Common use of Tenant Leases and Equipment Leases Clause in Contracts

Tenant Leases and Equipment Leases. Schedule 4.2(c) sets forth a correct and complete list of the Tenant Leases and all material Equipment Leases for the Hotel as of the date hereof. Except as set forth in Schedule 4.2(c), as of the date hereof, all material Equipment Leases and Tenant Leases are in full force and effect and the Seller has delivered to the Buyer true and complete copies of all material Equipment Leases and Tenant Leases. The Seller has neither given nor received any written notice of a default under any material Tenant Lease or Equipment Lease which default remains uncured and, to the Seller’s Knowledge, there is no existing condition that, with notice or lapse of time or both, would constitute a material default by any party under any material Tenant Lease or Equipment Lease.

Appears in 4 contracts

Samples: Assignment and Assumption Agreement (Carey Watermark Investors Inc), Assignment and Assumption Agreement (Carey Watermark Investors Inc), Assignment and Assumption Agreement (Carey Watermark Investors Inc)

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