Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not xxx to challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.
Appears in 8 contracts
Samples: Intercompany Agreement (Innsuites Hospitality Trust), Intercompany Agreement (Kranzco Realty Trust), Lease Agreement (American General Hospitality Corp)
Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, and are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not xxx to challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.
Appears in 7 contracts
Samples: Form of Intercompany Agreement (LTC Healthcare Inc), Intercompany Agreement (Excel Legacy Corp), Intercompany Agreement (LTC Properties Inc)
Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement hereof are reasonable, fair and equitable in scope, term terms and duration, are necessary to protect the legitimate business interests of each of the other parties hereto hereto, and are a material inducement to the parties hereto such party to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not xxx to challenge the enforceability of this Agreement or raise any equitable defense to its enforcementMerger Agreement.
Appears in 5 contracts
Samples: Protection of Business Agreement (Security Capital Atlantic Inc), Protection of Business Agreement (Homestead Village Inc), Business Agreement (Security Capital Pacific Trust)
Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not xxx to sue xx challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.
Appears in 4 contracts
Samples: Intercompany Agreement (Crescent Operating Inc), Form of Intercompany Agreement (Crescent Operating Inc), Form of Intercompany Agreement (Crescent Operating Inc)
Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, and are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not xxx to sue xx challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.
Appears in 1 contract
Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants agrees that it will not xxx to sue xx challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.
Appears in 1 contract
Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not xxx sue to challenge the enforceability of this Agreement or raise any equitable xxxitable defense to its enforcement.
Appears in 1 contract
Samples: Intercompany Agreement (Reckson Services Industries Inc)
Reasonable and Necessary Restrictions. Each of the parties hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants agrees that it will not xxx to challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.
Appears in 1 contract
Reasonable and Necessary Restrictions. Each of the parties ------------------------------------- hereto hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not xxx to challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.
Appears in 1 contract
Reasonable and Necessary Restrictions. Each of the parties hereto ------------------------------------- hereby acknowledges and agrees that the restrictions, prohibitions and other provisions of this Agreement are reasonable, fair and equitable in scope, term and duration, are necessary to protect the legitimate business interests of the parties hereto and are a material inducement to the parties hereto to enter into the transactions described in and contemplated by the recitals hereto. Each party hereto covenants that it will not xxx to challenge the enforceability of this Agreement or raise any equitable defense to its enforcement.
Appears in 1 contract
Samples: Agreement and Plan of Merger (American General Hospitality Corp)
