Assignment of Intangible Personal Property. Assignor hereby assigns, transfers and conveys to Assignee all of Assignor’s right, title and interest in and to all of the Intangible Personal Property, excluding the Hotel Agreements. The Advance Bookings, which are a part of the Intangible Personal Property are set forth in Exhibit “B”, and Assignee accepts and agrees to assume the obligations of Assignor under the Advance Bookings occurring after the Effective Date (as hereinafter defined).
Appears in 3 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Moody National REIT I, Inc.), Agreement of Purchase and Sale (Moody National REIT I, Inc.)