Termination or Assignment of Service Contracts. Seller shall deliver to Purchaser termination agreements or other evidence reasonably satisfactory to Purchaser that all Service Contracts that would be binding upon Purchaser or the Property have either been (a) terminated effective upon the Closing Date and at no cost to Purchaser or to the Property, or (b) assigned to Seller in its capacity as tenant of the Property or amended to clarify that Seller is no longer the owner of the Property, without any right of the applicable service provider to make a claim against Purchaser or the Property.
Appears in 3 contracts
Sources: Purchase and Sale Agreement (Tuesday Morning Corp/De), Purchase and Sale Agreement, Purchase and Sale Agreement (Tuesday Morning Corp/De)