Service Agreements definition
Examples of Service Agreements in a sentence
Seller shall not enter into, materially modify or terminate any Service Agreements relating to the Property that would be binding upon the Property or Buyer after the Closing Date without the prior consent of Buyer.
Seller shall not enter into, materially modify or terminate any additional service contracts or other similar agreements relating to the Property or materially modify or terminate the Service Agreements without the prior consent of Buyer.
Seller shall deliver notices of termination on the Closing Date with respect to any Service Agreements identified by B▇▇▇▇ in a written notice from Buyer to Seller prior to Closing stating Buyer’s intention to have such contracts terminated.
Other than contracts constituting Transferred Assets under the Asset Purchase Agreement, Seller has not entered into any service agreements, equipment leasing contracts or other contracts relating to the Property which will be in force after the Closing, except for the Service Agreements and contracts recorded as of the date of this Agreement in the official records of the county in which the Property is located.
The Service Agreements are in full force and effect, have not been amended and, to Seller’s knowledge, are free from monetary default or material non-monetary default.