“Approval Date” means July 2,Ĭontracts” means the Service Contracts identified on the Schedule of Contracts attached hereto as Exhibit J (except for any such Service Contracts excluded pursuant to Section 2).ġ.5 Xxxx of Sale. Indicated person, any other person which controls, is controlled by or is under common control with such indicated person.ġ.3 Approval Date. Means that certain settlement agreement affecting the Hotel dated June 29, 2009.ġ.2 Affiliate. IN CONSIDERATION OF the mutual covenants and conditions contained herein, parties hereto (together, the “ Parties”Īnd each, sometimes, a “ Party”) do hereby agree and covenant with each other as follows:ġ.1 ADA Settlement Agreement. June 30, 2010 (the “ Effective Date”), amongĬR/TPG Xxxxxx Hotel LLC a Delaware limitedĬhesapeake Lodging, L.P., a Delaware limited partnership (“Buyer”). THIS AGREEMENT OF PURCHASE AND SALE OF REAL PROPERTY AND JOINT ESCROW INSTRUCTIONS (this “Agreement”) is made as of LIQUIDATED DAMAGES AND LIMITATIONS OF REMEDIES FOR BUYER’S BREACHĪ Delaware limited liability company (“Seller”),Ī Delaware limited partnership (“Buyer”). Limitation on Remedies for Seller’s Breach Maintenance of Confidentiality by Escrow Agent Termination of Hotel Management Agreement Utility Deposits Loan Impounds and Debt Service Prorations, Credits and Other Adjustments Objectionable Title Matters and Permitted Exceptions Extension of Closing Date for Notice and Cure Termination for Objectionable Title Matter
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