Common use of Radius Restriction Clause in Contracts

Radius Restriction. Subject to the provisions of ------------------ Section 13.4 below, during the Restricted Period, neither Seller nor any Seller ------------ Subsidiary shall own, lease, acquire, construct or manage any Full Service Hotel located within a three (3) mile radius of the Hotel.

Appears in 8 contracts

Samples: Purchase and Sale Agreement (American General Hospitality Corp), Purchase and Sale Agreement (American General Hospitality Corp), Purchase and Sale Agreement (American General Hospitality Corp)

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Radius Restriction. Subject to the provisions of ------------------ Section 13.4 below, during the Restricted Period, neither Seller nor any Seller ------------ Subsidiary shall own, lease, acquire, construct or manage any Full Service Hotel located within a three (3) mile radius of the Hotel.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Prime Hospitality Corp)

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