Guest Baggage. As of the Close of Escrow, Buyer shall indemnify and hold harmless Seller against all Losses with respect to all baggage of departed guests or guests who are still registered at the Hotel on the Closing Date which has been checked with the Hotel. As of the Close of Escrow, Seller shall assign to Buyer all claims and causes of action against the Manager with respect to any Losses with respect to such baggage. Seller agrees to submit to Seller's Insurance any claims for Losses with respect to such baggage which arose from acts or omissions prior to the Closing Date to the extent coverage is available under said insurance and provide Buyer with the proceeds therefrom provided Buyer is not in default under this SECTION 5.7. The provisions of this SECTION 5.7 shall survive the Closing.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Starwood Hotel & Resorts Worldwide Inc), Purchase and Sale Agreement (Starwood Hotel & Resorts Worldwide Inc), Purchase and Sale Agreement and Joint Escrow Instructions (Starwood Hotel & Resorts Worldwide Inc)
Guest Baggage. As of the Close of Escrow, Buyer shall indemnify and hold harmless Seller against all Losses with respect to all baggage of departed guests or guests who are still registered at the Hotel on the Closing Date which has been checked with the Hotel. As of the Close of Escrow, Seller shall assign to Buyer all claims and causes of action against the Manager with respect to any Losses with respect to such baggage. Seller agrees to submit to Seller's Insurance any claims for Losses with respect to such baggage which arose from acts or omissions prior to the Closing Date to the extent coverage is available under said insurance and provide Buyer with the proceeds therefrom provided Buyer is not in default under this SECTION Section 5.7. The provisions of this SECTION Section 5.7 shall survive the Closing.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Aspen Enterprises International Holdings LTD), Purchase and Sale Agreement (Aspen Enterprises International Holdings LTD), Purchase and Sale Agreement (Aspen Enterprises International Holdings LTD)
Guest Baggage. As of the Close of Escrow, Buyer shall indemnify and hold harmless Seller against all Losses with respect to all baggage of departed guests or guests who are still registered at the Hotel on the Closing Date which has been checked with the Hotel. As of the Close of Escrow, Seller shall assign to Buyer all claims and causes of action against the Manager with respect to any Losses with respect to such baggage. Seller agrees to submit to Seller's Insurance any claims for Losses with respect to such baggage which arose from acts or omissions prior to the Closing Date to the extent coverage is available under said insurance and provide Buyer with the proceeds therefrom provided Buyer is not in default under this SECTION 20 5.7. The provisions of this SECTION 5.7 shall survive the Closing.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Starwood Hotel & Resorts Worldwide Inc)
