Required Assignment. In connection with any Sale of the Inn which includes a transfer of Lessor's and/or Lessee's title in the Site and/or the Inn, Lessor and Lessee agree that the successors to their respective titles in the Site and/or the Inn shall also assume their respective rights and obligations under this Agreement and shall cause such successor(s) to assume such rights and obligations pursuant to an assumption of this Agreement reasonably acceptable to Manager.
Appears in 5 contracts
Samples: Owner Agreement (Apple Hospitality Five Inc), Owner Agreement (Apple Hospitality Five Inc), Owner Agreement (Apple Hospitality Five Inc)
Required Assignment. In connection with any Sale of the Inn Hotel which includes a transfer of Lessor's ’s and/or Lessee's ’s title in the Site and/or the InnHotel, Lessor and Lessee agree that the successors to their respective titles in the Site and/or the Inn Hotel shall also assume their respective rights and obligations under this Agreement and shall cause such successor(s) to assume such rights and obligations pursuant to an assumption of this Agreement reasonably acceptable to Manager.
Appears in 3 contracts
Samples: Owner Agreement (Apple Reit Six Inc), Owner Agreement (Apple Reit Six Inc), Owner Agreement (Apple Reit Six Inc)
Required Assignment. In connection with any Sale of the Inn which includes a transfer of Lessor's ’s and/or Lessee's ’s title in the Site and/or the Inn, Lessor and Lessee agree that the successors to their respective titles in the Site and/or the Inn shall also assume their respective rights and obligations under this Agreement from and after the effective date of such Sale of the Inn and shall cause such successor(s) to assume such rights and obligations pursuant to an assumption of this Agreement reasonably acceptable to Manager.
Appears in 2 contracts
Samples: Owner Agreement (Apple Hospitality Two Inc), Owner Agreement (Apple Hospitality Five Inc)
Required Assignment. In connection with any Sale of the Inn Inns which includes a transfer of Lessor's ’s and/or Lessee's ’s title in the Site and/or the InnInns, Lessor and Lessee agree that the successors to their respective titles in the Site and/or the Inn Inns shall also assume their respective rights and obligations under this the Owner Agreement and shall cause such successor(s) to assume such rights and obligations pursuant to an assumption of this the Owner Agreement reasonably acceptable to Manager.
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Required Assignment. In connection with any Sale of the Inn Inns which ------------------- includes a transfer of Lessor's and/or Lessee's title in the Site and/or the InnInns, Lessor and Lessee agree that the successors to their respective titles in the Site and/or the Inn Inns shall also assume their respective rights and obligations under this Agreement and shall cause such successor(s) to assume such rights and obligations pursuant to an assumption of this Agreement reasonably acceptable to Manager.
Appears in 1 contract
Required Assignment. In connection with any Sale of the Inn Inns ------------------- which includes a transfer of Lessor's and/or Lessee's title in the Site and/or the InnInns, Lessor and Lessee agree that the successors to their respective titles in the Site and/or the Inn Inns shall also assume their respective rights and obligations under this Agreement and shall cause such successor(s) to assume such rights and obligations pursuant to an assumption of this Agreement reasonably acceptable to Manager.
Appears in 1 contract
