Common use of Guests’ Property Clause in Contracts

Guests’ Property. All baggage or other property of patrons of the Property checked or left in care of Seller shall be listed in an inventory to be prepared by Manager in duplicate and signed by Seller's and Purchaser's representatives on the Closing Date. Purchaser shall be responsible from and after the Closing Date and will indemnify and hold Seller harmless from and against all claims for all baggage and property listed in such inventory. Seller shall indemnify and hold harmless Purchaser from and against claims for damage to or removal of any contents in baggage and property listed in such inventory and for baggage and property not listed in such inventory, but shown to have been left in custody at the Property prior to the Closing Date. All baggage or other property of guests retained by Seller as security for unpaid accounts receivable may be left on the Property without any responsibility or liability therefor on the part of Purchaser, for a period not to exceed one (1) month from Closing Date, within which time such baggage or other property shall be removed or otherwise disposed of by Seller.

Appears in 1 contract

Samples: Purchase and Sale Agreement (CNL Hotels & Resorts, Inc.)

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Guests’ Property. All baggage or other property of patrons of the a Property checked or left in care of any Seller and/or Operating Tenant or Manager shall be listed in an inventory to be prepared by Manager in duplicate and signed by Seller's Sellers’ and Purchaser's Buyer’s representatives on the Closing Date. Purchaser Buyer shall be responsible from and after the Closing Date and will indemnify and hold Seller Sellers harmless from and against all claims for all baggage and property listed in such inventory. Seller Sellers shall indemnify and hold harmless Purchaser Buyer from and against claims for damage to or removal of any contents in baggage and property listed in such inventory and for baggage and property not listed in such inventory, inventory but shown to have been left in custody at the a Property prior to the Closing Date. All baggage or other property of guests retained by Seller Sellers as security for unpaid accounts receivable may be left on the such Property without any responsibility or liability therefor on the part of PurchaserBuyer, for a period not to exceed one (1) month from Closing Date, within which time such baggage or other property shall be removed or otherwise disposed of by SellerSellers.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (CNL Hotels & Resorts, Inc.)

Guests’ Property. All baggage or other property of patrons of the Property checked or left in care of Seller shall be listed in an inventory to be prepared by Manager in duplicate and signed by Seller's ’s and Purchaser's ’s representatives on the Closing Date. Purchaser shall be responsible from and after the Closing Date and will indemnify and hold Seller harmless for, from and against all claims for all baggage and property listed in such inventory. Seller shall indemnify and hold harmless Purchaser for, from and against claims for damage to or removal of any contents in baggage and property listed in such inventory and for baggage and property not listed in such inventory, inventory but shown to have been left in custody at the Property prior to the Closing Date. All baggage or other property of guests retained by Seller as security for unpaid accounts receivable may be left on the Property without any responsibility or liability therefor on the part of Purchaser, for a period not to exceed one (1) month from Closing Date, within which time such baggage or other property shall be removed or otherwise disposed of by Seller.

Appears in 1 contract

Samples: Purchase and Sale Agreement (IMH Financial Corp)

Guests’ Property. All baggage or other property of patrons of the Property checked or left in care of Seller shall be listed in an inventory to be prepared by Manager in duplicate and signed by Seller's ’s and Purchaser's ’s representatives on the Closing Date. Purchaser shall be responsible from and after the Closing Date and will indemnify and hold Seller harmless from and against all claims for all baggage and property listed in such inventory. Seller shall indemnify and hold harmless Purchaser from and against claims for damage to or removal of any contents in baggage and property listed in such inventory and for baggage and property not listed in such inventory, inventory but shown to have been left in custody at the Property prior to the Closing Date. All baggage or other property of guests retained by Seller as security for unpaid accounts receivable may be left on the Property without any responsibility or liability therefor on the part of Purchaser, for a period not to exceed one (1) month from Closing Date, within which time such baggage or other property shall be removed or otherwise disposed of by Seller.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Analogic Corp)

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Guests’ Property. All baggage or other property of patrons of the Property checked or left in care of Seller shall be listed in an inventory to be prepared by Manager in duplicate and signed by Seller's and Purchaser's representatives on the Closing Date. Purchaser shall be responsible from and after the Closing Date and will indemnify and hold Seller harmless from and against all claims for all baggage and property listed in such inventory. Seller shall indemnify and hold harmless Purchaser from and against claims for damage to or removal of any contents in baggage and property listed in such inventory and for baggage and property not listed in such inventory, inventory but shown to have been left in custody at the Property prior to the Closing Date. All baggage or other property of guests retained by Seller as security for unpaid accounts receivable may be left on the Property without any responsibility or liability therefor on the part of Purchaser, for a period not to exceed one (1) month from Closing Date, within which time such baggage or other property shall be removed or otherwise disposed of by Seller.

Appears in 1 contract

Samples: Purchase Agreement (Pacific Gateway Properties Inc)

Guests’ Property. All baggage or other property of patrons of the Property checked or left in care of Seller shall be listed in an inventory to be prepared by Manager in duplicate and signed by Seller's ’s and Purchaser's ’s representatives on the Closing Date. Purchaser shall be responsible from and after the Closing Date and will indemnify and hold Seller harmless from and against all claims for all baggage and property listed in such inventory. Seller shall indemnify and hold harmless Purchaser from and against claims for damage to or removal of any contents in baggage and property listed in such inventory and for baggage and property not listed in such inventory, inventory but shown claimed to have been left in custody at the Property prior to the Closing Date. All baggage or other property of guests retained by Seller as security for unpaid accounts receivable may be left on the Property without any responsibility or liability therefor on the part of Purchaser, for a period not to exceed one (1) month from Closing Date, within which time such baggage or other property shall be removed or otherwise disposed of by SellerSeller and Seller shall indemnify and hold harmless Purchaser from and against claims for such baggage and property.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Pebblebrook Hotel Trust)

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