Leases and Concessions. Lessee shall assign to Lessor or Lessor's nominee simultaneously with the termination of this Agreement, and the assignee shall assume, all leases, contracts, concessions agreements and agreements in effect with respect to the Facility then in Lessee's name; provided, however, that Lessor need not assume any contract whose term will expire more than one year after the date of the assignment by Lessee unless (i) Lessor has previously consented to the provisions of such contract (which consent shall not be unreasonably withheld), or (ii) this Agreement shall have been terminated by Lessor pursuant to the provisions of Article XXXVI.
Appears in 4 contracts
Samples: Merger Agreement (American General Hospitality Corp), Merger Agreement (Capstar Hotel Co), Stock Purchase Agreement (Keystone Inc Et Al)
Leases and Concessions. Lessee shall assign to Lessor or ---------------------- Lessor's nominee simultaneously with the termination of this Agreement, and the assignee shall assume, all leases, contracts, concessions agreements and agreements in effect with respect to the Facility then in Lessee's name; provided, however, that Lessor need not assume any contract whose term will expire more than one year after the date of the assignment by Lessee unless (i) Lessor has previously consented to the provisions of such contract (which consent shall not be unreasonably withheld), or (ii) this Agreement shall have been terminated by Lessor pursuant to the provisions of Article XXXVI.
Appears in 1 contract
Samples: Lease Agreement (American General Hospitality Corp)
