Ramada Agreements definition
Examples of Ramada Agreements in a sentence
Purchaser acknowledges under the Ramada Agreements, Ramada Franchise Systems, Inc.
Provided that Purchaser and Lucky Lucy diligently seek to have Lucky Lucy assume the Ramada Agreements and to obtain all required consents, Purchaser’s and Lucky Lucy’s joint and several liability with respect to the Ramada Agreements, in the event that Lucky Lucy is unable to assume the Ramada Agreements for any reason, shall be limited to One Hundred Thousand Dollars ($100,000), and Seller shall pay all other amounts due thereunder as a result of the termination of the Ramada Agreements.
Purchaser and Lucky Lucy shall jointly and severally seek to have Lucky Lucy assume to Ramada Agreements and to obtain all consents required by the transactions contemplated by this Agreement and the Asset Purchase Agreement.
In the event that Purchaser is unable to assume the Ramada Agreements for any reason, Purchaser’s liability as to the Ramada Agreements shall be limited to One Hundred Thousand Dollars ($100,000).
In the event that Purchaser elects not to or is unable to assume the Ramada Agreements for any reason, Purchaser’s liability as to the Ramada Agreements (which shall be the joint and several liability of the Purchaser pursuant to this Section 5(g) and of Ganaste pursuant to Section 21 of the Real Property Purchase Agreement) shall be limited to One Hundred Thousand Dollars ($100,000), and Seller shall pay all other amounts due thereunder as a result of such termination.
Purchaser may seek to assume the Ramada Agreements and shall pay all application and initiation fees and other costs in connection with such assumption.
Purchaser shall seek to assume the Ramada Agreements and shall pay all application and initiation fees and other costs in connection with such assumption.