Hotel Improvements. To Seller’s Knowledge, Licensor has not identified or requested any repairs, improvements or alterations other than those disclosed by the Existing PIPS.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Moody National REIT I, Inc.)
Hotel Improvements. To Seller’s Knowledge, Licensor has not identified or requested any repairs, improvements or alterations other than those disclosed by the Existing PIPS. Seller has no knowledge of any deficiencies which are not in compliance with current Licensor standards, including, but not limited to, any prior PIPs which are outstanding or overdue.
Appears in 1 contract
Sources: Agreement of Purchase and Sale (Moody National REIT I, Inc.)