Hotel Contracts. Any amounts prepaid or payable under any Hotel Contracts shall be prorated as of the Cut-off Time, provided any Hotel Contract Purchaser elects not to assume shall be terminated by Seller as of the Closing Date and Seller will be responsible for the payment of any sums due under such Hotel Contracts through such termination date and the Closing Date.
Appears in 4 contracts
Samples: Agreement of Sale and Purchase (Host Funding Inc), Agreement of Sale and Purchase (Host Funding Inc), Agreement of Sale and Purchase (Host Funding Inc)
