Common use of Bulk Sales Clause in Contracts

Bulk Sales. At Seller’s risk and expense, Seller shall take all steps necessary to comply with the requirements of a transferor under all bulk transfer laws, if any, that are applicable to the transactions contemplated by this Contract.

Appears in 148 contracts

Samples: Purchase Contract (Apple REIT Nine, Inc.), Purchase Contract (Apple REIT Nine, Inc.), Purchase Contract (Apple REIT Nine, Inc.)

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Bulk Sales. At Seller’s risk and expense, Seller shall take all steps necessary to comply with the requirements of a transferor under all bulk transfer laws, if any, that are applicable to the transactions contemplated by this ContractAgreement.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Apple REIT Seven, Inc.), Agreement of Purchase and Sale (Apple REIT Nine, Inc.)

Bulk Sales. At each Seller’s risk and expense, Seller shall take all steps necessary to comply with the requirements of a transferor under all bulk transfer laws, if any, that are applicable to the transactions contemplated by this Contract.

Appears in 2 contracts

Samples: Purchase Contract (Apple Reit Six Inc), Purchase Contract (Apple REIT Seven, Inc.)

Bulk Sales. At each Seller’s risk and expense, Seller shall take all steps necessary to comply with the requirements of a transferor under all bulk transfer laws, if any, that are applicable to the transactions contemplated by this Contract, including, without limitation, the payment of any and all bulk sales taxes to the taxing authority entitled thereto.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Eight, Inc.)

Bulk Sales. At Seller’s risk and expense, Seller shall take all steps reasonably necessary to comply with the requirements of a transferor under all bulk transfer laws, if any, that are applicable to the transactions contemplated by this Contract.

Appears in 1 contract

Samples: Purchase Contract (Apple Hospitality Five Inc)

Bulk Sales. At Seller shall either: (i) at each Seller’s risk and expense, Seller shall take all steps necessary to comply with the requirements of a transferor under all bulk transfer laws, if any, that are applicable to the transactions contemplated by this Contract; or (ii) indemnify Buyer for any lien, liability, cost or expense (including attorney’s fees) that results from Seller’s failure to comply with such bulk transfer laws. In all events, Seller shall be responsible for the payment of any and all bulk sales taxes.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Eight, Inc.)

Bulk Sales. At Seller’s 's risk and expense, Seller shall take all steps reasonably necessary to comply with the requirements of a transferor under all bulk transfer laws, if any, that are applicable to the transactions contemplated by this ContractAgreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Apple Hospitality Five Inc)

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Bulk Sales. At Seller’s 's risk and expense, Seller shall take all steps reasonably necessary to comply with the requirements of a transferor under all bulk transfer laws, if any, that are laws applicable to the transactions contemplated by this Contract.

Appears in 1 contract

Samples: Escrow Agreement (Apple Hospitality Five Inc)

Bulk Sales. At Seller’s risk and expense, Seller shall take all steps necessary to comply with the requirements of a transferor under all bulk transfer laws, if any, that are applicable to the transactions contemplated by this Contract. Buyer shall cooperate with Seller as reasonably requested in connection therewith.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Seven, Inc.)

Bulk Sales. At Seller’s risk and expense, Seller shall take all steps reasonably necessary to comply with the requirements of a transferor under all bulk transfer laws, if any, that are laws applicable to the transactions contemplated by this Contract. Seller shall be responsible for paying any bulk sales tax which may be imposed on the transaction.

Appears in 1 contract

Samples: Purchase Contract (Apple Reit Six Inc)

Bulk Sales. At Seller’s risk and expense, Seller shall take all steps necessary to comply with the requirements of a transferor under all bulk transfer laws, if any, that are applicable to the transactions contemplated by this Contract, including, without limitation, the payment of any and all bulk sales taxes to the taxing authority entitled thereto.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Eight, Inc.)

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