Examples of Assumed Contracts in a sentence
The Parties shall prorate all rent and other payments payable by Seller under all Assumed Contracts, including real estate and personal property taxes, assessments and other similar charges, for the calendar month during which the Closing Date occurs, as applicable.
Failure by Buyer to give notice of such list of Assumed Contracts will result in Buyer’s waiver of its right to assume such Contracts at Closing.
Notwithstanding any provision to the contrary contained in this Agreement, Seller shall use its best efforts and work cooperatively with Buyer to obtain any required consent for assignment of the Assumed Contracts prior to the Closing, and any and all liability resulting from the failure to obtain any required consent for assignment of the Assumed Contracts shall rest with Seller.
This indemnification shall include any breach by Buyer or Adventist Health of any Assumed Contracts or Assumed Liabilities to the extent assumed by Buyer or Adventist Health pursuant to Section 2.3; however, said indemnity shall not apply to any liability arising prior to the Closing Date in accordance with the terms of the Contracts and Assumed Liabilities assumed by Buyer pursuant to Section 2.3.
Seller also shall obtain and deliver to Buyer a Final Order entered in the Chapter 9 Proceeding in form and substance reasonably acceptable to Buyer authorizing and directing Seller to assume and assign to Buyer the Assumed Contracts identified in Section 2.3.