Examples of Hotel Sellers in a sentence
In furtherance of the foregoing, neither Hotel Sellers nor any Seller-Related Parties shall have any personal liability or other personal obligation with respect to the Ordinary Course of operations of the Hotels from the date of this Agreement until the Closing.
From and after January 31, 2011, neither the Hotel Sellers nor any Affiliates of the Hotel Sellers have withdrawn, and such Persons shall not withdraw, funds from the Hotels’ operating accounts.
Hotel Buyer acknowledges and agrees that all Documents and Materials delivered by Hotel Sellers to Hotel Buyer in connection with the transaction contemplated hereby are provided to Hotel Buyer as a convenience only and that any reliance on or use of such Documents and Materials by Hotel Buyer shall be at the sole risk of Hotel Buyer, except as otherwise expressly stated herein.
In the event any of the Improvements comprising the Hotels are damaged or destroyed by any casualty after the date of this Agreement but prior to the Closing Date, Hotel Sellers shall have no obligation to repair or replace any such damage or destruction.
Hotel Buyer hereby assumes full responsibility for such inspections and irrevocably waives any claim against Hotel Sellers and releases Hotel Sellers from all liability arising from the presence of Hazardous Materials on the Hotel Properties.
In the event that all or any portion of a Hotel Property shall be taken (or shall come under direct threat of being taken) in condemnation or under the right of eminent domain after the date of this Agreement and before the Closing, Hotel Sellers shall assign and turn over to Hotel Buyer, and Hotel Buyer shall be entitled to receive and keep, the award for the taking by eminent domain and there shall be no reduction in the Hotels Purchase Price.
It is recommended that the Operating Statement for Cherry Hill Food Services for the month ending September 2017 be accepted as submitted.
Not later than two days prior to the Closing, Hotel Sellers shall send, or cause Manager to send, written notice to guests or other persons who have safe deposit boxes at the Hotels advising of the sale of the Hotels and requesting verification or removal of the contents within five days.
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In no event shall Hotel Sellers have any obligation to pursue any claims against any insurer in connection with any such damage nor shall Hotel Sellers have any other responsibility or liability in connection therewith.