Common use of SAFES Clause in Contracts

SAFES. On the Closing Date Contributors shall cause the delivery to Acquirers of all of Contributors’ keys to all safes and safe deposit boxes (collectively, the “safes”) at the Property. On or prior to the Closing Date, Contributors shall give written notices to those persons who have deposited items in any central safes (excluding in-room safes), advising them of the sale of the Hotel to Acquirers and requesting the removal or verification of their contents in the safes on the Closing Date. All such removals or verifications on the Closing Date shall be under the supervision of Contributors’ and Acquirers’ respective representatives. All contents which are to remain in the safes shall be recorded. Items belonging to guests who have not responded to such written notice by so removing or verifying their safe contents by the end of the day shall be recorded in the presence of the respective representatives. Any such contents so verified or recorded and thereafter remaining in the hands of Acquirers shall be the responsibility of Acquirers and Acquirers hereby agree to indemnify, defend and hold Contributors harmless from any liability therefor. Contributors hereby agree to indemnify and hold Acquirers harmless from any liability arising from claims by guests for any loss of contents in the safes not verified or recorded on the Closing Date.

SAFES. On the Closing Date Contributors Seller shall cause the delivery to Acquirers Purchaser of all of Contributors’ Seller’s keys or codes to all safes and safe deposit boxes (collectively, the “safes”) at the Property. On or prior to the Closing Date, Contributors Seller shall give written notices to those persons who have deposited items in any central safes (excluding in-room safes), advising them of the sale of the Hotel to Acquirers Purchaser and requesting the removal or verification of their contents in the safes on the Closing Date. All such removals or verifications on the Closing Date shall be under the supervision of Contributors’ Seller’s and Acquirers’ Purchaser’s respective representatives. All contents which are to remain in the safes shall be recorded. Items belonging to guests who have not responded to such written notice by so removing or verifying their safe contents by the end of the day shall be recorded in the presence of the respective representatives. Any such contents so verified or recorded and thereafter remaining in the hands of Acquirers Purchaser shall be the responsibility of Acquirers Purchaser and Acquirers Purchaser hereby agree agrees to indemnify, defend and hold Contributors Seller harmless from any liability therefor. Contributors Seller hereby agree agrees to indemnify and hold Acquirers Purchaser harmless from any liability arising from claims by guests for any loss of contents in the safes not verified or recorded on the Closing Date.

SAFES. On the Closing Date Contributors Seller shall cause the delivery to Acquirers Purchaser of all of Contributors’ Seller’s keys to all safes and safe deposit boxes (collectively, the “safes”) at the Property. On or prior to the Closing Date, Contributors Seller shall give written notices to those persons who have deposited items in any central safes (excluding in-room safes), advising them of the sale of the Hotel to Acquirers Purchaser and requesting the removal or verification of their contents in the safes on the Closing Date. All such removals or verifications on the Closing Date shall be under the supervision of Contributors’ Seller’s and Acquirers’ Purchaser’s respective representatives. All contents which are to remain in the safes shall be recorded. Items belonging to guests who have not responded to such written notice by so removing or verifying their safe contents by the end of the day shall be recorded in the presence of the respective representatives. Any such contents so verified or recorded and thereafter remaining in the hands of Acquirers Purchaser shall be the responsibility of Acquirers Purchaser and Acquirers Purchaser hereby agree agrees to indemnify, defend and hold Contributors Seller harmless from any liability therefor. Contributors Seller hereby agree agrees to indemnify and hold Acquirers Purchaser harmless from any liability arising from claims by guests for any loss of contents in the safes not verified or recorded on the Closing Date.. 36

SAFES. On the Closing Date Contributors Seller shall cause the delivery to Acquirers Purchaser of all of Contributors’ Seller’s keys to all safes and safe deposit boxes (collectively, the “safes”) at the Property. On or prior to the Closing Date, Contributors Seller shall give written notices to those persons who have deposited items in any central safes (excluding in-room safes), advising them of the sale of the Hotel to Acquirers Purchaser and requesting the removal or verification of their contents in the safes on the Closing Date. All such removals or verifications on the Closing Date shall be under the supervision of Contributors’ Seller’s and Acquirers’ Purchaser’s respective representatives. All contents which are to remain in the safes shall be recorded. Items belonging to guests who have not responded to such written notice by so removing or verifying their safe contents by the end of the day shall be recorded in the presence of the respective representatives. Any such contents so verified or recorded and thereafter remaining in the hands of Acquirers Purchaser shall be the responsibility of Acquirers Purchaser and Acquirers Purchaser hereby agree agrees to indemnify, defend and hold Contributors Seller harmless from any liability therefor. Contributors Seller hereby agree agrees to indemnify and hold Acquirers Purchaser harmless from any liability arising from claims by guests for any loss of contents in the safes not verified or recorded on the Closing Date.

SAFES. On the Closing Date Contributors Seller shall cause the delivery to Acquirers Purchaser of all of Contributors’ Seller's keys or codes to all safes and safe deposit boxes (collectively, the “"safes”") at the Property. On or prior to the Closing Date, Contributors Seller shall give written notices to those persons who have deposited items in any central safes (excluding in-room safes), advising them of the sale of the Hotel to Acquirers Purchaser and requesting the removal or verification of their contents in the safes on the Closing Date. All such removals or verifications on the Closing Date shall be under the supervision of Contributors’ Seller's and Acquirers’ Purchaser's respective representatives. All contents which are to remain in the safes shall be recorded. Items belonging to guests who have not responded to such written notice by so removing or verifying their safe contents by the end of the day shall be recorded in the presence of the respective representatives. Any such contents so verified or recorded and thereafter remaining in the hands of Acquirers Purchaser shall be the responsibility of Acquirers Purchaser and Acquirers Purchaser hereby agree agrees to indemnify, defend and hold Contributors Seller harmless from any liability therefortherefore. Contributors Seller hereby agree agrees to indemnify and hold Acquirers Purchaser harmless from any liability arising from claims by guests for any loss of contents in the safes not verified or recorded on the Closing Date.

SAFES. On the Closing Date Contributors shall cause the delivery to Acquirers Acquirer of all of Contributors’ keys to all safes and safe deposit boxes (collectively, the “safes”) at the Property. On or prior to the Closing Date, Contributors shall give written notices to those persons who have deposited items in any central safes (excluding in-room safes), advising them of the sale of the Hotel to Acquirers Acquirer and requesting the removal or verification of their contents in the safes on the Closing Date. All such removals or verifications on the Closing Date shall be under the supervision of Contributors’ and Acquirers’ Acquirer’s respective representatives. All contents which are to remain in the safes shall be recorded. Items belonging to guests who have not responded to such written notice by so removing or verifying their safe contents by the end of the day shall be recorded in the presence of the respective representatives. Any such contents so verified or recorded and thereafter remaining in the hands of Acquirers Acquirer shall be the responsibility of Acquirers Acquirer and Acquirers Acquirer hereby agree agrees to indemnify, defend and hold Contributors harmless from any liability therefor. Contributors hereby agree to indemnify and hold Acquirers Acquirer harmless from any liability arising from claims by guests for any loss of contents in the safes not verified or recorded on the Closing Date.