Repair Contracts definition
Examples of Repair Contracts in a sentence
Assignment (without warranty) to and assumption by Buyer of all right, title and interest of Seller and its agents in and to the Governmental Approvals, Plans, Contracts, Major Repair Contracts and Operating Contracts.
There are no contracts of any kind relating to the management, leasing, operation, maintenance or repair of the Project, except those Contracts and Major Repair Contracts listed on SCHEDULE 8.2.2. Contributor has performed all material obligations required to be performed by it under all, and is not in default under any, of such Contracts or Major Repair Contracts.
Except as otherwise provided on SCHEDULE 8.2.2, all the Contracts and Major Repair Contracts may, by the express terms thereof (i) be assigned to Subsidiary, by notice to such effect to the appropriate contract party, without penalty or other payment by Contributor or Subsidiary and (ii) be terminated without penalty or other payment by Contributor (or its assignee, including Subsidiary, or successor) upon no more than 30 days’ prior notice.
To the knowledge of Sellers, there are no defaults under any of the Major Repair Contracts, Contracts or Governmental Approvals (as such terms are defined in Exhibit "Seller's Deliveries" attached hereto).
Except as set forth in Schedule 7.1(d), Contributor has not received any written notice alleging that it is in default (which default remains uncured), in any material respect, under any of the Major Repair Contracts, or Governmental Approvals (as such terms are defined in Exhibit D attached hereto).
Notwithstanding the foregoing, the Contributors and the Title Holding Entities shall not be responsible for costs payable pursuant to Repair Contracts to the extent such costs are, or will be, due from tenants as Operating Expense Pass- Throughs.
The Exception Service and Repair Contracts One major exception to the “three-day right to cancel” is a ‘Service and Repair’ contract that covers emergency repairs or services that are requested by the consumer on short notice.
Such Contributor or Title Holding Entity has performed its obligations under the Service Contracts, TI Contracts and Repair Contracts and, to such Contributor's or Title Holding Entity's knowledge, no other party is in material default under the Service Contracts, TI Contracts or Repair Contracts affecting the Properties owned by it.
TI Contracts, Repair Contracts and Development Contracts shall be included in the warranties described as Intangible Property related to the applicable Properties.
At the Closing, the Title Holding Entities shall assign to the ---------- Partnership all of their rights under, and the Partnership shall assume all of the Title Holding Entities' obligations under, all TI Contracts, Repair Contracts and Service Contracts relating to the Properties.