Assumed Indebtedness. 1.1(d) Existing Financing Leases
Assumed Indebtedness. The Sellers and their respective Affiliates shall have been released and discharged from any and all obligations under the Assumed Indebtedness, and Sellers shall have received such payoff letters, releases or other further assurances thereof from third parties as the Sellers may reasonably request.
Assumed Indebtedness. Subject to the Property dropping, prepayment and delayed closing mechanism for the Assumed Indebtedness under Section 7.14, all conditions required by the holders of the Assumed Indebtedness for Purchaser to assume the Assumed Indebtedness shall have been satisfied, including delivery of all legal opinions, subordination of management agreements, and other instruments required by the holders of the Assumed Indebtedness to be delivered by Purchaser.
Assumed Indebtedness. (a) Schedule 4.11(a) of the Disclosure Schedule lists (i) the Assumed Indebtedness, (ii) all of the Properties that have ever been encumbered by the Assumed Indebtedness, (iii) the principal amount thereof outstanding as of the date set forth thereon, (iv) all of the notes, agreements and instruments evidencing and securing the Assumed Indebtedness, as the same may have been amended or supplemented from time to time, including, without limitation, any guaranties and any ancillary documents (collectively, the "Assumed Loan Documents"), and (v) the amount of any escrows or deposits held or established in connection with the Assumed Indebtedness as of as September 30, 2002. Seller has delivered to Purchaser complete and correct copies of the Assumed Loan Documents. Seller or the applicable Subsidiaries are current in all payments of principal and interest due under each Assumed Loan Document through the most recent scheduled payment date.
Assumed Indebtedness. The parties hereto agree that the Wickliffe IRBs shall be treated as Assumed Indebtedness for all purposes, except for purposes of determining the Final Cash Consideration pursuant to Article II. The parties hereto acknowledge and agree that in no event shall the Wickliffe IRBs be included in any calculation of Assumed Indebtedness, Estimated Assumed Indebtedness or Final Assumed Indebtedness.
Assumed Indebtedness. Prior to the Closing Date, Contributor, Acquiror and Subsidiary shall reasonably cooperate to cause existing loans to be refinanced in a new first mortgage loan on the Project, in an amount of Eleven Million Five Hundred Thousand Dollars ($11,500,000) and on terms acceptable to Acquiror in its sole discretion (the “Assumed Indebtedness”). The Assumed Indebtedness shall be fully assumable by Subsidiary.
Assumed Indebtedness. On or before the Closing Date, Acquiror shall be satisfied, in its sole discretion, with the terms and conditions of the Assumed Indebtedness, the Loan Assumption Documents (as defined in Section 11.1.18) and any other documents relating to any Assumed Indebtedness. On or before the Closing Date, the lender with respect to the Assumed Indebtedness shall have consented to Subsidiary’s assumption of the Assumed Indebtedness and the First Mortgage Loan Documents on terms and conditions acceptable to Acquiror in its sole discretion. On or before the Closing Date, such lender(s) shall have fully funded the Assumed Indebtedness on terms and conditions acceptable to Acquiror in its sole discretion.
Assumed Indebtedness. To the extent not previously delivered to Acquiror or Subsidiary, originals of the first mortgage and other documents evidencing the Assumed Indebtedness (collectively, the “First Mortgage Loan Documents”), and any and all documents or agreements required by Subsidiary or the lender with respect to the Assumed Indebtedness to be executed by Contributor to consent to the assumption of the Assumed Indebtedness by Subsidiary (“Loan Assumption Documents”), each duly executed by Contributor and the lender with respect to the Assumed Indebtedness, as applicable;
Assumed Indebtedness. The Loan Assumption Documents, duly executed by the Subsidiary and the lender with respect to the Assumed Indebtedness;
