December 14, 2014Assignment and Acceptance of Membership Interest • December 19th, 2014 • Ashford Hospitality Trust Inc • Real estate investment trusts • Delaware
This letter (the “Letter Agreement”) sets forth the binding agreement of the parties hereto for the purchase of the Interest by Buyer from Seller (the “Transaction”). Terms capitalized in this letter and not otherwise defined shall have the meanings ascribed to such terms in that certain Limited Liability Company Agreement (the “LLC Agreement”) of PIM Highland Holding LLC dated as of March 10, 2011 between Seller and Buyer.
