Existing License Agreements. The Existing License Agreements are valid and in full force and effect as of the date hereof and will remain so until the Closing. Until the Closing, Franchisor will not be in default thereunder (with or without the giving of any required notice and/or lapse of time).
Appears in 3 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Hyatt Hotels Corp), Asset Purchase Agreement (Hyatt Hotels Corp)
Existing License Agreements. The Existing License Agreements are valid and in full force and effect as of the date hereof and will remain so until the Closing. Until the Closing, Franchisor Sellers will not be in default thereunder (with or without the giving of any required notice and/or lapse of time).
Appears in 3 contracts
Samples: Asset Purchase Agreement, Asset Purchase Agreement (Hyatt Hotels Corp), Asset Purchase Agreement (Hyatt Hotels Corp)
