Land and Hotels. At Closing, Sellers shall convey title to the Land and Hotels owned by Sellers to Buyer pursuant to the Deeds and shall convey its leasehold interest in the Land and Hotel which the applicable Seller occupies pursuant to the Ground Lease by the Assignment and Assumption of Ground Lease.
Appears in 3 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (CNL Hotels & Resorts, Inc.), Purchase and Sale Agreement (Ashford Hospitality Trust Inc)
Land and Hotels. At Closing, Sellers shall convey title to the Land and Hotels owned by Sellers to Buyer pursuant to the Deeds and shall convey its the leasehold interest in the Land and Hotel improvements which the applicable Seller occupies pursuant to the Ground Lease by the Assignment and Assumption of Ground Lease.
Appears in 1 contract
Samples: Purchase and Sale Agreement (CNL Hotels & Resorts, Inc.)
Land and Hotels. At Closing, Sellers shall convey title to the Land and Hotels owned by Sellers to Buyer pursuant to the Deeds and shall convey its leasehold interest in the Land and Hotel which the applicable Seller occupies pursuant to the Ground Lease by the Assignment and Assumption of Ground Lease, all subject only to the Permitted Exceptions.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Ashford Hospitality Trust Inc)
Land and Hotels. At Closing, Sellers each Seller shall convey title to the Land and Hotels owned by Sellers such Seller to Buyer pursuant to the Deeds and shall convey its leasehold interest in the Land and Hotel which the applicable Seller occupies pursuant to the Ground Lease by the Assignment and Assumption of Ground LeaseDeeds.
Appears in 1 contract
Samples: Purchase and Sale Agreement (CNL Hotels & Resorts, Inc.)
