Common use of Labor Disputes and Agreements Clause in Contracts

Labor Disputes and Agreements. The Contributor currently has no employees and has never had any hotel employees. To Contributor's Knowledge, the Manager has no labor disputes pending or, threatened as to the operation or maintenance of the Property or any part thereof. To Contributor's Knowledge, the Manager 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. Except with respect to the accounts payable of Contributor assumed by the Acquiror hereunder, to Contributor's Knowledge, the Acquiror will not be obligated to give or pay any amount to any employee of the Manager unless the Acquiror elects to hire that employee or continue the management arrangement with the Manager, and the Acquiror shall not have any liability under any pension or profit sharing plan that the Manager may have established with respect to the Property or their or its employees, unless the Acquiror elects to continue the management arrangement with the Manager.

Labor Disputes and Agreements. The Contributor currently has no employees and has never had any hotel employees. To Contributor's Knowledge, the Manager has no labor disputes pending or, threatened as to the operation or maintenance of the Property or any part thereof. To Contributor's Knowledge, the Manager 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. Except with respect to the accounts payable of Contributor assumed by the Acquiror hereunder, to Contributor's Knowledge, the Acquiror will not be obligated to give or pay any amount to any employee of the Manager unless the Acquiror elects to hire that employee or continue the management arrangement with the Manager, and the Acquiror shall not have any liability under any pension or profit sharing plan that the Manager may have established with respect to the Property or their or its employees, unless the Acquiror elects to continue the management arrangement with the Manager.or