Common use of Survival of Right of First Refusal Clause in Contracts

Survival of Right of First Refusal. Except for termination of this Agreement pursuant to Section 5.A.(3) above, Owner agrees that Franchisor’s rights under Section 5 shall survive early termination of this Agreement (as opposed to expiration of this Agreement as set forth in Section 12 hereof) and shall bind Owner, and its affiliates, if:

Appears in 5 contracts

Samples: Relicensing Franchise Agreement (Apple REIT Eight, Inc.), Franchise Agreement (Apple REIT Seven, Inc.), Relicensing Franchise Agreement (Apple REIT Eight, Inc.)

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Survival of Right of First Refusal. Except for termination of this Agreement pursuant to Section 5.A.(35.A(3) above, Owner agrees that Franchisor’s rights under Section 5 shall will survive early termination of this Agreement (as opposed to expiration of this Agreement as set forth provided in Section 12 hereof) and shall will bind Owner, Owner and its affiliatesAffiliates, ifif the events in either Section 5.G(1) or Section 5.G(2) occur:

Appears in 2 contracts

Samples: Franchise Agreement (American Realty Capital Hospitality Trust, Inc.), Franchise Agreement (American Realty Capital Hospitality Trust, Inc.)

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Survival of Right of First Refusal. Except for termination of this Agreement pursuant to Section 5.A.(3) above, Owner agrees that Franchisor’s rights under Section 5 shall will survive early termination of this Agreement (as opposed to expiration of this Agreement as set forth provided in Section 12 hereof) and shall will bind Owner, Owner and its affiliatesAffiliates, ifif the events in either Section 5.G.(1) or Section 5.G.(2) occur:

Appears in 2 contracts

Samples: Relicensing Franchise Agreement (Apple REIT Ten, Inc.), Relicensing Franchise Agreement (Apple REIT Ten, Inc.)

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