Service Contracts Sample Clauses

Service Contracts. Lessee shall, at Lessee’s sole expense, procure and maintain contracts, with copies to Lessor, in customary form and substance for, and with contractors specializing and experienced in the maintenance of the following equipment and improvements, if any, if and when installed on the Premises: (i) HVAC equipment, (ii) boiler and pressure vessels, and (iii) clarifiers. However, Lessor reserves the right, upon notice to Lessee, to procure and maintain any or all of such service contracts, and Lessee shall reimburse Lessor, upon demand, for the cost thereof.
Service Contracts. Lessee shall, at Lessee's sole expense, procure and maintain contracts, with copies to Lessor, in customary form and substance for, and with contractors specializing and experienced in the maintenance of the following equipment and improvements, if any, if and when installed on the Premises: (i) HVAC equipment, (ii) boiler, and pressure vessels, (iii) fire extinguishing systems, including fire alarm and/or smoke detection, (iv) landscaping and irrigation systems, (v) roof covering and drains, (vi) driveways and parking lots, (vii) clarifiers (viii) basic utility feed to the perimeter of the Building, and (ix) any other equipment, if reasonably required by Lessor.
Service Contracts. Within three (3) business days prior to the expiration of the Contingency Period, Buyer will advise Seller in writing which Service Contracts Buyer will assume and which Service Contracts Buyer requests be terminated at Closing, provided Seller shall have no obligation to terminate, and Buyer shall be obligated to assume, any Service Contracts which by their terms cannot be terminated without penalty or payment of a fee or other cost to Seller. Seller shall deliver at Closing notices of termination of all Service Contracts that are not so assumed and Buyer shall be responsible for any charges applicable to periods commencing with the Closing. Notwithstanding the foregoing, Seller shall terminate, as of the Closing Date, all existing management and leasing agreements with respect to the Property.
Service Contracts. Property Manager may enter into or renew any contract with any unrelated third party for cleaning, maintaining, repairing or servicing the Property or any portion thereof (including, but not limited to, contracts for fuel oil, security or other protection, or extermination, janitorial, landscaping, architectural or engineering services) (collectively, the “Service Contracts”) contemplated by the Budget and consistent with the Operating Plan. Each such Service Contract shall (a) be in the name of Company or in the name of Property Manager as agent for the Company; (b) be assignable to the nominee of the Company; and (c) be for a term not to exceed one (1) year, unless the circumstances require otherwise, in the sole discretion of Property Manager. Unless Company specifically waives such requirements, all Service Contracts for amounts in excess of $100,000 per year shall be subject to the bidding requirements specified in Section 7.2 above. If this Agreement expires or is terminated pursuant to Section 15 below, Property Manager shall assign to Company or the nominee of Company all, to the extent assignable, of Property Manager’s interest, if any, in and to the Service Contracts.
Service Contracts. On or prior to the Closing Date, Purchaser will advise Seller in writing which Service Contracts Purchaser requests that Seller or the Subsidiary terminate at or prior to Closing, provided Seller and the Subsidiary shall have no obligation to terminate any Service Contracts which by their terms cannot be terminated without penalty or payment of a fee (unless Purchaser agrees in writing to pay such fee). Seller shall deliver at Closing notices of termination of all Service Contracts that Purchaser so directs. The Subsidiary shall from and after the Closing Date continue to be bound by those Service Contracts (a) that Purchaser has elected not to have Seller or the Subsidiary terminate, and (b) for which a termination notice is delivered as of or prior to Closing but for which termination is not effective until after Closing.
Service Contracts. Lessee shall, at Lessee’s sole expense, procure and maintain contracts for the regular and periodic monitoring, inspection, testing, and/or preventative maintenance, as appropriate (“Service Contracts”), with copies to Lessor, in customary form and substance for, and with contractors specializing and experienced in, the following equipment and/or improvements installed on the Premises, if any: (i) heating, ventilation, air conditioning, refrigeration, boilers and pressure vessels, (ii) sump pumps and lift stations, (iii) fire sprinklers and life safety, (iv) landscaping and irrigation; (v) roof covering and drains, (vi) dock doors, levelers and truck restraints, (vii) emergency or standby generators, (viii) storm water pollution prevention, and (ix) other mechanical systems reasonably required. by Lessor. If Lessee fails to procure and maintain any of the Service Contracts as required above, Lessor reserves the right, upon notice to Lessee, to procure and maintain any or all of the Service Contracts, and Lessee shall reimburse Lessor, upon demand, for the expense thereof as provided in fills Lease.
Service Contracts. Lessee shall, at Lessee's sole expense, procure and maintain contracts, with copies to Lessor, in customary form and substance for, and with contractors specializing and experienced in the maintenance of the following equipment and improvements, ("Basic Elements"), if any, if and when installed on the Premises: (i) HVAC equipment, (ii) fire extinguishing systems, including fire alarm and/or smoke detection, and (iii) elevator.
Service Contracts. With respect to any contracts that are assumed by Buyer and survive the Closing, Seller shall receive a credit for prepaid charges and premiums applicable to Buyer’s period of ownership. The Buyer shall receive a credit for any payments made in arrears. In addition and without limitation of the foregoing, Buyer shall receive a credit under any assumed contract (each a “Service Provider Contract”) in which Seller has received any advance payments or other income from the servicer provider under such Service Provider Contract in exchange for agreeing to enter into such Service Contract (regardless of whether such advance payment or other income was paid in a lump sum or in installments). Any lump sum payments shall be pro-rated on a straight line basis over the term of any applicable Service Provider Contract.
Service Contracts. Except for the Leases set forth on Schedule 1.5-1 and the Service Contracts set forth on Schedule 5.2.3, Seller has not entered into any agreements, written or oral, relating to the management, leasing, operation, maintenance and/or improvement of the Property or any portion thereof that would bind Buyer after the Closing Date. To the best of Seller’s knowledge, Seller has not delivered or received any written notice alleging any default in the performance or observance of any of the covenants, conditions or obligations to be kept, observed or performed under any of the Service Contracts to be retained by Buyer post closing. To the best of Seller’s knowledge, Seller has delivered to Buyer a true, correct and complete copy of each of the Service Contracts (including all amendments thereto).