CONTRACT AND REAL ESTATE LEASE PAYMENTS. As of the Closing, Seller shall be current in its payment of any and all obligations under Contracts or Real Estate Leases to be assumed by Buyer, or such payments shall be subject to proration hereunder.
Appears in 4 contracts
Samples: Asset Purchase Agreement (Acme Intermediate Holdings LLC), Asset Purchase Agreement (Acme Television LLC), Asset Purchase Agreement (Acme Intermediate Holdings LLC)
CONTRACT AND REAL ESTATE LEASE PAYMENTS. As of the Closing, Seller shall be current in its payment of any and all obligations under Contracts or Real Estate Leases to be assumed by Buyer, or such payments shall be subject to proration hereunder, and Buyer shall have received appropriate estoppel certificates to that effect.
Appears in 1 contract
Samples: Asset Purchase Agreement (Acme Intermediate Holdings LLC)
