Permitted Assignee. Each Buyer, and any Person that controls, directly or indirectly, such Buyer, satisfies all requirements set forth in each of the Management Agreements and Franchise Agreements for such Buyer to become a party to each such Management Agreement and Franchise Agreement (or to enter into a new Franchise Agreement with each Franchisor). Each Buyer has received all required “Franchise Disclosure Documents” in respect of each of the Franchise Agreements.
Appears in 2 contracts
Sources: Asset Purchase Agreement (Northstar Realty Finance Corp.), Asset Purchase Agreement (Inland American Real Estate Trust, Inc.)
Permitted Assignee. Each Buyer, and any Person that controls, directly or indirectly, such Buyer, satisfies all requirements set forth in each of the Management Agreements and Franchise Agreements for such Buyer to become a party to each such Management Agreement and Franchise Agreement (or to enter into a new Franchise Agreement with each Franchisor). Each Buyer has received all required “Franchise Disclosure Documents” in respect of each of the Franchise Agreements.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Lightstone Value Plus Real Estate Investment Trust Ii Inc)