Common use of Membership Contracts Clause in Contracts

Membership Contracts. Upon expiration or earlier termination of -------------------- this Lease, Tenant shall assign to Landlord any membership contracts relating to golf courses, spas or other facilities in which there are nonequity interests entered into by Tenant during the Term, and Landlord agrees to assume the obligations of Tenant under any such membership contracts arising from and after the date of expiration or earlier termination of this Lease.

Appears in 3 contracts

Samples: Lease Agreement (Crestline Capital Corp), Lease Agreement (HMC Merger Corp), Lease Agreement (HMC Merger Corp)

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Membership Contracts. Upon expiration or earlier -------------------- termination of -------------------- this Lease, Tenant shall assign to Landlord any membership contracts relating to golf courses, spas or other facilities in which there are nonequity interests entered into by Tenant during the Term, and Landlord agrees to assume the obligations of Tenant under any such membership contracts arising from and after the date of expiration or earlier termination of this Lease.

Appears in 2 contracts

Samples: Lease Agreement (Host Marriott L P), Lease Agreement (Host Marriott Corp/)

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