Common use of Possession; Risk of Loss Clause in Contracts

Possession; Risk of Loss. Buyer shall be granted full possession of the Property at Closing subject to (i) Manager's rights under the Management Agreements, (ii) tenant's rights under any space leases of the Property assumed by Buyer and (iii) guests in occupancy. All risk of loss with respect to the Property shall pass to Buyer on and as of the Closing Date. 40 34

Appears in 1 contract

Samples: Lease Agreement (Felcor Suite Hotels Inc)

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Possession; Risk of Loss. Buyer shall be granted full possession of the each Property at Closing subject to (i) Manager's rights under the Management Agreements, (ii) tenant's rights under any space leases of the any Property (or any portion thereof) assumed by Buyer Buyer, (ii) guests in occupancy and (iii) guests in occupancy. All risk of loss with respect to the Property shall pass to Buyer on and as of the Closing Date. 40 34)

Appears in 1 contract

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

Possession; Risk of Loss. Buyer shall be granted full possession of the Property at Closing subject to (i) Manager's rights under the Management Agreements, (ii) tenant's rights under any space leases of the Property assumed by Buyer and (iii) guests in occupancy. All risk of loss with respect to the Property shall pass to Buyer on and as of the Closing Date. 40 34.

Appears in 1 contract

Samples: Lease Agreement (Itt Corp /Nv/)

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Possession; Risk of Loss. Buyer shall be granted full possession of the Property at Closing subject to (i) Manager's rights under the Management Agreements, (ii) tenant's rights under any space leases of the Property (or any portion thereof) assumed by Buyer Buyer, (ii) guests in occupancy and (iii) guests in occupancy. All risk of loss with respect to the Property shall pass to Buyer on and as of the Closing Date. 40 34)

Appears in 1 contract

Samples: American General Hospitality Corp

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