Common use of Outstanding Contracts Clause in Contracts

Outstanding Contracts. As of the Closing Date, there will be no outstanding contracts made by Seller for any improvements to the Property which have not been fully paid for, and Seller will discharge and satisfy all of its obligations and liabilities under the Service Contracts before the Closing Date, except to the extent expressly assumed in writing by Buyer.

Outstanding Contracts. As To the best of Seller's knowledge, as of the Closing Date, there will be no outstanding contracts made by Seller for any improvements to the Property which have not been fully paid for, and Seller will discharge and satisfy all of its obligations and liabilities under the Service Contracts before the Closing Date, except to the extent expressly assumed in writing by Buyer.