Assumed Contracts definition
Examples of Assumed Contracts in a sentence
All Contracts other than the Assumed Contracts, including, for the avoidance of doubt, the Terminated Contracts.
With respect to amounts due under the Assumed Contracts, Buyer shall receive a credit at Closing for any amounts unpaid and attributable to the period prior to the Closing Date and Seller shall receive a credit at Closing for any amounts previously paid and attributable to any period on and following the Closing Date.
There are no service agreements or contracts (including, without limitation, management agreements) (collectively, “Service Contracts”) that will be binding on the Buyer at Closing, except for any Assumed Contracts, acknowledged in writing by B▇▇▇▇.
At Closing, Seller shall deliver to Buyer a general assignment of all of Seller’s assignable warranty rights under or in respect of the Assumed Contracts, the Property and the Asset-Related Property.