Examples of Utility Reservations in a sentence
Article 1(a) Title Commitments Section 6.2(a) Title Company Section 6.2(a) Title Review Period Section 6.2(b) Uniform System of Accounts Article 1(b) Utility Reservations Article 1(a) PURCHASE AGREEMENT THIS PURCHASE AGREEMENT (this "Agreement") is executed as of the 18th day of May, 2001 (the "Contract Date") by RESIDENCE INN III LLC, a Delaware limited liability company ("Seller") and APPLE HOSPITALITY TWO INC., a Virginia corporation ("Purchaser").
A "special warranty" xxxx of sale transferring ------------ Seller's interest in all FF&E, Supplies, Warranties, Licenses, Tradenames, Plans and Specs, Utility Reservations, Records, Deposits, Cash and Equivalents, and other personal property in a form reasonably acceptable to both Purchaser and Seller (the "XXXX OF SALE").
Seller will cause Manager to assist Buyer in connection with the preparation of any requests or documentation necessary to transfer the Utility Reservations to Buyer, at Buyer’s sole cost and expense, in connection with the Closing for the Hotel.
Without limiting the foregoing, Seller shall instruct Manager to deliver to Purchaser by Closing (i) summaries of occupancies, rates, and total food and beverage volumes, (ii) updated Financial Statements, and (iii) an update, if any is necessary, of the Schedule of Service Contracts, the Schedule of Tangible Personal Property Leases, the Schedule of Leases, and the Schedule of Deposits and Utility Reservations, along with a true copy of any new written agreements described therein.
Such instruments shall include, if appropriate, any documents required to effectively transfer the Utility Reservations by Seller to Purchaser.