Surviving Contracts definition
Examples of Surviving Contracts in a sentence
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.
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.
For purposes of this Agreement, "Terminated Contracts" means all Contracts between the Stockholder and the Company or their respective Affiliates, as applicable, including those set forth on Exhibit B attached hereto, other than the Surviving Contracts.
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 is hereby acknowledged, Seller agrees to sell and convey to Purchaser, and Purchaser agrees to purchase from Seller, the Property and all of Seller’s right, title and interest in and to the Fixtures, the Personal Property, the Leases, the Security Deposits and the Surviving Contracts.