Assignment of Service Contracts. At Closing, Seller shall assign to Buyer all service contracts that Buyer elects to assume, and Seller shall also assign to Buyer all construction and equipment warranties related to the Property to the extent assignable, pursuant to an assignment of contracts and warranties in the form attached as Exhibit D (the “Assignment of Contract and Warranties”).
Assignment of Service Contracts. An assignment and assumption of all Service Contracts (excluding the Rejected Contracts) in form reasonably satisfactory to Buyer’s and Seller’s counsel.
Assignment of Service Contracts. An assignment of maintenance and service contracts, which will include an indemnification by Seller of Buyer for all owner obligations accruing prior to the Date of Closing.
Assignment of Service Contracts. For each of the Facilities, an assignment of all service contracts not terminated prior to Closing; (h)
Assignment of Service Contracts. Assignor hereby assigns, conveys, transfers, and sets over unto Assignee all of Assignor’s right, title, and interest in, to and under those certain service, maintenance, and other contracts and concessions respecting the use, maintenance, development, sale, or operation of the Property or any portion thereof, and all transferable guarantees and warranties for the Property, which are set forth on Schedule 2 attached hereto and incorporated herein, together with all amendments, extensions, renewals, and modifications thereto, to the extent assignable (collectively, the “Service Contracts”), together with all rights and privileges and subject to the covenants and conditions therein mentioned, including any warranties or guaranties with respect to any work performed pursuant to the Service Contracts, to have and to hold the same unto Assignee, its successors and assigns.
Assignment of Service Contracts. Assignor hereby assigns, conveys, transfers, and sets over unto Assignee all of Assignor's right, title, and interest in, to and under (i) those certain service, maintenance, and other contracts and concessions respecting the use, maintenance, development, sale, or operation of the Property or any portion thereof that are set forth on Schedule 2 and Schedule 3 attached hereto and incorporated herein, and (ii) all transferable guarantees and warranties for the Property (together with all amendments, extensions, renewals, and modifications thereto, collectively, the "Service Contracts"), together with all rights and privileges and subject to the covenants and conditions therein mentioned, LEGAL02/34316885v6 including any warranties or guaranties with respect to any work performed pursuant to the Service Contracts, to have and to hold the same unto Assignee, its successors and assigns.
Assignment of Service Contracts. An Assignment and Assumption of Service Contracts pursuant to which, among other things, (A) Seller and/or Seller's property manager shall assign to Purchaser all right, title and interest of Seller and/or Seller's property manager, as buyer, in, to and under the Service Contracts which are to be assigned hereunder, and Purchaser shall assume all obligations of Seller and/or Seller's property manager under such Service Contracts with respect to any event, fact or circumstance that occurs, from and after the Closing Date; (B) Seller shall defend, indemnify and hold harmless Purchaser from and against any defaults by the buyer under such Service Contracts with respect to any event, fact or circumstance that occurs prior to the Closing Date, and Purchaser shall defend, indemnify and hold harmless Seller and/or Seller's property manager from and against any defaults by the buyer under such Service Contracts with respect to any event, fact or circumstance that occurs from and after the Closing Date; and (C) the total liability of Seller for breach thereof shall be limited to Seller's interest in the Subject Property or the proceeds from the sale thereof, as the case may be, and the total liability of Purchaser for breach thereof shall be limited to Purchaser's interest in the Subject Property.
Assignment of Service Contracts an executed counterpart of the Assignment of Service Contracts.
Assignment of Service Contracts. At each Residence Closing, Seller shall assign to Purchaser Seller's interest in the Service Contracts and the Related Interests comprising a part of such Construction Residence by a duly executed assignment and Purchaser shall assume Seller's obligations thereunder and first arising on or after the Residence Closing Date by a duly executed assumption.
Assignment of Service Contracts. With respect to the Assumed Contracts, Seller shall, on the Closing Date set forth in Section 4 of this Agreement (the "Closing Date"), or as soon thereafter as practicable, assign to Purchaser all of the related, underlying contracts for the rental of apartments, furniture, and housewares and all of the unrelated underlying contracts for the provision of electric usage, cable television service, water, sewer, telephone service and so on (all such contracts are referred to hereinafter the "Service Contracts"). Upon such assignment, Purchaser shall (a) be entitled to all of Seller's rights (including the right to the return of all security deposits, if any, paid by Seller), (b) assume all of Seller's obligations, and (c) make all further payments due under the terms of the Service Contracts, as though the named party to each Service Contract.
