Guest Baggage. All baggage of guests who are still in the Hotel on the Closing Date, which has been checked with or left in the care of Seller, Operating Lessee or Manager shall be inventoried, sealed, and tagged jointly by Seller and Purchaser on the Closing Date. Purchaser hereby indemnifies Seller and Operating Lessee and their respective Indemnitees against any Liabilities in connection with such inventoried baggage arising out of the acts of omissions of Purchaser or any of their respective Affiliates (or any of their employees or agents) after the Closing Date. Seller hereby indemnifies Purchaser and its Indemnitees against any Liabilities in connection with such baggage arising out of the acts or omissions of Manager, Seller or any of its Affiliates (or any of their employees or agents) prior to the Closing Date. The provisions of this Section 14.01(c) shall survive the Closing.
Appears in 2 contracts
Samples: Agreement for Sale and Purchase of Hotel, Agreement for Sale and Purchase of Hotel (Strategic Hotels & Resorts, Inc)
Guest Baggage. All baggage of guests who are still in the Hotel on as of the Closing Date, Cut-off Time which has been checked with or left in the care of Seller, Operating Lessee Seller or Manager shall be inventoried, sealed, and tagged jointly by Seller and Purchaser on the Closing Date. Purchaser hereby indemnifies Seller and Operating Lessee and their respective its Indemnitees against any Liabilities in connection with such inventoried baggage arising out of the acts of omissions of Purchaser or any of their respective Affiliates (or any of their employees or agents) after the Closing DateClosing. Seller hereby indemnifies Purchaser and its Indemnitees against any Liabilities in connection with such baggage arising out of the acts or omissions of Manager, Seller or any of its Affiliates (or any of their employees or agents) prior to the Closing DateClosing. The provisions of this Section 14.01(c14.01(a) shall survive the Closing.
Appears in 2 contracts
Samples: Agreement for Sale and Purchase of Hotel (Moody National REIT I, Inc.), Agreement for Sale and Purchase
Guest Baggage. All baggage baggage, boxes and similar items of guests who are still in the Hotel on the Closing Date, which has been checked with or left in the care of Seller, Operating Lessee or Manager Seller shall be inventoried, sealed, and tagged jointly by Seller and Purchaser on the Closing Date. Purchaser shall be responsible for and hereby indemnifies Seller and Operating Lessee and their respective Indemnitees its Indemnified Parties against any Liabilities in connection with such inventoried baggage arising out of the acts of omissions of Purchaser or any of their respective its Affiliates (or any of their employees or agents) after the Closing Date. Seller hereby indemnifies Purchaser and its Indemnitees Indemnified Parties against any Liabilities in connection with such baggage arising out of the acts or omissions of Manager, Seller or any of its Affiliates (or any of their employees or agents) prior to the Closing Date. The provisions of this Section 14.01(c) 12.02 shall survive the Closing.
Appears in 1 contract
Samples: Hotel Purchase and Sale Agreement (Boykin Lodging Co)
Guest Baggage. All baggage of guests who are still in the Hotel on Hotels as of the Closing Date, Cut-off Time which has been checked with or left in the care of Seller, Operating Lessee Seller or Manager shall be inventoried, sealed, and tagged jointly by Seller and Purchaser on the Closing Date. Purchaser hereby indemnifies Seller and Operating Lessee and their respective its Indemnitees against any Liabilities in connection with such inventoried baggage arising out of the acts of omissions of Purchaser or any of their respective Affiliates (or any of their employees or agents) after the Closing DateClosing. Seller hereby indemnifies Purchaser and its Indemnitees against any Liabilities in connection with such baggage arising out of the acts or omissions of Manager, Seller or any of its Affiliates (or any of their employees or agents) prior to the Closing DateClosing. The provisions of this Section 14.01(c14.01(a) shall survive the Closing.
Appears in 1 contract
Samples: Agreement for Sale and Purchase (American Realty Capital Hospitality Trust, Inc.)