Common use of Sale of a Hotel to an Affiliate Clause in Contracts

Sale of a Hotel to an Affiliate. In the event of a sale or transfer of Purchaser’s interest in any Hotel to an Affiliate of the Purchaser with such Affiliate assuming Purchaser’s obligations under the Lease, this Agreement shall remain in full force and effect without regard to such sale or transfer.

Appears in 3 contracts

Samples: Management Agreement (Hospitality Properties Trust), Management Agreement (Hospitality Properties Trust), Management Agreement (Hospitality Properties Trust)

AutoNDA by SimpleDocs

Sale of a Hotel to an Affiliate. In the event of a sale or transfer of PurchaserLandlord’s interest in any Hotel to an Affiliate of the Purchaser Landlord with such Affiliate assuming PurchaserLandlord’s obligations under the Lease, this Agreement shall remain in full force and effect without regard to such sale or transfer.

Appears in 1 contract

Samples: Management Agreement (Hospitality Properties Trust)

Sale of a Hotel to an Affiliate. In the event of a sale or transfer of Purchaser’s interest in any Hotel to an Affiliate of the Purchaser with such Affiliate assuming Purchaser’s obligations under the LeaseLandlords, this Agreement shall remain in full force and effect without regard to such sale or transfer.

Appears in 1 contract

Samples: Management Agreement (Hospitality Properties Trust)

AutoNDA by SimpleDocs

Sale of a Hotel to an Affiliate. In the event of a sale or transfer of Purchaser’s 's interest in any Hotel to an Affiliate of the Purchaser with such Affiliate assuming Purchaser’s 's obligations under the Lease, this Agreement shall remain in full force and effect without regard to such sale or transfer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hospitality Properties Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!