Examples of Approved Service Contracts in a sentence
Seller shall be responsible for all obligations thereunder attributable to the period prior to the Closing Date with respect to Approved Service Contracts (except to the extent that Buyer shall have received a credit hereunder with respect to any such obligations).
At the Close of Escrow, Seller shall assign to Buyer pursuant to the terms of the General Assignment and Assumption Agreement, all right, title and interest of Seller in and to the Approved Service Contracts and other Intangible Property, and Buyer shall assume all of the obligations of Seller under the Approved Service Contracts arising from and after the Close of Escrow.
Buyer shall protect, hold harmless, indemnify and defend Seller and its directors, officers, agents, affiliates, principals, partners, shareholders, representatives and controlling persons from any Losses attributable to the period beginning on and after the Closing Date with respect to the Approved Service Contracts.
There are no Service Contracts which will affect the Property after the Closing Date except for the Approved Service Contracts.
Seller shall assign all of Seller’s interest in the Construction Contracts and Warranties and all of Seller’s interest in the Approved Service Contracts (collectively, the “Contracts”) to Buyer and Buyer shall assume the Contracts, by a duly executed Assignment and Assumption of Contracts (the “Assignment of Contracts”) in the form of Exhibit D attached hereto.
On the Close of Escrow, Seller shall assign to Buyer the Approved Service Contracts pursuant to the Xxxx of Sale (as defined below).
Work Related Disability Leave (Workers Compensation) may run concurrently with leaves of absence granted under FMLA leave when the injury is one that meets the criteria for a serious health condition.
Operating expenses (including, without limitation, amounts payable under the Approved Service Contracts and any assessments payable under the Permitted Exceptions which are allocable to the Property, but excluding insurance premiums and management fees) shall be prorated as of the Closing Date (based on the assumption that operating expenses were uniformly incurred during the billing period in which the Closing occurs).
QLT and the Purchaser acknowledge and agree that the Purchase Price will be allocated among the Purchased Assets as follows: Lot F Property (land only) — $ 9,432,000.00 Building — $ 47,731,383.00 (includes Mechanical Systems fixtures, Leases and Approved Service Contracts) — $ 10,840,000.00 Lot 1 Property — $ 10,840,000.00 Included Chattels — $ 496,614.00 Shares — Lot F Nominee — $ 1.00 — Lot 1 Nominee — $ 1.00 Project Documents — $ 1.00.
The Vendor covenants and agrees with the Purchaser that the Vendor will indemnify and save harmless the Purchaser from and against all obligations which were to be observed or performed by the Vendor under the Approved Service Contracts prior to the Closing Date and against any and all liabilities of every nature and kind under the Approved Service Contracts arising from any default of the Vendor thereunder occurring prior to the Closing Date.