Assignment and Assumption of Equipment Leases Sample Clauses

Assignment and Assumption of Equipment Leases. The Company, as lessee/assignor, and Subsidiary, as assignee, shall enter into those Assignments and Assumptions of Equipment Leases, in form and substance acceptable to Parent and its counsel, pursuant to which all of the Company’s right, title and interest in and to said equipment leases listed on Schedule 4.9(a) shall be assigned to and assumed by Subsidiary (the "Equipment Lease Assignments"). Xxxxxx shall reasonably cooperate with Parent and Subsidiary to obtain consents to the Equipment Lease Assignments from the respective equipment lessors identified therein.
Sample 1
AutoNDA by SimpleDocs
Assignment and Assumption of Equipment Leases. The Company, as lessee/assignor, and Subsidiary, as assignee, shall enter into the Equipment Lease Assignments. Xxxxxx shall reasonably cooperate with Parent and Subsidiary to obtain consents to the Equipment Lease Assignments from the respective equipment lessors identified therein.
Sample 1
Assignment and Assumption of Equipment Leases. The Company, as lessee/assignor, and Subsidiary, as assignee, shall enter into the Equipment Lease Assignments. Thomas shall reasonably coxxxxxxe with Parent and Subsidiary to obtain consents to the Equipment Lease Assignments from the respective equipment lessors identified therein.
Sample 1
Assignment and Assumption of Equipment Leases. The parties --------------------------------------------- hereto acknowledge that certain equipment is leased by D&T pursuant to the leases identified on Annex E attached hereto and used solely by the Company in connection with the Business. The parties hereto agree to use their commercially reasonable efforts and to cooperate in good faith in order for D&T to assign to Buyer, and for Buyer to assume, each of the leases identified on Annex E. In the event that in order for such assignment and assumption to occur, the lessor of such equipment requires a guarantee of Buyer's obligations under the lease for such equipment, the Company or such other entity acceptable to the lessor (other than D&T or any of its affiliates) shall be the guarantor for such lease. In the event that any of such leases cannot be assigned by D&T to Buyer, or for the period until such assignment occurs, Buyer agrees, in exchange for the use of the applicable equipment, to continue to reimburse D&T for all rent and other payments required to be paid under such lease and all out-of-pocket expenses associated therewith for the duration of such lease and D&T agrees to use its commercially reasonable efforts to secure for the Company the use of such equipment.
Sample 1

Related to Assignment and Assumption of Equipment Leases

  • Assignment and Assumption of Leases Two (2) counterparts of the Assignment and Assumption of Leases, executed, acknowledged and sealed by Purchaser;

  • Assignment and Assumption of Contracts Two (2) counterpart originals of the Assignment and Assumption of Contracts, duly executed by Seller.

  • Assignment and Assumption of Lease The Assignment and Assumption ---------------------------------- of Lease;

  • Assignment and Assumption Agreements Purchaser shall have executed and tendered to Seller the Assignment and Assumption Agreement and the Real Estate Assignment Documents to which it is party.

  • Assignment and Assumption Agreement The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption Agreement, together with a processing and recordation fee of $3,500, and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an administrative questionnaire provided by the Administrative Agent.

  • Assignment and Assumption The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

  • TO ASSIGNMENT AND ASSUMPTION STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT AND ASSUMPTION

  • Assignment and Assumption Consent Effective as of the First Amendment Effective Date, for agreed consideration, XXX hereby irrevocably sells and assigns to MBL, and MBL hereby irrevocably purchases and assumes all rights and obligations in its capacity as Lender under the LC Reimbursement Agreement and other Credit Documents, including, without limitation, all of MBL’s rights and obligations with respect to the Collateral and Intercreditor Agreement and the Security Documents (as defined in the Collateral and Intercreditor Agreement, and such Security Documents together with the Collateral and Intercreditor Agreement are referred to herein as the “Security Documents”) (the “Lender Assignment”). Effective as of the First Amendment Effective Date and in accordance with Section 7.9 of the LC Reimbursement Agreement, the Account Party hereby consents to the Lender Assignment.

  • Assignment and Assumption of Liabilities Seller hereby assigns to Split-Off Subsidiary, and Split-Off Subsidiary hereby assumes and agrees to pay, honor and discharge all debts, adverse claims, liabilities, judgments and obligations of Seller as of the Effective Time, whether accrued, contingent or otherwise and whether known or unknown, including those arising under any law (including the common law) or any rule or regulation of any Governmental Entity or imposed by any court or any arbitrator in a binding arbitration resulting from, arising out of or relating to the assets, activities, operations, actions or omissions of Seller, or products manufactured or sold thereby or services provided thereby, or under contracts, agreements (whether written or oral), leases, commitments or undertakings thereof, but excluding in all cases the obligations of Seller under the Transaction Documentation (all of the foregoing being referred to herein as the “Assigned Liabilities”). The assignment and assumption of Seller’s assets and liabilities provided for in this Article I is referred to as the “Assignment.”

  • Assignment and Acceptance The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500, and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

Time is Money Join Law Insider Premium to draft better contracts faster.