Common use of Labor Disputes and Agreements Clause in Contracts

Labor Disputes and Agreements. There are not currently any labor disputes pending or, threatened as to the operation or maintenance of the Property or any part thereof. The LLC is not a party to any union or other collective bargaining agreement with employees employed in connection with the ownership, operation or maintenance of the Property. The Acquiror will not be obligated to give or pay any amount to any employee of the LLC, and the Acquiror shall not have any liability under any pension or profit sharing plan that the LLC may have established with respect to the Property or their or its employees.

Appears in 3 contracts

Samples: Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust)

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Labor Disputes and Agreements. There are not currently any labor ------------------------------ disputes pending or, to Sellers' knowledge, threatened as to the operation or maintenance of the Property or any part thereof. The LLC is not a party to any union or other collective bargaining agreement with employees employed in connection with the ownership, operation or maintenance of the Property. The Acquiror will not be obligated to give or pay any amount to any employee employees of the LLC, and the Acquiror shall not have any liability under any pension or profit sharing plan that the LLC may have established with respect to the Property or their or its are at will employees.

Appears in 2 contracts

Samples: Membership Interests Purchase Agreement (Hersha Hospitality Trust), Membership Interests Purchase Agreement (Hersha Hospitality Trust)

Labor Disputes and Agreements. There are not currently any labor ----------------------------- disputes pending or, threatened as to the operation or maintenance of the Property or any part thereof. The LLC is not a party to any union or other collective bargaining agreement with employees employed in connection with the ownership, operation or maintenance of the Property. The Acquiror will not be obligated to give or pay any amount to any employee of the LLC, and the Acquiror shall not have any liability under any pension or profit sharing plan that the LLC may have established with respect to the Property or their or its employees.

Appears in 1 contract

Samples: Contribution Agreement (Hersha Hospitality Trust)

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Labor Disputes and Agreements. There are not currently any labor disputes pending or, threatened as to the operation or maintenance of the Property or any part thereof. The LLC is not a party to any union or other collective bargaining agreement with employees employed in connection with the ownership, operation or maintenance of the Property. The Acquiror Acquirers will not be obligated to give or pay any amount to any employee of the LLC, and the Acquiror Acquirers shall not have any liability under any pension or profit sharing plan that the LLC may have established with respect to the Property or their or its employees.

Appears in 1 contract

Samples: Contribution Agreement (Hersha Hospitality Trust)

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