Common use of Liquor License Clause in Contracts

Liquor License. Seller currently holds the Liquor -------------- License for the Hotel and if, in compliance with all applicable laws, statutes, rules, regulations and ordinances, Seller may continue to hold such Liquor License following the Closing, Seller shall maintain the Liquor License and Purchaser shall not interfere with the maintenance of the Liquor License. If Seller may not continue to hold a Liquor License for the Property following the Closing or if the existing Liquor License needs to be revised to reflect the Purchaser as owner of the Property, then Seller shall apply for a new or modified Liquor License or, if advised by local counsel to be required under local laws, regulations or orders, Purchaser or its designee shall apply for a liquor license for the Hotel, at Seller's sole cost and expense, promptly after Closing. Seller and Purchaser shall cooperate to obtain a liquor license for the Hotel or modifications to the existing Liquor License or to maintain the existing Liquor License in effect. Until such time as such new or modified liquor license is obtained, Seller shall take all steps reasonably necessary to enable the current Liquor License to be used by the Hotel and to permit the uninterrupted sale and service of alcoholic beverages at the Hotel. The provisions of this Section 11.1 shall survive the Closing. ------------

Liquor License. Seller currently holds the a Liquor -------------- License for the Hotel and if, if in compliance with all applicable laws, statutes, rules, regulations and ordinances, ordinances Seller may continue to hold such Liquor License following the Closing, Seller shall maintain the Liquor License and Purchaser shall not interfere with the maintenance of the Liquor License. If Seller may not continue to hold a the Liquor License for the Property following the Closing or if the existing Liquor License needs to be revised to reflect the Purchaser as owner of the Property, then Seller shall apply for a new or modified Liquor License or, if advised by local counsel to be required under local laws, regulations or orders, Purchaser or its designee shall apply for a liquor license for the Hotel, at Seller's sole cost and expense, promptly after Closing. Seller and Purchaser shall cooperate to obtain a liquor license for the Hotel or modifications to the existing Liquor License or to maintain the existing Liquor License in effect. Until such time as such a new or modified liquor license is obtained, Seller shall take all steps reasonably necessary to enable the current Liquor License to be used by the Hotel and to permit the uninterrupted sale and service of alcoholic beverages at the Hotel. The provisions of this Section 11.1 shall ------------ survive the Closing. ------------.

Liquor License. Seller currently holds the Liquor -------------- License for the Hotel and if, in compliance with all applicable laws, statutes, rules, regulations and ordinances, ordinances Seller may continue to hold such Liquor License following the Closing, Seller shall maintain the Liquor License and Purchaser shall not interfere with the maintenance of the Liquor License. If Seller may not continue to hold a the Liquor License for the Property following the Closing or if the existing Liquor License needs to be revised to reflect the Purchaser as owner of the Property, then Seller shall apply for a new or modified Liquor License or, if advised by local counsel to be required under local laws, regulations or orders, Purchaser or its designee shall apply for a liquor license for the Hotel, at Seller's sole cost and expense, promptly after Closing. Seller and Purchaser shall cooperate to a obtain a liquor license licenses for the Hotel or modifications to the existing Liquor License or to maintain the existing Liquor License in effect. Until such time as such new or modified liquor license is obtained, Seller shall take all steps reasonably necessary to enable the current Liquor License to be used by the Hotel and to permit the uninterrupted sale and service of alcoholic beverages at the Hotel. The provisions of this Section 11.1 shall survive the Closing. ------------.

Liquor License. Seller currently holds the Liquor -------------- License for the Hotel and if, in compliance with all applicable laws, statutes, rules, regulations and ordinances, Seller may continue to hold such Liquor License following the Closing, Seller shall maintain the Liquor License and Purchaser shall not interfere with the maintenance of the Liquor License. If Seller may not continue to hold a the Liquor License for the Property following the Closing or if the existing Liquor License needs to be revised to reflect the Purchaser as owner of the Property, then Seller shall apply for a new or modified Liquor License or, if advised by local counsel to be required under local laws, regulations or orders, Purchaser or its designee shall apply for a liquor license for the Hotel, at Seller's sole cost and expense, promptly after Closing. Seller and Purchaser shall cooperate to obtain a liquor license for the Hotel or modifications to the existing Liquor License or to maintain the existing Liquor License in effect. Until such time as such new or modified liquor license is obtained, Seller shall take all steps reasonably necessary to enable the current Liquor License to be used by the Hotel and to permit the uninterrupted sale and service of alcoholic beverages at the Hotel. The provisions of this Section 11.1 ------------ shall survive the Closing. ------------.

Liquor License. Seller currently holds the a Liquor License -------------- License for the Hotel and if, if in compliance with all applicable laws, statutes, rules, regulations and ordinances, ordinances Seller may continue to hold such Liquor License following the Closing, Seller shall maintain the Liquor License and Purchaser shall not interfere with the maintenance of the Liquor License. If Seller may not continue to hold a the Liquor License for the Property following the Closing or if the existing Liquor License needs to be revised to reflect the Purchaser as owner of the Property, then Seller shall apply for a new or modified Liquor License or, if advised by local counsel to be required under local laws, regulations or orders, Purchaser or its designee shall apply for a liquor license for the Hotel, at Seller's sole cost and expense, promptly after Closing. Seller and Purchaser shall cooperate to obtain a liquor license for the Hotel or modifications to the existing Liquor License or to maintain the existing Liquor License in effect. Until such time as such a new or modified liquor license is obtained, Seller shall take all steps reasonably necessary to enable the current Liquor License to be used by the Hotel and to permit the uninterrupted sale and service of alcoholic beverages at the Hotel. The provisions of this Section 11.1 shall ------------ survive the Closing. ------------.

Liquor License. Seller currently holds the Liquor -------------- License for the Hotel and if, in compliance with all applicable laws, statutes, rules, regulations and ordinances, Seller may continue to hold such Liquor License following the Closing, Seller shall maintain the Liquor License and Purchaser shall not interfere with the maintenance of the Liquor License. If Seller may not continue to hold a Liquor License for the Property following the Closing or if the existing Liquor License needs to be revised to reflect the Purchaser as owner of the Property, then Seller shall apply for a new or modified Liquor License or, if advised by local counsel to be required under local laws, regulations or orders, Purchaser or its designee shall apply for a liquor license for the Hotel, at Seller's sole cost and expense, promptly after Closing. Seller and Purchaser shall cooperate to obtain a liquor license for the Hotel or modifications to the existing Liquor License or to maintain the existing Liquor License in effect. Until such time as such new or modified liquor license is obtained, Seller shall take all steps reasonably necessary to enable the current Liquor License to be used by the Hotel and to permit the uninterrupted sale and service of alcoholic beverages at the Hotel. The provisions of this Section 11.1 shall survive the Closing. ------------.