VPC Properties definition
Examples of VPC Properties in a sentence
Further, Purchaser will exercise all reasonable efforts to remove or replace Victory Hospital Properties, LLC, as soon as reasonably practicable, VPC Properties from all liabilities under such Guaranty and shall indemnify and hold harmless VPC Properties, in accordance with ARTICLE IX below, from any default with respect to the Real Estate Lease.
For purposes of this Section 7.5, the Parties hereto acknowledge and agree that VPC Properties is a third party beneficiary with respect to the indemnification obligations of Purchase upon a default as described herein..
In connection with this transaction, Purchaser will assume all warranties, guarantees, liabilities and other obligations of Victory Hospital Properties, LLC ("VPC Properties"), an Affiliate of Sellers, under that certain Guaranty executed by VPC Properties on June 9, 2011.