Common use of Termination by Contributors Clause in Contracts

Termination by Contributors. If, prior to Closing, the Acquiror defaults in performing any of its obligations under this Agreement (including its obligation to purchase the Property), and the Acquiror fails to cure any such default within ten business days after notice thereof from the Contributors, then the Contributors' sole remedy for such default shall be to terminate this Agreement.

Appears in 10 contracts

Samples: Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust)

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Termination by Contributors. If, prior to Closing, the Acquiror Acquirer defaults in performing any of its their obligations under this Agreement (including its obligation to purchase the Property)Agreement, and the Acquiror Acquirer fails to cure any such default within ten five (5) business days after notice thereof from the Contributors, then the Contributors' sole remedy for such default shall be to terminate this Agreement.

Appears in 2 contracts

Samples: Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust)

Termination by Contributors. If, prior to Closing, the Acquiror defaults Acquirors ---------------------------- default in performing any of its their obligations under this Agreement (including its their obligation to purchase the Property), and the Acquiror fails Acquirors fail to cure any such default within ten business days after notice thereof from the Contributors, then the Contributors' sole remedy for such default shall be to terminate this Agreement.

Appears in 2 contracts

Samples: Contribution Agreement (Hersha Hospitality Trust), Contribution Agreement (Hersha Hospitality Trust)

Termination by Contributors. If, prior to Closing, the Acquiror Acquirer defaults in performing any of its obligations under this Agreement (including its obligation to purchase the Property)Agreement, and the Acquiror Acquirer fails to cure any such default within ten five (5) business days after notice thereof from the Contributors, then the Contributors' sole remedy for such default shall be to terminate this Agreement.

Appears in 1 contract

Samples: Contribution Agreement (Hersha Hospitality Trust)

Termination by Contributors. If, prior to Closing, the Acquiror Acquirer defaults in performing any of its obligations under this Agreement (including its obligation to purchase the Property)Agreement, and the Acquiror Acquirer fails to cure any such default within ten five (5) business days after notice thereof from the Contributors, then the Contributors' sole remedy for such default shall be to terminate this Agreement.

Appears in 1 contract

Samples: Contribution Agreement (Hersha Hospitality Trust)

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Termination by Contributors. If, prior to Closing, the Acquiror defaults in performing any of its obligations under this Agreement (including its obligation to purchase acquire the PropertyInterests), and the Acquiror fails to cure any such default within ten business days after notice thereof from the Contributors, then the Contributors' sole remedy for such default shall be to terminate this Agreement.

Appears in 1 contract

Samples: Contribution Agreement (Hersha Hospitality Trust)

Termination by Contributors. If, prior to Closing, the Acquiror defaults Acquirors default in performing any of its their obligations under this Agreement (including its their obligation to purchase the Property), and the Acquiror fails Acquirors fail to cure any such default within ten business days after notice thereof from the Contributors, then the Contributors' sole remedy for such default shall be to terminate this Agreement.

Appears in 1 contract

Samples: Contribution Agreement (Hersha Hospitality Trust)

Termination by Contributors. If, prior to Closing, the Acquiror ---------------------------- defaults in performing any of its obligations under this Agreement (including its obligation to purchase the Property), and the Acquiror fails to cure any such default within ten business days after notice thereof from the Contributors, then the Contributors' sole remedy for such default shall be to terminate this Agreement.

Appears in 1 contract

Samples: Contribution Agreement (Hersha Hospitality Trust)

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