Common use of Required Assignment Clause in Contracts

Required Assignment. Upon the consummation of the initial public ------------------- offering of the shares of WHC as currently contemplated for at least Twenty Five Million Dollars ($25,000,000), the initial Tenant named herein shall be required to assign its interest under this Agreement, directly or indirectly, to a corporate subsidiary of WHC, wholly owned by WHC. Simultaneously with the foregoing assignment, Wyndham shall execute and deliver to Landlord the Stock Pledge Agreement, which pledge Landlord agrees to subordinate to the lien of a Lending Institution as provided in this Agreement.

Required Assignment. Upon the consummation of the initial public ------------------- offering of the shares of WHC as currently contemplated for at least Twenty Five Million Dollars ($25,000,000), the initial Tenant named herein shall be required to assign its interest under this Agreement, directly or indirectly, to a corporate subsidiary of WHC, wholly owned by WHC. Simultaneously with the foregoing assignment, Wyndham shall execute and deliver to Landlord the Stock Pledge Agreement, which pledge Landlord agrees to subordinate to the lien of a Lending Institution as provided in this Agreement.. 76 -69-