Common use of Termination of Service Contracts Clause in Contracts

Termination of Service Contracts. On the Closing Date, Seller shall terminate any and all contracts related to the Property, if any, except those agreed to be assigned to Purchaser hereunder, if any, (the “Service Contracts”), unless Purchaser notifies Seller during prior to the Closing that any Service Contract(s) should not be canceled and will be assumed by Purchaser. All Service Contracts not terminated by Seller per Purchaser’s request shall be assigned to and assumed by Purchaser at Closing.

Termination of Service Contracts. On the Closing Date, Seller shall terminate those Services Contacts which are terminable without any and all contracts related cost or liability to the Property, if any, except those agreed to be assigned to Purchaser hereunder, if any, (the “Service Contracts”)Seller, unless Purchaser Buyer notifies Seller during prior the Due Diligence Period as to the Closing that any which of such Service Contract(s) contracts should not be canceled concealed and which will be assumed by Purchaserbuyer. All Service service Contracts not terminated by Seller per Purchaser’s request shall be assigned to and assumed by Purchaser Buyer at Closing.

Termination of Service Contracts. On Seller shall terminate, effective as of Closing, at no charge to Purchaser, all Service Contracts that are rejected pursuant to written notice delivered by Purchaser to Seller no later than on the Closing Inspection Period Expiration Date, Seller shall terminate any and all contracts related but only to the Property, if any, except those agreed to be assigned to Purchaser hereunder, if any, (the “Service Contracts”), unless Purchaser notifies Seller during prior to the Closing that any Service Contract(s) should not be canceled and will be assumed by Purchaser. All extent such Service Contracts not can be terminated by Seller per Purchaser’s request shall be assigned to at Closing without payment of any termination payment or penalty and assumed by Purchaser at Closingwithout payment for any post-Closing period.

Termination of Service Contracts. On Seller shall terminate all Service Contracts as they relate to the Premises effective as of the Date of Closing Dateor if any Service Contracts are not terminable, Seller shall terminate any remain liable thereunder and all contracts related to shall assume the Property, if any, except those agreed to be assigned to Purchaser hereunder, if any, (the “Service Contracts”), unless Purchaser notifies Seller during prior to the Closing that any Service Contract(s) should not be canceled and will be assumed by Purchaser. All Service Contracts not terminated by Seller per Purchaser’s request shall be assigned to and assumed by Purchaser at Closingcosts thereof.