Common use of Operating Agreements Clause in Contracts

Operating Agreements. To Crow's knowledge, there are no management, -------------------- service, supply or maintenance contracts in effect with respect to the Property other than the Operating Agreements. Except as set forth on Schedule 3.8, to Crow's knowledge, Crow has performed in all material respects all of its obligations under each of the Operating Agreements and there are no defaults under any of the Operating Agreements and all other parties to the Operating Agreements have performed all of their obligations thereunder in all material respects, and are not in default thereunder in any material respect. To Crow's knowledge, Crow has received no notice of any intention by any of the parties to any of the Operating Agreements to cancel the same, nor has Crow canceled any of same.

Appears in 10 contracts

Samples: Purchase and Sale Agreement (Patriot American Hospitality Operating Co\de), Purchase and Sale Agreement (Patriot American Hospitality Operating Co\de), Purchase and Sale Agreement (Patriot American Hospitality Operating Co\de)

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Operating Agreements. To Crow's knowledge, there are no management, -------------------- service, supply or maintenance contracts in effect with respect to the Property other than the Operating Agreements. Except as set forth on Schedule 3.8, to ------------ Crow's knowledge, Crow has performed in all material respects all of its obligations under each of the Operating Agreements and there are no defaults under any of the Operating Agreements and all other parties to the Operating Agreements have performed all of their obligations thereunder in all material respects, and are not in default thereunder in any material respect. To Crow's knowledge, Crow has received no notice of any intention by any of the parties to any of the Operating Agreements to cancel the same, nor has Crow canceled any of same.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Patriot American Hospitality Operating Co\de)

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