Assignment of Legacy Purchase Agreement Sample Clauses

Assignment of Legacy Purchase Agreement. Effective as of the Closing, Seller agrees that it shall irrevocably assign to Parent, and Parent agrees that it shall assume from Seller, all the benefits of the promises made to Seller in Section 6.16 (Non-Competition; Non-Solicitation) of the Purchase and Sale Agreement, dated as of October 18, 2010, between BandofBros, L.L.C. (formerly known as Altegris, L.L.C.), Xxx X. Xxxxx, Xxxxxxx X. Xxxxxxx, Xxxxxx X. Xxxxxx, Xxxxxxx X. Xxxxxxx, Xxxxx 2003 Charitable Trust, Xxxxx 2004 Charitable Trust, Xxxxx 2005 Charitable Trust and Seller (the “Legacy Purchase Agreement”), by the other parties to the Legacy Purchase Agreement, such that from and after the Closing, Section 6.16 of the Legacy Purchase Agreement will be read as though “Purchaser” referred to Parent. A true and complete copy of Section 6.16 (Non-Competition; Non-Solicitation) of the Legacy Purchase Agreement has been provided to Parent. The parties agree that the assignment and assumption described in this Section 8.12 are self-executing and will be effective as of the Closing without any further action on the part of any Person and without any further action required by either party. Parent acknowledges and agrees that Seller makes no representation or warranty with respect to the assignment and assumption described in this Section 8.12 and that Seller shall not be responsible or have any liability to Parent or any other Person for any breach of any of the promises assigned under this Section 8.12. For the avoidance of doubt, Seller does not assign, and Parent shall not assume, any of the obligations, duties or liabilities of Seller under the Legacy Purchase Agreement.
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Related to Assignment of Legacy Purchase Agreement

  • Note Purchase Agreement The conditions precedent to the obligations of the Applicable Pass Through Trustees and the other requirements relating to the Aircraft and the Equipment Notes set forth in the Note Purchase Agreement shall have been satisfied.

  • Amendments to Note Purchase Agreement Subject to the satisfaction of the conditions precedent set forth herein and in reliance on the representations, warranties and covenants of the Companies set forth herein and in the Note Purchase Agreement, each party hereto hereby agrees that the Note Purchase Agreement be and hereby is, amended as follows:

  • Assignment of Interest in the Mortgage Loan Purchase Agreement (a) The Depositor hereby assigns to the Trustee, on behalf of the Certificateholders, all of its right, title and interest in the Mortgage Loan Purchase Agreement, including but not limited to the Depositor's rights and obligations pursuant to the Servicing Agreements (noting that the Seller has retained the right in the event of breach of the representations, warranties and covenants, if any, with respect to the related Mortgage Loans of the related Servicer under the related Servicing Agreement to enforce the provisions thereof and to seek all or any available remedies). The obligations of the Seller to substitute or repurchase, as applicable, a Mortgage Loan shall be the Trustee's and the Certificateholders' sole remedy for any breach thereof. At the request of the Trustee, the Depositor shall take such actions as may be necessary to enforce the above right, title and interest on behalf of the Trustee and the Certificateholders or shall execute such further documents as the Trustee may reasonably require in order to enable the Trustee to carry out such enforcement.

  • Assignment Agreements Each Bank may, from time to time, with the consent of the Borrower and Agent (which will not in any instance be unreasonably withheld), sell or assign to other banking institutions rated "B" or better by Thomxxxx Xxxk Watch Service a pro rata part of all of the indebtedness evidenced by the Notes then owed by it together with an equivalent proportion of its obligation to make Loans hereunder and the credit risk incidental to the Letters of Credit pursuant to an Assignment Agreement substantially in the form of Exhibit J attached hereto, executed by the assignor, the assignee and the Borrower, which agreements shall specify in each instance the portion of the indebtedness evidenced by the Notes which is to be assigned to each such assignor and the portion of the Commitments of the assignor and the credit risk incidental to the Letters of Credit (which portions shall be equivalent) to be assumed by it (the "Assignment Agreements"), provided that the Borrower may in its sole discretion withhold its consent to any assignment by a Bank to any assignee which has total capital and surplus of less than $200,000,000.00 or to any assignment by a Bank of less than all of its Commitments if as a result thereof the assignor will have Commitments hereunder of less than one half of its assigned Commitments or the assignee will have Commitments hereunder of less than $3,500,000.00 or, after giving effect thereto, there would be more than 10 Banks, further provided that nothing herein contained shall restrict, or be deemed to require any consent as a condition to, or require payment of any fee in connection with, any sale, discount or pledge by any Bank of any Note or other obligation hereunder to a Federal reserve bank. Upon the execution of each Assignment Agreement by the assignor, the assignee and the Borrower and consent thereto by the Agent (i) such assignee shall thereupon become a "Bank" for all purposes of this Agreement with a Commitment in the amount set forth in such Assignment Agreement and with all the rights, powers and obligations afforded a Bank hereunder, (ii) the assignor shall have no further liability for funding the portion of its Commitments assumed by such other Bank and (iii) the address for notices to such Bank shall be as specified in the Assignment Agreement, and the Borrower shall execute and deliver Notes to the assignee Bank in the amount of its Commitments and new Notes to the assignor Bank in the amount of its Commitments after giving effect to the reduction occasioned by such assignment, all such Notes to constitute "Notes" for all purposes of this Agreement, and there shall be paid to the Agent, as a condition to such assignment, an administration fee of $2,500 plus any out-of-pocket costs and expenses incurred by it in effecting such assignment, such fee to be paid by the assignor or the assignee as they may mutually agree, but under no circumstances shall any portion of such fee be payable by or charged to the Borrower.

  • Amendment to Purchase Agreement The Purchase Agreement is hereby amended as follows:

  • Amendment of Purchase Agreement The Purchase Agreement is hereby amended as follows:

  • Assignment of Agreement The following conditions must be satisfied in order to effectuate any assignment of this Agreement:

  • The Purchase Agreement This Agreement has been duly authorized, executed and delivered by the Company and the Guarantors.

  • Amendments to Repurchase Agreement The Repurchase Agreement is hereby amended as follows:

  • Asset Purchase Agreement The transactions contemplated by the Asset Purchase Agreement shall have been consummated.

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