Assignment by Buyer. Buyer may not assign or otherwise transfer any of its rights or obligations under this Agreement without obtaining the prior written consent of Seller, which consent shall not be unreasonably withheld. Notwithstanding the foregoing, Buyer may assign its rights under this Agreement to an Affiliate of Buyer without first obtaining Seller's consent. Notwithstanding any assignment pursuant to this Section, in no event shall Buyer be released from any of the obligations under this Agreement. Any assignment in violation of this section shall be null and void.
Appears in 4 contracts
Sources: Purchase and Sale Agreement (Hersha Hospitality Trust), Purchase and Sale Agreement (Hersha Hospitality Trust), Purchase and Sale Agreement (Hersha Hospitality Trust)
Assignment by Buyer. Buyer may shall not assign this Agreement or otherwise transfer any of its rights rights, duties or obligations under this Agreement hereunder without obtaining the prior written consent of Seller, which consent shall not be unreasonably withheld. Notwithstanding the foregoing, Buyer may assign its rights under this Agreement to an Affiliate of Buyer without first obtaining Seller's consent. Notwithstanding any assignment pursuant to this Section, in no event shall Buyer be released from any of the obligations under this Agreement. Any assignment in violation of this section shall be null and void.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement