Common use of Offsite Rights Clause in Contracts

Offsite Rights. Sellers shall jointly and severally Indemnify Buyer from and against any and all Claims that Buyer incurs by reason of any alleged default on the part of any Seller under an Offsite Rights Assignment based upon an event or condition occurring (or alleged to have occurred) prior to Closing. Buyer shall Indemnify Sellers from and against any and all Claims that any Seller incurs by reason of any alleged default on the part of Buyer under any Offsite Rights Assignment based upon an event or condition occurring (or alleged to have occurred) after Closing.

Appears in 2 contracts

Samples: Agreement for Purchase and Sale (Capital Lodging), Purchase and Sale Agreement (Capital Lodging)

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Offsite Rights. Sellers Seller shall jointly and severally Indemnify Buyer from and against any and all Claims that Buyer incurs by reason of any alleged default on the part of any Seller under an Offsite Rights Assignment agreement based upon an event or condition occurring (or alleged to have occurred) prior to Closingthe Closing Date. Buyer shall Indemnify Sellers Seller from and against any and all Claims that any Seller incurs by reason of any alleged default on the part of Buyer under any Offsite Rights Assignment agreement based upon an event or condition occurring (or alleged to have occurred) on or after Closingthe Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Marcus Corp)

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Offsite Rights. Sellers shall jointly and severally Indemnify Buyer from and against any and all Claims that Buyer incurs by reason of any alleged default on the part of any Seller under an Offsite Rights Assignment agreement based upon an event or condition occurring (or alleged to have occurred) prior to Closing. Buyer shall Indemnify Sellers from and against any and all Claims that any Seller incurs by reason of any alleged default on the part of Buyer under any Offsite Rights Assignment agreement based upon an event or condition occurring (or alleged to have occurred) after Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Capital Lodging)

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