Examples of Approved Service Contracts in a sentence
Seller shall be responsible for all obligations thereunder attributable to the period prior to the Closing Date with respect to Approved Service Contracts (except to the extent that Buyer shall have received a credit hereunder with respect to any such obligations).
Buyer shall protect, hold harmless, indemnify and defend Seller and its directors, officers, agents, affiliates, principals, partners, shareholders, representatives and controlling persons from any Losses attributable to the period beginning on and after the Closing Date with respect to the Approved Service Contracts.
At the Close of Escrow, Seller shall assign to Buyer pursuant to the terms of the General Assignment and Assumption Agreement, all right, title and interest of Seller in and to the Approved Service Contracts and other Intangible Property, and Buyer shall assume all of the obligations of Seller under the Approved Service Contracts arising from and after the Close of Escrow.
There are no Service Contracts which will affect the Property after the Closing Date except for the Approved Service Contracts.
On the Close of Escrow, Seller shall assign to Buyer the Approved Service Contracts pursuant to the Xxxx of Sale (as defined below).
Seller shall assign all of Seller’s interest in the Construction Contracts and Warranties and all of Seller’s interest in the Approved Service Contracts (collectively, the “Contracts”) to Buyer and Buyer shall assume the Contracts, by a duly executed Assignment and Assumption of Contracts (the “Assignment of Contracts”) in the form of Exhibit D attached hereto.
Per: EXHIBIT A [Description of Approved Service Contracts] SCHEDULE B ASSIGNMENT OF LEASES THIS AGREEMENT made as of the ___ day of ________, 2008.
Prior to the last day of the Inspection Period, Purchaser shall notify Seller and list those Service Contracts which Purchaser desires to assume upon Closing (the "Approved Service Contracts").
Subject to Paragraphs 14(a) and 14(b) above, from and after the date of this Agreement and continuing throughout the Escrow Period, Seller shall (i) operate and manage the Property in the ordinary course and consistent with Seller’s past practices, (ii) maintain all insurance policies presently in effect, and (iii) perform when due, and otherwise comply with, all of Seller’s obligations and duties under the Leases and Approved Service Contracts.
The Vendors covenant and agree with the Purchaser that the Vendors will indemnify and save harmless the Purchaser from and against all obligations which were to be observed or performed by the Vendors under the Approved Service Contracts prior to the Closing Date and against any and all liabilities of every nature and kind under the Approved Service Contracts arising from any default of the Vendors thereunder occurring prior to the Closing Date.