Common use of Initial Transition Clause in Contracts

Initial Transition. Simultaneously with the execution of this Lease, Lessee shall acquire for fair market value from the contributor of the Leased Property to Lessor all deposits, prepaid revenue and similar accounts, and Inventory existing at or with respect to the Leased Property as of the Commencement Date. ARTICLE ------- 2

Appears in 5 contracts

Samples: Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust)

AutoNDA by SimpleDocs

Initial Transition. Simultaneously with the execution of this Lease, Lessee shall acquire for fair market value from the contributor of the Leased Property to Lessor all deposits, prepaid revenue and similar accounts, and Inventory existing at or with respect to the Leased Property as of the Commencement Date. ARTICLE ------- 2.

Appears in 4 contracts

Samples: Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.