Common use of ASSUMPTION AND RETENTION OF OBLIGATIONS, INDEMNIFICATION AND LIMITATIONS Clause in Contracts

ASSUMPTION AND RETENTION OF OBLIGATIONS, INDEMNIFICATION AND LIMITATIONS. 37 14.1 Buyer’s Assumption of Liabilities and Obligations 37 14.2 Seller’s Retention of Liabilities and Obligations 38 14.3 Suspended Funds 38 14.4 Proceeds and Invoices for Property Expenses Received After the Final Settlement Date 38 14.5 Indemnification 38 14.6 Procedure 39 14.7 Dispute Resolution 40 14.8 Reservation as to Non-Parties 41 14.9 Limitation on Damages 41 ARTICLE 15 MISCELLANEOUS 43 15.1 Expenses 43 15.2 Notices 44 15.3 Amendments/Waiver 44 15.4 Assignment 44 15.5 Announcements 45 15.6 Counterparts/Fax Signatures 45 15.7 Governing Law 45 15.8 Entire Agreement 45 15.9 Knowledge 45 15.10 Binding Effect 45 15.11 No Third-Party Beneficiaries 45 15.12 Severability 45 15.13 Interpretation 46 15.14 Change of Name 46 15.15 Schedules 46 15.16 References, Titles and Construction 46

ASSUMPTION AND RETENTION OF OBLIGATIONS, INDEMNIFICATION AND LIMITATIONS. 37 34 14.1 Buyer’s Assumption of Liabilities and Obligations 37 34 14.2 Seller’s Retention of Liabilities and Obligations 38 34 14.3 Suspended Funds 38 34 14.4 Proceeds and Invoices for Property Expenses Received After the Final Settlement Date 38 34 14.5 Indemnification 38 35 14.6 Procedure 39 36 14.7 Dispute Resolution 40 36 14.8 Reservation as to Non-Parties 41 37 14.9 Limitation on Damages 41 37 ARTICLE 15 MISCELLANEOUS 43 40 15.1 Expenses 43 40 15.2 Notices 44 40 15.3 Amendments/Waiver 44 41 15.4 Assignment 44 41 15.5 Announcements 45 41 15.6 Counterparts/Fax Signatures 45 41 15.7 Governing Law 45 41 15.8 Entire Agreement 45 41 15.9 Knowledge 45 42 15.10 Binding Effect 45 42 15.11 No Third-Party Beneficiaries 45 42 15.12 Severability 45 42 15.13 Interpretation 46 42 15.14 Change of Name 46 42 15.15 Schedules 46 42 15.16 References, Titles and Construction 4643

ASSUMPTION AND RETENTION OF OBLIGATIONS, INDEMNIFICATION AND LIMITATIONS. 37 33 14.1 Buyer’s Assumption of Liabilities and Obligations 37 33 14.2 Seller’s Retention of Liabilities and Obligations 38 34 14.3 Suspended Funds 38 34 14.4 Proceeds and Invoices for Property Expenses Received After the Final Settlement Date 38 34 14.5 Indemnification 38 35 14.6 Procedure 39 36 14.7 Dispute Resolution 40 36 14.8 Reservation as to Non-Parties 41 37 14.9 Limitation on Damages 41 37 ARTICLE 15 MISCELLANEOUS 43 40 15.1 Expenses 43 40 15.2 Notices 44 40 15.3 Amendments/Waiver 44 41 15.4 Assignment 44 41 15.5 Announcements 45 41 15.6 Counterparts/Fax Signatures 45 41 15.7 Governing Law 45 41 15.8 Entire Agreement 45 41 15.9 Knowledge 45 42 15.10 Binding Effect 45 42 15.11 No Third-Party Beneficiaries 45 42 15.12 Severability 45 42 15.13 Interpretation 46 42 15.14 Change of Name 46 42 15.15 Schedules 46 42 15.16 References, Titles and Construction 4642

ASSUMPTION AND RETENTION OF OBLIGATIONS, INDEMNIFICATION AND LIMITATIONS. 37 33 14.1 Buyer’s Assumption of Liabilities and Obligations 37 33 14.2 Seller’s Retention of Liabilities and Obligations 38 34 14.3 Suspended Funds 38 34 14.4 Proceeds and Invoices for Property Expenses Received After the Final Settlement Date 38 34 14.5 Indemnification 38 35 14.6 Procedure 39 36 14.7 Dispute Resolution 40 36 14.8 Reservation as to Non-Parties 41 37 14.9 Limitation on Damages 41 37 ARTICLE 15 MISCELLANEOUS 43 40 15.1 Expenses 43 40 15.2 Notices 44 40 15.3 Amendments/Waiver 44 41 15.4 Assignment 44 41 15.5 Announcements 45 41 15.6 Counterparts/Fax Signatures 45 41 15.7 Governing Law 45 41 15.8 Entire Agreement 45 41 15.9 Knowledge 45 41 15.10 Binding Effect 45 42 15.11 No Third-Party Beneficiaries 45 42 15.12 Severability 45 42 15.13 Interpretation 46 42 15.14 Change of Name 46 42 15.15 Schedules 46 42 15.16 References, Titles and Construction 4642