Common use of Status of CATV Instruments and Seller Contracts Not Assumed Clause in Contracts

Status of CATV Instruments and Seller Contracts Not Assumed. At Closing, Seller either (a) will have terminated all CATV Instruments and Seller Contracts that are not assumed by Buyer under Section 4.1, or (b) will indemnify Buyer pursuant to Section 14, until the applicable statutes of limitations have run, for any and all Third Party Claims and Direct Claims (as such terms are defined in Section 14) against Buyer arising directly or indirectly from such CATV Instruments and Seller Contracts that are not assumed by Buyer under Section 4.1 and not terminated by Seller in accordance with (a) above.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Northland Cable Properties Five LTD Partnership), Asset Purchase Agreement (Northland Cable Properties Five LTD Partnership), Asset Purchase Agreement (Northland Cable Properties Six LTD Partnership)

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Status of CATV Instruments and Seller Contracts Not Assumed. At the Group A Closing, Seller either (a) will have terminated all CATV Instruments and Seller Contracts that are not assumed by Buyer under Section 4.1, or (b) will forever indemnify Buyer pursuant to Section 14, until the applicable statutes of limitations have run, for any and all Third Party Claims and Direct Claims (as such terms are defined in Section 1414.2.1) against Buyer arising directly or indirectly from such CATV Instruments and Seller Contracts that are not assumed by Buyer under Section 4.1 and not terminated by Seller in accordance with (a) above.

Appears in 1 contract

Samples: Asset Purchase Agreement (Northland Cable Properties Seven Limited Partnership)

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Status of CATV Instruments and Seller Contracts Not Assumed. At Closing, Seller either (a) will have terminated all CATV Instruments and Seller Contracts that are not assumed by Buyer under Section 4.1, or (b) will indemnify Buyer pursuant to Section 14, until the applicable statutes of limitations have run, for any and all Third Party Claims and Direct Claims (as such terms are defined in Section 1414.2.1) against Buyer arising directly or indirectly from such CATV Instruments and Seller Contracts that are not assumed by Buyer under Section 4.1 and not terminated by Seller in accordance with (a) above.

Appears in 1 contract

Samples: Asset Purchase Agreement (Northland Cable Properties Four LTD Partnership)

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