Examples of Current Owner in a sentence
If a requestor whose liability arises solely as a result of ownership, operation of or involvement with the site, submit a statement describing why you should be considered a volunteer – bespecific as to the appropriate care taken.Requestor’s Relationship to Property (check one):Prior Owner Current Owner Potential /Future Purchaser Other If requestor is not the current site owner, proof of site access sufficient to complete the remediationmust be submitted.
Under the terms of the agreement between the Current Owner and Hyatt dated December 11, 1987, as amended on September 12, 1988, February 15, 1990 and October 1, 1994 (the "Management Agreement"), Hyatt is obligated to provide all services in relation to the operation of the Hotel Property and collect all hotel receipts.
Therefore, in connection with its purchase of the Hotel Property, the Operating Partnership will assume all of the obligations of the Current Owner under the Management Agreement.
Section 15.2 of the Management Agreement requires that all assignments of the Management Agreement be approved by Hyatt and that any assignees expressly assume the obligations of the Current Owner under the Management Agreement.
OVERVIEW Crescent Real Estate Equities Limited Partnership (the "Operating Partnership") is about to purchase the Hyatt Regency Beaver Creek (the "Hotel Property") from East West Properties (the "Current Owner").