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 the Closing Date, Purchaser may elect by notice to 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 Inspection Period Expiration Date, to have any Service Contract(s) should not be canceled and will be assumed by Purchaser. All or all of the Service Contracts not terminated by Seller, and Seller per Purchaser’s request shall be assigned agrees to and assumed by Purchaser at Closingterminate said Service Contracts, effective as of the Closing Date or such later date provided in any such Service Contract.