Common use of Owner’s Right to Assign Clause in Contracts

Owner’s Right to Assign. Subject to the provisions of section 7.03, Owner shall have the right at any time to sell, assign, transfer or otherwise dispose of all or any part of its Interest to any Person on the condition that such Person first enter into an agreement with Licensor, in form and substance satisfactory to Licensor, agreeing: (a) that the Hotel Agreements continue in full force in effect after such sale, assignment, transfer or other disposition; and (b) to assume all of the contractual obligations of Owner contained in the Hotel Agreements.

Owner’s Right to Assign. Subject to the provisions of section 7.0319.03, Owner shall have the right at any time to sell, assign, transfer or otherwise dispose of all or any part of its Interest to any Person on the condition that such Person first enter into an agreement with LicensorOperator, in form and substance satisfactory to LicensorOperator, agreeing: (a) that the Hotel Agreements continue in full force in effect after such sale, assignment, transfer or other disposition; and (b) to assume all of the contractual obligations of Owner contained in the Hotel Agreements.