Surviving Contracts definition

Surviving Contracts has the meaning set forth in Section 3.01(b).

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Surviving Contracts means any Contracts, excluding the Cancelled Contracts. It is understood that the Management Agreement encumbering all of the Assets with Capital Senior Management 2, Inc., dated as of July 29, 1996 will be cancelled by Seller at or prior to Closing.

Surviving Contracts has the meaning set forth in Section 6.10(a).

Examples of Surviving Contracts in a sentence

• Buyer will be ------------------------------------- entitled to a credit against the Purchase Price for all sums, which are due and unpaid under the Surviving Contracts as of the date of closing, and which are attributable to the period prior to the date of closing.

• No proration or credit -------------------------- will be made or given hereunder for: (i) insurance premiums; (ii) employee salaries, benefits, bonuses, payroll taxes or other employee costs; and (iii) any amount owing under any contracts related to the operation of the Property, other than the Surviving Contracts.

• Seller will deliver to Buyer the originals of all Leases, Estoppel Certificates, Surviving Contracts and all documents evidencing the Intangible Property.

• In consideration of, and upon and subject to, the mutual covenants and agreements set forth in this Agreement, and for other good and valuable consideration, the mutual receipt and legal sufficiency of which are hereby acknowledged, Seller agrees to sell and convey all of Seller’s right, title and interest in and to the Premises, the Leases and the Surviving Contracts to Purchaser, and Purchaser agrees to purchase the Premises, the Leases and the Surviving Contracts from Seller.

• Seller, to the extent received by Seller, shall promptly deliver to Purchaser copies of written default notices and written notices of lawsuits affecting the Leases, the Surviving Contracts or the Premises.

More Definitions of Surviving Contracts

Surviving Contracts is defined in Section 2.6(c).

Surviving Contracts is defined in ss.1. "Third Party Offer" is defined in ss.27. "Title Company" is defined in ss.5. "Title Commitment" is defined in ss.5. "Title Notice" is defined in ss.5.

Surviving Contracts means the contracts listed on Schedule 5.

Surviving Contracts means Existing Contracts and New Contracts which are in effect as of the Closing.

Surviving Contracts means the New Contracts and the Existing Contracts, excluding those Desired Cancelled Contracts which have actually been cancelled with an effective cancellation date on or before the Closing. The Surviving Contracts shall include the CBRE Agreement (solely with respect to Purchaser’s obligations under Section 20(b) and the surviving rights of CBRE, Inc.) notwithstanding such agreement will be terminated on or prior to Closing.

Surviving Contracts means those Acquired Subsidiary Contracts specifically identified in Section 3.16 of the C/M Disclosure Schedule as contracts that are not to be assigned to a C/M Selling Shareholder as part of the Pre-Closing Distribution and that are to continue in effect after the Closing as an obligation of an Acquired Subsidiary.

Surviving Contracts means the New Contracts and the Existing Contracts, excluding those Desired Cancelled Contracts which have actually been cancelled with an effective cancellation date on or before the Closing.