Management Agreement Termination. Seller hereby covenants to -------------------------------- Purchaser that Seller shall terminate any agreement with Seller's existing managing agent, and that as of the Closing Date there will be no management agreement or other contract with respect to the management of the Hotel in effect at the Hotel.
Appears in 3 contracts
Samples: Hotel Purchase Agreement (American General Hospitality Corp), Hotel Purchase Agreement (American General Hospitality Corp), Hotel Purchase Agreement (American General Hospitality Corp)
Management Agreement Termination. Seller Sellers hereby covenants covenant to -------------------------------- Purchaser that Seller Sellers shall terminate any the management agreement with Sellerthe Partnership's existing managing agent, Managing Agent and that as of the Closing Date there will be no management agreement or other contract with respect to the management of the Hotel in effect at the Hotel.
Appears in 1 contract
Samples: Purchase Agreement (American General Hospitality Corp)
Management Agreement Termination. Seller hereby covenants to -------------------------------- Purchaser that Seller shall use good faith efforts to terminate any agreement with Seller's existing managing agent, and that as of the Closing Date there will be no management agreement or other contract with respect to the management of the Hotel in effect at the Hotel. Failure of Manager to agree to such termination shall not be a default hereunder.
Appears in 1 contract
Samples: Hotel Purchase Agreement (American General Hospitality Corp)
