Resort definition
Examples of Resort in a sentence
Purchaser shall be responsible for WARN Act obligations, if any, solely to the extent arising directly and exclusively from Purchaser’s post-Closing actions with respect to any Hotel or Resort employees, and subject to the limitations set forth in Section 8.3.3.
Except for (a) the Marriott Lease Agreement and (b) the Verizon Lease, the FedEx Lease, and the MVCI Agreement (collectively, the Verizon Lease, the FedEx Lease and MVCI Agreement are referred to herein as the “Seller Space Agreements”), Seller is not a party to any Space Leases, leases or licenses which provide for the use and occupancy of space or facilities at the Resort.
Subject to the terms set forth in this Agreement, at Closing, Seller shall sell, convey, transfer, assign and deliver to Purchaser, and Purchaser shall purchase and accept from Seller the Resort, including the property and assets more particularly set forth in this Section 2.1 below, but expressly excluding any Excluded Property (collectively, the “Property”).
Seller desires to sell the Property (as defined below), including the Resort (as defined below), to Purchaser, and Purchaser desires to purchase the Property from Seller, on the terms and subject to the covenants and conditions hereinafter set forth.
Except as described on Schedule 7.1.17, to Seller’s Knowledge, neither Seller nor Manager has received any written notice from any governmental authority of any violation of an Applicable Law (including, without limitation, any Environmental Laws) which would have a Material Adverse Effect on the value or operation of the Resort, and which has not been corrected or cured as of the date hereof.