Common use of Material Alterations Clause in Contracts

Material Alterations. Sellers shall not perform any material alterations to the Property, except for ongoing improvements and renovations in the ordinary course of business in substantially the same manner as currently performed.

Appears in 4 contracts

Sources: Real Estate Purchase and Sale Agreement (Summit Hotel Properties, Inc.), Real Estate Purchase and Sale Agreement (Summit Hotel Properties, Inc.), Real Estate Purchase and Sale Agreement (American Realty Capital Hospitality Trust, Inc.)