Common use of CAPITAL PROGRAM Clause in Contracts

CAPITAL PROGRAM. Seller hereby covenants and agrees that it will --------------- complete, prior to the Closing Date, all of the work described in Exhibit C --------- hereto (the "Capital Program") at Seller's sole cost and expense, subject to receipt of applicable permits which Seller shall use best efforts to obtain.

Appears in 3 contracts

Sources: Hotel Purchase Agreement (American General Hospitality Corp), Hotel Purchase Agreement (American General Hospitality Corp), Hotel Purchase Agreement (American General Hospitality Corp)