Common use of Assumption of Service Contracts Clause in Contracts

Assumption of Service Contracts. an assumption of the Contracts which Buyer has elected to assume, which will include an indemnification by Buyer of Seller for all owner obligations accruing on or after the Date of Closing.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (Hancock John Realty Income Fund Ii Limited Partnership), Purchase and Sale Agreement (Hancock John Realty Income Fund LTD Partnership), Purchase and Sale Agreement (Hancock John Realty Income Fund LTD Partnership)

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Assumption of Service Contracts. an An assumption of the Contracts which Buyer has elected to assumemaintenance and service contracts, which will include an indemnification by Buyer of Seller for all owner obligations accruing arising on or after the Date of Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hancock John Realty Income Fund LTD Partnership)

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