Common use of Hotel Documents Clause in Contracts

Hotel Documents. (a) As soon as practicable but in no event later than December 20, 1996, Seller, at Seller's sole cost and expense, will deliver to Purchaser true, correct and complete copies of the following, together with all amendments, modifications, renewals or extensions thereof: (i) All Licenses; (ii) All Service Contracts and a schedule of such Service Contracts (the "Schedule of Service Contracts"); (iii) All Leases (other than guest or room booking and reservation contracts), a schedule of such Leases (the "Schedule of Leases") and all agreements for real estate commissions, brokerage fees, finder's fees or other compensation payable by Seller in connection therewith which would be binding on Purchaser after Closing; (iv) A list of all current Hotel employees and their salaries or wages and a general description of the employment benefits available to the employees as a group, and copies of all employment agreements and/or union contracts, if any; (v) The Franchise Agreement and a current deficiency report and the two most recent inspection reports of the franchiser of the Hotel; (b) As soon as practicable but in no event later than December 27, 1996, Seller, at Seller's sole cost and expense, will deliver to Purchaser true, correct and complete copies of the following, together with all amendments, modifications, renewals or extensions thereof: (i) All Warranties relating to the Hotel or any part thereof which are still in effect; (ii) To the extent in Seller's possession and without any requirement to compile any new statements, financial statements, balance sheets, income statements, general ledgers (provided however that Seller shall not be required to deliver copies of general ledgers to Purchaser but Seller shall allow Purchaser and Purchaser's representatives reasonable access to on-site copies of such general ledgers), budgets and Federal and State income tax returns for the Hotel, for the current year to date and each of the five (5) years prior to the year of this Agreement (the "Financial Statements"), including the itemization of A. annual insurance premiums for each such year for fire, extended coverage, workers' compensation, vandalism and malicious mischief, general liability, business interruption, rents and other forms of insurance shown thereon; B. expenses incurred for water, electricity, natural gas, sewer and other utility charges; C. total rents and revenues collected from tenants and from hotel guests and other patrons of the Hotel; D. management fees; E. maintenance, repairs and other expenses relating to the management and operation of the Hotel; F. historical occupancy statistics for the Hotel; and G. all capital expenditures made during the aforementioned periods; (iii) All of the most recent real estate and personal property tax statements with respect to the Hotel and notices of appraised value for the Land and Improvements; (iv) To the extent available to Seller in its existing files, all engineering and architectural plans, drawings and specifications relating to the Hotel, as well as copies of any environmental reports, boundary surveys, engineering reports and subsurface studies affecting the Hotel. If the Hotel is purchased by Purchaser, all such documents and information shall, subject to the terms of any agreements with the professionals who rendered said reports, thereupon be and become the property of Purchaser without payment of any additional consideration therefor; provided, however, in the event that the Closing does not actually occur, Purchaser shall return such information to Seller; (v) A rent roll including for each Lease A. the name of the tenant; B. the suite; C. the base rental rate; D. the amount of prepaid rent; E. the amount of each security deposit; F. the applicable percentage rental rate, if any, and the means of calculation thereof; G. the date of the Lease; and H. the expiration date of the Lease; (vi) To the extent in Seller's possession or control, all written notices received from governmental authorities in connection with the Hotel; (vii) All FF&E Leases and a schedule of such FF&E Leases (the "Schedule of FF&E Leases"); (viii) A schedule of the Deposits and the Utility Reservations (the "Schedule of Deposits and Utility Reservations"); (ix) Copies of the existing insurance policies covering the Hotel; (x) An unaudited balance sheet (the "Balance Sheet") of the Hotel as of November 30, 1996 (the "Balance Sheet Date"), listing all liabilities, accounts payable and accounts receivable of the Hotel as of such date. The Balance Sheet will be prepared and certified by management to be A. in accordance with the books and records of the Hotel, and B. to fairly present the financial condition of the Hotel at the Balance Sheet Date; (xi) A schedule of any litigation, arbitration or administrative proceedings pending or material threatened (in writing) with respect to the Hotel; and (xii) To the extent available from Seller's existing files, such other documents or information as may be reasonably requested by Purchaser no later than ten (10) days after Seller's receipt of a written request therefor. Seller shall promptly notify Purchaser in writing upon one of Seller's Representatives learning of any material inaccuracy, misstatement or omission in any of the information furnished to Purchaser and shall supply Purchaser with updated information or schedules, as required.

Appears in 1 contract

Samples: Hotel Purchase Agreement (American General Hospitality Corp)

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Hotel Documents. (a) As soon as practicable but in no event later than December 20, 1996ten (10) days after the execution hereof, Seller, at Seller's sole cost and expense, will will, to the extent not heretofore delivered to Purchaser pursuant to the Agreement and Plan of Merger dated as of July 21, 1997 by and among Purchaser, WHC Acquisition Corporation, and ClubHouse Hotels, Inc., Davix X. Xxxx xxx Rolaxx X. Xxxples (the "Merger Agreement"), deliver to Purchaser true, correct and complete copies (or where specifically indicated, original counterparts) of the following, together with all amendments, modifications, renewals or extensions thereof: (i) All LicensesWarranties relating to the Hotel or any part thereof which are still in effect; (ii) [DELETED] (iii) All Service Licenses; (iv) [DELETED] (v) To the extent in Seller's possession or control or readily obtainable without material expense, all engineering and architectural plans, drawings and specifications relating to the Hotel, as well as copies of any environmental reports, boundary and/or improvements surveys, engineering reports and subsurface studies affecting the Hotel. (vi) All Services Contracts and a schedule of such Service Contracts including, without limitation, a schedule of media and advertising commitments and programs (the "Schedule of Service Contracts"); (iiivii) All Leases (other than guest or room booking and reservation contracts)Leases, a schedule of such Leases (the "Schedule of Leases") and all agreements for real estate commissions, brokerage fees, finder's fees or other compensation payable by Seller in connection therewith which would be binding on Purchaser after Closing; (iv) A list of all current Hotel employees and their salaries or wages and a general description of the employment benefits available to the employees as a group, and copies of all employment agreements and/or union contracts, if any; (v) The Franchise Agreement and a current deficiency report and the two most recent inspection reports of the franchiser of the Hotel; (b) As soon as practicable but in no event later than December 27, 1996, Seller, at Seller's sole cost and expense, will deliver to Purchaser true, correct and complete copies of the following, together with all amendments, modifications, renewals or extensions thereof: (i) All Warranties relating to the Hotel or any part thereof which are still in effect; (ii) To the extent in Seller's possession and without any requirement to compile any new statements, financial statements, balance sheets, income statements, general ledgers (provided however that Seller shall not be required to deliver copies of general ledgers to Purchaser but Seller shall allow Purchaser and Purchaser's representatives reasonable access to on-site copies of such general ledgers), budgets and Federal and State income tax returns for the Hotel, for the current year to date and each of the five (5) years prior to the year of this Agreement (the "Financial Statements"), including the itemization of A. annual insurance premiums for each such year for fire, extended coverage, workers' compensation, vandalism and malicious mischief, general liability, business interruption, rents and other forms of insurance shown thereon; B. expenses incurred for water, electricity, natural gas, sewer and other utility charges; C. total rents and revenues collected from tenants and from hotel guests and other patrons of the Hotel; D. management fees; E. maintenance, repairs and other expenses relating to the management and operation of the Hotel; F. historical occupancy statistics for the Hotel; and G. all capital expenditures made during the aforementioned periods; (iii) All of the most recent real estate and personal property tax statements with respect to the Hotel and notices of appraised value for the Land and Improvements; (iv) To the extent available to Seller in its existing files, all engineering and architectural plans, drawings and specifications relating to the Hotel, as well as copies of any environmental reports, boundary surveys, engineering reports and subsurface studies affecting the Hotel. If the Hotel is purchased by Purchaser, all such documents and information shall, subject to the terms of any agreements with the professionals who rendered said reports, thereupon be and become the property of Purchaser without payment of any additional consideration therefor; provided, however, in the event that the Closing does not actually occur, Purchaser shall return such information to Seller; (v) A rent roll including for each Lease A. the name of the tenant; B. the suite; C. the base rental rate; D. the amount of prepaid rent; E. the amount of each security deposit; F. the applicable percentage rental rate, if any, and the means of calculation thereof; G. the date of the Lease; and H. the expiration date of the Lease; (vi) To the extent in Seller's possession or control, all written notices received from governmental authorities in connection with the Hotel; (vii) All FF&E Leases and a schedule of such FF&E Leases (the "Schedule of FF&E Leases"); (viii) A schedule of the Deposits and the Utility Reservations (the "Schedule of Deposits and Utility Reservations"); (ix) Copies of the existing insurance policies covering the Hotel; (x) An unaudited balance sheet (the "Balance Sheet") of the Hotel as of November 30, 1996 (the "Balance Sheet Date"), listing all liabilities, accounts payable and accounts receivable of the Hotel as of such date. The Balance Sheet will be prepared and certified by management to be A. in accordance with the books and records of the Hotel, and B. to fairly present the financial condition of the Hotel at the Balance Sheet Date; (xi) A schedule of any litigation, arbitration or administrative proceedings pending or material threatened (in writing) with respect to the Hotel; and (xii) To the extent available from Seller's existing files, such other documents or information as may be reasonably requested by Purchaser no later than ten (10) days after Seller's receipt of a written request therefor. Seller shall promptly notify Purchaser in writing upon one of Seller's Representatives learning of any material inaccuracy, misstatement or omission in any of the information furnished to Purchaser and shall supply Purchaser with updated information or schedules, as required.

Appears in 1 contract

Samples: Hotel Purchase Agreement (Wyndham Hotel Corp)

Hotel Documents. (a) As soon as practicable but in no event later than December 20, 1996, Seller, at Seller's sole cost and expense, will deliver to Purchaser true, correct and complete copies of the following, together with all amendments, modifications, renewals or extensions thereof: (i) All Licenses; (ii) All Service Contracts and a schedule of such Service Contracts (the "Schedule of Service Contracts"); (iii) All Leases (other than guest or room booking and reservation contracts), a schedule of such Leases (the "Schedule of Leases") and all agreements for real estate commissions, brokerage fees, finder's fees or other compensation payable by Seller in connection therewith which would be binding on Purchaser after Closing; (iv) A list of all current Hotel employees and their salaries or wages and a general description of the employment benefits available to the employees as a group, and copies of all employment agreements and/or union contracts, if any; (v) The Franchise Agreement and a current deficiency report and the two most recent inspection reports of the franchiser of the Hotel; (b) As soon as practicable but in no event later than December 27, 1996, Seller, at Seller's sole cost and expense, will deliver to Purchaser true, correct and complete copies of the following, together with all amendments, modifications, renewals or extensions thereof: (i) All Warranties relating to the Hotel or any part thereof which are still in effect; (ii) To the extent in Seller's possession and without any requirement to compile any new statements, financial statements, balance sheets, income statements, general ledgers (provided however provided, however, that Seller shall not be required to deliver copies of general ledgers to Purchaser but Seller shall allow Purchaser and Purchaser's representatives reasonable access to on-site copies of such general ledgers), budgets and Federal and State income tax returns for the Hotel, for the current year to date and each of the five (5) years prior to the year of this Agreement (the "Financial Statements"), including the itemization of A. annual insurance premiums for each such year for fire, extended coverage, workers' compensation, vandalism and malicious mischief, general liability, business interruption, rents and other forms of insurance shown thereon; B. expenses incurred for water, electricity, natural gas, sewer and other utility charges; C. total rents and revenues collected from tenants and from hotel guests and other patrons of the Hotel; D. management fees; E. maintenance, repairs and other expenses relating to the management and operation of the Hotel; F. historical occupancy statistics for the Hotel; and G. all capital expenditures made during the aforementioned periods; (iii) All of the most recent real estate and personal property tax statements with respect to the Hotel and notices of appraised value for the Land and Improvements; (iv) To the extent available to Seller in its existing files, all engineering and architectural plans, drawings and specifications relating to the Hotel, as well as copies of any environmental reports, boundary surveys, engineering reports and subsurface studies affecting the Hotel. If the Hotel is purchased by Purchaser, all such documents and information shall, subject to the terms of any agreements with the professionals who rendered said reports, thereupon be and become the property of Purchaser without payment of any additional consideration therefor; provided, however, in the event that the Closing does not actually occur, Purchaser shall return such information to Seller; (v) A rent roll including for each Lease A. the name of the tenant; B. the suite; C. the base rental rate; D. the amount of prepaid rent; E. the amount of each security deposit; F. the applicable percentage rental rate, if any, and the means of calculation thereof; G. the date of the Lease; and H. the expiration date of the Lease; (vi) To the extent in Seller's possession or control, all written notices received from governmental authorities in connection with the Hotel; (vii) All FF&E Leases and a schedule of such FF&E Leases (the "Schedule of FF&E Leases"); (viii) A schedule of the Deposits and the Utility Reservations (the "Schedule of Deposits and Utility Reservations"); (ix) Copies of the existing insurance policies covering the Hotel; (x) An unaudited balance sheet (the "Balance Sheet") of the Hotel as of November 30, 1996 (the "Balance Sheet Date"), listing all liabilities, accounts payable and accounts receivable of the Hotel as of such date. The Balance Sheet will be prepared and certified by management to be A. in accordance with the books and records of the Hotel, and B. to fairly present the financial condition of the Hotel at the Balance Sheet Date; (xi) A schedule of any litigation, arbitration or administrative proceedings pending or material threatened (in writing) with respect to the Hotel; and (xii) To the extent available from Seller's existing files, such other documents or information as may be reasonably requested by Purchaser no later than ten (10) days after Seller's receipt of a written request therefor. Seller shall promptly notify Purchaser in writing upon one of Seller's Representatives learning of any material inaccuracy, misstatement or omission in any of the information furnished to Purchaser and shall supply Purchaser with updated information or schedules, as required.

Appears in 1 contract

Samples: Hotel Purchase Agreement (American General Hospitality Corp)

Hotel Documents. (a) As soon as practicable but in no event later than December 20, 1996--------------- ten (10) days after the execution hereof, Seller, at Seller's sole cost and expense, will deliver to Purchaser true, correct and complete copies (or where specifically indicated, original counterparts) of the following, together with all amendments, modifications, renewals or extensions thereof: (i) All LicensesWarranties relating to the Hotel or any part thereof which are still in effect; (ii) Financial statements, operating statements, budgets and Federal and State income tax returns for the Hotel, to the extent that such items have been prepared, for the current year to date and each of the years prior to the year of this Agreement that Seller has owned the Hotel (the "Financial Statements"), and, to the extent not reflected in such items and reasonably available to Seller, itemization of (1) annual insurance premiums for HOTEL PURCHASE AGREEMENT - Page 8 ------------------------ each such year for fire, extended coverage, workers' compensation, vandalism and malicious mischief, general liability, business interruption, rents and other forms of insurance shown thereon; (2) expenses incurred for water, electricity, natural gas, sewer and other utility charges; (3) total rents and revenues collected from tenants and from hotel guests and other patrons of the Hotel; (4) management fees; (5) maintenance, repairs and other expenses relating to the management and operation of the Hotel; (6) historical occupancy statistics for the Hotel; and (7) all capital expenditures made during the aforementioned periods; further, to the extent in Seller's possession, Seller shall deliver all items of the nature of the Financial Statements and other itemizations as above described for the period prior to the date that Seller acquired the Hotel but Seller expressly disclaims any representation or warranty with respect to any such items; (iii) All Service Licenses; (iv) All of the most recent real estate and personal property tax statements with respect to the Hotel and notices of appraised value for the Land and Improvements; (v) That certain suvey prepared by S.D. Xxxxxxx & Assoc., Inc., dated July 25, 1995, and, to the extent in Seller's possession or control or readily obtainable without material expense, all engineering and architectural plans, drawings and specifications relating to the Hotel, as well as copies of any environmental reports, boundary and/or improvements surveys, engineering reports and subsurface studies affecting the Hotel. If the Hotel is purchased by Purchaser, to the extent assignable, all such documents and information shall thereupon be and become the property of Purchaser without payment of any additional consideration therefor; provided, however, in the event that the Closing does not actually occur, Purchaser shall return such information to Seller; (vi) All Services Contracts and a schedule of such Service Contracts including, without limitation, a schedule of media and advertising commitments and programs (the "Schedule of Service Contracts"); (iiivii) All Leases (other than guest or room booking and reservation contracts)Leases, a schedule of such Leases (the "Schedule of Leases") and all agreements for real estate commissions, brokerage fees, finder's fees or other compensation payable by Seller in connection therewith which would be binding on Purchaser after Closing; (ivviii) A list of all current Hotel employees and their salaries or wages and a general description of the employment benefits available to the employees as a group, and copies of all employment agreements and/or union contracts, if any;[Deleted] (v) The Franchise Agreement and a current deficiency report and the two most recent inspection reports of the franchiser of the Hotel; (b) As soon as practicable but in no event later than December 27, 1996, Seller, at Seller's sole cost and expense, will deliver to Purchaser true, correct and complete copies of the following, together with all amendments, modifications, renewals or extensions thereof: (i) All Warranties relating to the Hotel or any part thereof which are still in effect; (ii) To the extent in Seller's possession and without any requirement to compile any new statements, financial statements, balance sheets, income statements, general ledgers (provided however that Seller shall not be required to deliver copies of general ledgers to Purchaser but Seller shall allow Purchaser and Purchaser's representatives reasonable access to on-site copies of such general ledgers), budgets and Federal and State income tax returns for the Hotel, for the current year to date and each of the five (5) years prior to the year of this Agreement (the "Financial Statements"), including the itemization of A. annual insurance premiums for each such year for fire, extended coverage, workers' compensation, vandalism and malicious mischief, general liability, business interruption, rents and other forms of insurance shown thereon; B. expenses incurred for water, electricity, natural gas, sewer and other utility charges; C. total rents and revenues collected from tenants and from hotel guests and other patrons of the Hotel; D. management fees; E. maintenance, repairs and other expenses relating to the management and operation of the Hotel; F. historical occupancy statistics for the Hotel; and G. all capital expenditures made during the aforementioned periods; (iii) All of the most recent real estate and personal property tax statements with respect to the Hotel and notices of appraised value for the Land and Improvements; (iv) To the extent available to Seller in its existing files, all engineering and architectural plans, drawings and specifications relating to the Hotel, as well as copies of any environmental reports, boundary surveys, engineering reports and subsurface studies affecting the Hotel. If the Hotel is purchased by Purchaser, all such documents and information shall, subject to the terms of any agreements with the professionals who rendered said reports, thereupon be and become the property of Purchaser without payment of any additional consideration therefor; provided, however, in the event that the Closing does not actually occur, Purchaser shall return such information to Seller; (v) A rent roll including for each Lease A. the name of the tenant; B. the suite; C. the base rental rate; D. the amount of prepaid rent; E. the amount of each security deposit; F. the applicable percentage rental rate, if any, and the means of calculation thereof; G. the date of the Lease; and H. the expiration date of the Lease; (viix) To the extent in Seller's possession or control, all written notices received from governmental authorities in connection with the HotelHotel within the most recent twelve (12) months; (viix) A list of all current employees of Seller at the Hotel and their salaries or wages and all employment benefits accompanied by copies of their employment HOTEL PURCHASE AGREEMENT - Page 9 ------------------------ agreements and/or union contracts, if any; (xi) All FF&E Leases and a schedule of such FF&E Leases (the "Schedule of FF&E Leases"); (viiixii) Seller's franchise agreement and guest comments results with respect to the Hotel; (xiii) The most recent inventory of the FF&E and Supplies to the extent such inventory exists; (xiv) A schedule of the Deposits and the Utility Reservations (the "Schedule of Deposits and Utility Reservations"); (ixxv) Copies Standard market segment reports identifying the aggregate segments by month for 1996 and including the number of room nights and rate information, and group business information for 1996 (as well as tentative and other booking information for 1997) identifying the number of groups, the average daily rates, the receivables by collection category, all significant tradeouts, any special services (such as transportation or food and/or beverage service) included in the rate or otherwise committed, and the termination dates of the existing insurance policies covering the Hotel; (x) An unaudited balance sheet (the "Balance Sheet") of the Hotel as of November 30, 1996 (the "Balance Sheet Date"), listing all liabilities, accounts payable and accounts receivable of the Hotel as of such date. The Balance Sheet will be prepared and certified by management to be A. in accordance with the books and records of the Hotel, and B. to fairly present the financial condition of the Hotel at the Balance Sheet Date; (xi) A schedule of any litigation, arbitration or administrative proceedings pending or material threatened (in writing) with respect various agreements giving rise to the Hotelforegoing; and (xiixvi) To the extent available from Seller's existing files, such Such other documents or information to the extent in Seller's possession or control as may be reasonably requested by Purchaser no later than ten twenty (1020) days after Seller's receipt of a written request therefor. Seller shall promptly notify Purchaser in writing upon one of Seller's Representatives learning of any material inaccuracy, misstatement or omission in any of the information furnished to Purchaser and shall supply Purchaser with updated information or schedules, as requiredexecution hereof.

Appears in 1 contract

Samples: Hotel Purchase Agreement (American General Hospitality Corp)

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Hotel Documents. (a) As soon as practicable but in no event later than December 20, 1996, Seller, at Seller's sole cost and expense, will deliver to Purchaser true, correct and complete copies of the following, together with all amendments, modifications, renewals or extensions thereof: (i) All Licenses; (ii) All Service Contracts and a schedule of such Service Contracts (the "Schedule of Service Contracts"); (iii) All Leases (other than guest or room booking and reservation contracts), a schedule of such Leases (the "Schedule of Leases") and all agreements for real estate commissions, brokerage fees, finder's fees or other compensation payable by Seller in connection therewith which would be binding on Purchaser after Closing; (iv) A list of all current Hotel employees and their salaries or wages and a general description of the employment benefits available to the employees as a group, and copies of all employment agreements and/or union contracts, if any; (v) The Franchise Agreement and a current deficiency report and the two most recent inspection reports of the franchiser of the Hotel; (b) As soon as practicable but in no event later than December 27, 1996, Seller, at Seller's sole cost and expense, will deliver to Purchaser true, correct and complete copies of the following, together with all amendments, modifications, renewals or extensions thereof: (i) All Warranties relating to the Hotel or any part thereof which are still in effect; (ii) To the extent in Seller's possession and without any requirement to compile any new statements, financial statements, balance sheets, income statements, general ledgers (provided however provided, however, that Seller shall not be required to deliver copies of general ledgers to Purchaser but Seller shall allow give Purchaser and Purchaser's representatives reasonable access to on-site copies of such the general ledgers), budgets and Federal and State income tax returns for the Hotel, for the current year to date and each of the five (5) years prior to the year of this Agreement (the "Financial Statements"), including the itemization of A. annual insurance premiums for each such year for fire, extended coverage, workers' compensation, vandalism and malicious mischief, general liability, business interruption, rents and other forms of insurance shown thereon; B. expenses incurred for water, electricity, natural gas, sewer and other utility charges; C. total rents and revenues collected from tenants and from hotel guests and other patrons of the Hotel; D. management fees; E. maintenance, repairs and other expenses relating to the management and operation of the Hotel; F. historical occupancy statistics for the Hotel; and G. all capital expenditures made during the aforementioned periods; (iii) All of the most recent real estate and personal property tax statements with respect to the Hotel and notices of appraised value for the Land and Improvements; (iv) To the extent available to Seller in its existing files, all engineering and architectural plans, drawings and specifications relating to the Hotel, as well as copies of any environmental reports, boundary surveys, engineering reports and subsurface studies affecting the Hotel. If the Hotel is purchased by Purchaser, all such documents and information shall, subject to the terms of any agreements with the professionals who rendered said reports, thereupon be and become the property of Purchaser without payment of any additional consideration therefor; provided, however, in the event that the Closing does not actually occur, Purchaser shall return such information to Seller; (v) A rent roll including for each Lease A. the name of the tenant; B. the suite; C. the base rental rate; D. the amount of prepaid rent; E. the amount of each security deposit; F. the applicable percentage rental rate, if any, and the means of calculation thereof; G. the date of the Lease; and H. the expiration date of the Lease; (vi) To the extent in Seller's possession or control, all written notices received from governmental authorities in connection with the Hotel; (vii) All FF&E Leases and a schedule of such FF&E Leases (the "Schedule of FF&E Leases"); (viii) A schedule of the Deposits and the Utility Reservations (the "Schedule of Deposits and Utility Reservations"); (ix) Copies of the existing insurance policies covering the Hotel; (x) An unaudited balance sheet (the "Balance Sheet") of the Hotel as of November 30, 1996 (the "Balance Sheet Date"), listing all liabilities, accounts payable and accounts receivable of the Hotel as of such date. The Balance Sheet will be prepared and certified by management to be A. in accordance with the books and records of the Hotel, and B. to fairly present the financial condition of the Hotel at the Balance Sheet Date; (xi) A schedule of any litigation, arbitration or administrative proceedings pending or material threatened (in writing) with respect to the Hotel; and (xii) To the extent available from Seller's existing files, such other documents or information as may be reasonably requested by Purchaser no later than ten (10) days after Seller's receipt of a written request therefor. Seller shall promptly notify Purchaser in writing upon one of Seller's Representatives learning of any material inaccuracy, misstatement or omission in any of the information furnished to Purchaser and shall supply Purchaser with updated information or schedules, as required.

Appears in 1 contract

Samples: Hotel Purchase Agreement (American General Hospitality Corp)

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