Common use of Your Transfer Clause in Contracts

Your Transfer. We recognize that at some time, you may want to sell or transfer all or part of your interest in this Agreement, or in the Hotel. At the same time, you understand and acknowledge that the rights and duties set forth in this Agreement are personal to you, and that we are entering into this Agreement in reliance on your business skill, financial capacity, and personal character (if you are an individual), and that of your partners, members or stockholders (if you are a partnership, company, corporation or other legal entity). As a result, you agree that if you desire to sell, transfer or lease your interest in this Agreement, or in the Hotel, or in any entity that has an interest in this Agreement or the Hotel, you will abide by the terms of this Subparagraph 11.b.

Your Transfer. We recognize that at some time, you or other persons associated with you or the Hotel may want to sell or transfer all or part of your an interest in this Agreement, the Licensee or in the Hotel. At the same time, you understand and acknowledge that the rights and duties set forth in this Agreement are personal to you, and that we are entering into this Agreement in reliance on your business skill, financial capacity, and personal character (if you are an individual), and that of your officers, directors, partners, members members, stockholders or stockholders trustees (if you are a partnership, company, corporation corporation, trust or other legal entity). As a result, you agree that if you or other persons associated with you or the Hotel desire to sell, transfer or lease your an interest in this Agreement, the Licensee or in the Hotel, or in any entity that has an interest in this Agreement Agreement, the Licensee or the Hotel, you will abide by the terms of this Subparagraph 11.b.