ASSIGNMENT OF LEASES AND SERVICE CONTRACTS. An assignment and assumption of Leases and Service Contracts and other Intangible Property (the "Assignment") in substantially the form set forth as EXHIBIT H attached hereto, assigning to Buyer all of Seller's right, title and interest in and to the Leases and Service Contracts (that Buyer shall have elected or elects to assume) and other Intangible Property with a cross-indemnity between Seller and Buyer, with Seller indemnifying Buyer with respect to any liability arising under the Leases and Service Contracts for the period up to, but not including, the Closing Date, and Buyer indemnifying Seller with respect to any liability arising under the Leases and Service Contracts arising on and after the Closing Date, respectively, and with an express assumption by Buyer of Seller's obligations under the Leases and Service Contracts arising on and after the Closing Date.
Appears in 14 contracts
Samples: Purchase and Sale Agreement (Conam Realty Investors 4 L P), Purchase and Sale Agreement (Conam Realty Investors 5 L P), Purchase and Sale Agreement (Conam Realty Investors 4 L P)
