Common use of Sale of Asset Clause in Contracts

Sale of Asset. (a) On the Closing Date and pursuant to the terms and subject to the conditions set forth in this Agreement, the Seller shall sell to the Buyer, and the Buyer shall purchase from the Seller, the Asset. (b) The Asset shall include all Asset-Related Property. For purposes of this Agreement, “Asset-Related Property” shall mean any and all of the following which is owned or used by the Seller in connection with the Property:

Appears in 6 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Carey Watermark Investors Inc), Purchase and Sale Agreement (Carey Watermark Investors Inc)

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Sale of Asset. (a) On the Closing Date and pursuant to the terms and subject to the conditions set forth in this Agreement, the Seller shall sell to the Buyer, and the Buyer shall purchase from the Seller, the Asset. (b) The transfer of the Asset to the Buyer shall include the transfer of all Asset-Related Property. For purposes of this Agreement, “Asset-Related Property” shall mean any and all of the following which is owned or used by the Seller in connection with the Propertyfollowing:

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Interstate Hotels & Resorts Inc), Purchase and Sale Agreement (Interstate Hotels & Resorts Inc), Purchase and Sale Agreement (Interstate Hotels & Resorts Inc)

Sale of Asset. (a) On the Closing Date and pursuant to the terms and subject to the conditions set forth in this Agreement, the Seller shall sell to the Buyer, and the Buyer shall purchase from the Seller, the Asset. (b) The transfer of the Asset to Buyer shall include the transfer of all Asset-Related Property. For purposes of this Agreement, “Asset-Related Property” shall mean any and all of Seller’s right, title and interest in and to the following which is owned or used by the Seller in connection with the Propertyfollowing:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Glimcher Realty Trust), Purchase and Sale Agreement (Wells Real Estate Investment Trust Inc)

Sale of Asset. (a) On the Closing Date and pursuant to the terms and subject to the conditions set forth in this Agreement, the Seller shall sell to the Buyer, and the Buyer shall purchase from the Seller, the Asset. (b) The transfer of the Asset to the Buyer shall include the transfer of all Asset-Related Property. For purposes of this Agreement, “Asset-Related Property” shall mean any and all of the following which is owned or used by Seller’s right, title and interest in and to the Seller in connection with the Propertyfollowing:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (American Realty Capital New York City REIT, Inc.), Purchase and Sale Agreement (Strategic Hotels & Resorts, Inc)

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Sale of Asset. (a) On the Closing Date and pursuant to the terms terms, and subject to the conditions conditions, set forth in this Agreement, the Seller shall sell to the Buyer, and the Buyer shall purchase from the Seller, Seller’s right, title and interest in the Asset. (b) The transfer of the Asset to Buyer shall include the transfer of all Asset-Related Property. For purposes of this Agreement, “Asset-Related Property” shall mean any and all of Seller’s right, title and interest in and to the following which is owned or used by the Seller in connection with the Propertyfollowing:

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Realty Capital New York City REIT, Inc.)

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