Common use of Liability of Purchaser Clause in Contracts

Liability of Purchaser. Except for any obligation expressly assumed or agreed to be assumed by the Purchaser hereunder, the Purchaser does not assume any obligation of the Seller or any liability for claims arising out of any occurrence prior to Closing.

Appears in 7 contracts

Samples: Purchase Agreement (Humphrey Hospitality Trust Inc), Purchase Agreement (Humphrey Hospitality Trust Inc), Agreement of Purchase (Innkeepers Usa Trust/Fl)

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Liability of Purchaser. Except for any obligation expressly assumed or agreed to be assumed by the Purchaser hereunderhereunder and in the Assignment and Assumption Agreement, the Purchaser does not assume any obligation of the Seller or any liability for claims arising out of any occurrence prior to Closing. Likewise, the Seller does not assume and shall not be liable for any obligation of the Purchaser or any liability for claims arising out of any occurrence subsequent to Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Hersha Hospitality Trust), Purchase and Sale Agreement (Hersha Hospitality Trust)

Liability of Purchaser. Except for any obligation expressly ------------------------ assumed or agreed to be assumed by the Purchaser hereunderhereunder and in the Assignment and Assumption Agreement, the Purchaser does not assume any obligation of the Seller Sellers or any liability for claims arising out of any occurrence prior to Closing.

Appears in 2 contracts

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

Liability of Purchaser. Except for any obligation expressly assumed or ---------------------- agreed to be assumed by the Purchaser hereunder, the Purchaser does not assume any obligation of the Seller or any liability for claims arising out of any occurrence prior to Closing.

Appears in 2 contracts

Samples: Purchase Leaseback Agreement (Hersha Hospitality Trust), Purchase Agreement (Hersha Hospitality Trust)

Liability of Purchaser. Except for any obligation expressly assumed or agreed to be assumed by the Purchaser hereunder, the Purchaser does not assume any obligation of the Seller Sellers or any liability for claims arising out of any occurrence prior to Closing.

Appears in 1 contract

Samples: Purchase Agreement (Hersha Hospitality Trust)

Liability of Purchaser. Except for any obligation expressly assumed or ----------------------- agreed to be assumed by the Purchaser hereunder, the Purchaser does not assume any obligation of the Seller or any liability for claims arising out of any occurrence prior to Closing.

Appears in 1 contract

Samples: Purchase Agreement (Hersha Hospitality Trust)

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Liability of Purchaser. Except for any obligation expressly assumed or agreed to be assumed by the Purchaser hereunderhereunder and in the Assignment and Assumption Agreement, the Purchaser does do not assume any obligation of the Seller or any liability for claims arising out of any occurrence prior to Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hersha Hospitality Trust)

Liability of Purchaser. Except for any obligation expressly ---------------------- assumed or agreed to be assumed by the Purchaser hereunder, the Purchaser does not assume any obligation of the Seller or any liability for claims arising out of any occurrence prior to Closing.

Appears in 1 contract

Samples: Purchase Agreement (Hersha Hospitality Trust)

Liability of Purchaser. Except for any obligation expressly assumed or agreed to be assumed by the Purchaser hereunder, the Purchaser does not assume any obligation of the Seller or any liability for claims arising out of any occurrence prior to Closing. The Purchaser shall acquire the Property subject to the Permitted Title Exceptions.

Appears in 1 contract

Samples: Purchase Agreement (Humphrey Hospitality Trust Inc)

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