inc.), Merger Agreement (Inland American Real Estate Trust, Inc.)
