Common use of Notice of Change in Governmental Requirements Clause in Contracts

Notice of Change in Governmental Requirements. Seller shall, upon notice, or upon becoming aware of any such changes, notify Buyer promptly of any change in any applicable Governmental Requirements which might affect the value or use of the Property to Buyer in a manner that is material in relation to any Hotel.

Appears in 2 contracts

Samples: Contract for Purchase and Sale of Hotels (Felcor Suite Hotels Inc), Contract for Purchase and Sale of Hotels (Itt Corp /Nv/)

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Notice of Change in Governmental Requirements. Seller shall, upon notice, or upon becoming aware of any such changes, notify Buyer promptly of any change in any applicable Governmental Requirements which might materially affect the value or use of the Property to Buyer in a manner that is material in relation to any HotelBuyer.

Appears in 1 contract

Samples: Contract for Purchase and Sale of Hotels (PSH Master L P I)

Notice of Change in Governmental Requirements. Seller ---------------------------------------------- shall, upon notice, or upon becoming aware of any such changes, notify Buyer promptly of any change in any applicable Governmental Requirements which might affect the value or use of the Property to Buyer in a manner that is material in relation to any the Hotel.

Appears in 1 contract

Samples: Contract for Purchase and Sale of Hotel (American General Hospitality Corp)

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Notice of Change in Governmental Requirements. Each ---------------------------------------------- Seller shall, upon notice, or upon becoming aware of any such changes, notify Buyer promptly of any change in any applicable Governmental Requirements which might affect the value or use of the its Property to Buyer in a manner that is material in relation to any its Hotel.

Appears in 1 contract

Samples: Contract for Purchase and Sale of Hotels (American General Hospitality Corp)

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