Common use of Assignment of Operating Agreements Clause in Contracts

Assignment of Operating Agreements. Notwithstanding the terms and provisions of those certain Assignments of Operating Agreements to be executed by Buyer and Seller with respect to each project comprising the Property (the "Assignments") pursuant to the Agreement, Seller and Buyer hereby agree that only those operating agreements set forth on SCHEDULE A to any such Assignment that are cancellable upon thirty (30) days' notice shall be assigned by Seller and assumed by Buyer pursuant to any such Assignment. The assignment and assumption of any operating agreement listed on any such SCHEDULE A which is not so cancellable shall be void AB INITIO. The terms and provisions of this Paragraph 6 of this Sixth Amendment shall survive the Closing.

Assignment of Operating Agreements. Notwithstanding the terms and provisions of those that certain Assignments Assignment of Operating Agreements to be executed by Buyer and Seller with respect to each the project comprising the Property (the "AssignmentsAssignment") pursuant to the Agreement, Seller and Buyer hereby agree that only those operating agreements set forth on SCHEDULE A to any such Assignment that are cancellable upon thirty (30) days' notice shall be assigned by Seller and assumed by Buyer pursuant to any such Assignment. The assignment and assumption of any operating agreement listed on any such SCHEDULE A which is not so cancellable shall be void AB INITIO. The terms and provisions of this Paragraph 6 8 of this Sixth Amendment shall survive the Closing.

Assignment of Operating Agreements. Notwithstanding the terms and provisions of those that certain Assignments Assignment of Operating Agreements to be executed by Buyer and Seller with respect to each the project comprising the Property (the "AssignmentsAssignment") pursuant to the Agreement, Seller and Buyer hereby agree that only those operating agreements set forth on SCHEDULE A to any such Assignment that are cancellable upon thirty (30) days' notice shall be assigned by Seller and assumed by Buyer pursuant to any such Assignment. The assignment and assumption of any operating agreement listed on any such SCHEDULE A which is not so cancellable shall be void AB INITIO. The terms and provisions of this Paragraph 6 7 of this Sixth Amendment shall survive the Closing.