Assumption of Service Contracts. As of the Closing Date (as defined in the Agreement), Assignee accepts said assignment of the Service Contracts and, subject to the terms of the Agreement, assumes all of Assignor's obligations under the Service Contracts for the balance of the terms thereof following the Closing Date.
Appears in 3 contracts
Samples: Real Estate Purchase and Sale Agreement, Real Estate Purchase and Sale Agreement (Physicians Realty L.P.), Real Estate Purchase and Sale Agreement (Steadfast Income REIT, Inc.)
Assumption of Service Contracts. As of the Closing Date (as defined in the Agreement), Assignee accepts said assignment of the Service Contracts and, subject to the terms of the Agreement, assumes all of Assignor's ’s obligations under the Service Contracts for the balance of the terms thereof following the Closing Date.
Appears in 2 contracts
Samples: Real Estate Purchase and Sale Agreement (Behringer Harvard Opportunity REIT II, Inc.), Real Estate Purchase and Sale Agreement (Acadia Realty Trust)
