Assumption Agreement and Covenants Sample Clauses

Assumption Agreement and Covenants. .. 4 Section 6.1
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Assumption Agreement and Covenants. This Agreement is subject and subordinate to the main Building lease governing the Facility, under which Lessor is bound as tenant; and the provisions of the main lease, other than as to the payment of rent or other monies, are incorporated into this Agreement as if completely herein rewritten. Lessee shall comply with and be bound by all provisions of the main lease except that the payment of rent shall be governed by the provisions of this Agreement, and Lessee shall indemnify and hold Lessor harmless from and against any claim or liability under the main lease of Lessor arising from Lessee's breach of the Main Lease or this Agreement. Lessor covenants and warrants that the use of the Premises as a business office is consistent with and does not violate the terms of the initial lease
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Assumption Agreement and Covenants. (a) The Sublessee shall comply with all of the provisions of the Primary Lease which are required to be complied with during the term hereof by the Sublessor as Tenant thereunder, EXCEPT THAT (i) the payment of rent shall be governed by Paragraph 3 hereof; (ii) the term of this Agreement shall be governed by Paragraph 2 hereof; (iii) the Subleased Premises are as described herein; (iv) the address for notice to Sublessor shall be as provided herein; and (v) the provisions of Exhibit B to the Primary Lease shall be inapplicable to this Agreement; subsections 14.01, 17.01, 17.02, 17.03, 17.04 and 31.01 of the Primary Lease are inapplicable to the Sublease.
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Assumption Agreement and Covenants. The Sublessee shall comply with all of the provisions of the Main Lease which are to be observed or performed during the term hereof by the Sublessor as Tenant thereunder, except that payment of rent shall be governed by the provisions of Paragraph 2 above. Insofar as the provisions of the Main Lease do not conflict with specific provisions herein contained, they and each of them are incorporated into this Sublease as fully as if completely rewritten herein, and the Sublessee agrees to be bound to the Sublessor and perform all of the obligations and responsibilities that Sublessor by the Main Lease assumes toward the Landlord, and to indemnify and hold harmless Sublessor from any claim or liability under the Main Lease except for payment of rental by Sublessor to the Landlord as provided in the Main Lease. The relationship between the Sublessee and Sublessor hereunder shall be the same as that between the Sublessor and the Landlord under the Main Lease.
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Assumption Agreement and Covenants a) pcOrder will comply with all of the provisions of the Master Lease that are to be performed by Trilogy as Tenant during the Sublease Term insofar as such provisions relate to the Subleased Premises and Tenant's use of Common Areas, but the rent provisions of the Master Lease will not apply to pcOrder. Paragraphs 3 and 4, above, govern pcOrder's payment of rent.
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Assumption Agreement and Covenants. Except as modified herein, the Sublessee shall comply with all provisions of the Main Lease during the term hereof by the Sublessor as Tenant thereunder and Sublessor shall have all rights and remedies of the Landlord thereunder. Notwithstanding the foregoing, the payment of rent shall be governed by the provisions of Paragraph 3, above. 6. Furniture and fixtures Sublessee shall have the utilization of the furniture in place with the exception of a few "personal" pieces of furniture which will be identified in a list' of excluded inventory, which shall be attached as Exhibit "C" and by this reference incorporated herein. Furniture is not deemed to include any off ice equipment, telephone system or telephones. Sublessee may use the furniture located in the subleased premises free of charge, for the duration of this Sublease, and such furniture will be relinquished to the Sublessor upon completion of this Sublease, reasonable wear and tear excepted. 7. Assignment and Subletting No assignment or subletting of the subleased promises or any part thereof shall be made by Sublessee. 8.
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Assumption Agreement and Covenants. Section 5.0. Except as specifically provided for by the terms of this Sublease, during the Lease Term of this Sublease (as it may be extended pursuant to the terms of Section 2.0 hereto), Sublessee shall comply with all the provisions of the Master Lease, as the same relate to the Subleased Premises, that are to be complied with or performed by Sublessor, as lessee, under the Master Lease.
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Assumption Agreement and Covenants. 6. (a) The Sublessee shall comply with all of the provisions of the Main Lease which are to be observed or performed during the term hereof by the Sublessor as Tenant thereunder, except that the payment of rent shall be governed by the provisions of Paragraph 3, above, and Paragraphs 3.01, 3.02, 3.03 and 3.04 of the Main Lease shall be inapplicable to Sublessee. Sublessee is responsible for all repair and maintenance of the demised premises, except those items specifically the responsibility of the Landlord under the Main Lease and any amendments thereto.
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Related to Assumption Agreement and Covenants

  • Agreement and Covenants The Investor shall have performed or complied in all material respects with all agreements and covenants required by this Agreement to be performed or complied with by it on or prior to the Closing. Unless the Issuer receives written notification to the contrary at the Closing, the Issuer shall be entitled to assume that the preceding is accurate in all respects at the Closing.

  • Assumption Agreements In the event that any assumption agreement or substitution of liability agreement is entered into with respect to any Mortgage Loan subject to this Agreement in accordance with the terms and provisions of the Pooling and Servicing Agreement, the Master Servicer shall notify the Custodian that such assumption or substitution agreement has been completed by forwarding to the Custodian the original of such assumption or substitution agreement, which copy shall be added to the related Custodial File and, for all purposes, shall be considered a part of such Custodial File to the same extent as all other documents and instruments constituting parts thereof.

  • Additional Agreements and Covenants The parties further agree and covenant as follows:

  • Waivers; Amendment; Joinder Agreements (a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any party hereto in any case shall entitle such party to any other or further notice or demand in similar or other circumstances.

  • Other Agreements and Covenants 10.1 CMI will not market, sell, service, distribute or train for any product that is competitive with the Products except for CMI's own breath alcohol testing products.

  • Contents of Agreement; Amendment and Assignment (a) This Agreement sets forth the entire understanding between the parties hereto with respect to the subject matter hereof and cannot be changed, modified, extended or terminated except upon written amendment approved by the Board and executed on its behalf by a duly authorized officer and by Executive.

  • Assignment and Amendment of Agreement This Agreement automatically shall terminate without the payment of any penalty in the event of its assignment. No material amendment of this Agreement shall be effective until approved by the majority of the members of the Board who are not interested persons of the Trust (“Independent Trustees”), the Manager or the Subadviser and the shareholders of the affected Portfolio(s) to the extent required by the 1940 Act. The Subadviser agrees to notify the Manager of any change in control of the Subadviser within a reasonable time after such change.

  • Agreements and Covenants The Company shall have performed or complied in all material respects with all agreements and covenants required by this Agreement to be performed or complied with by it on or prior to the Effective Time.

  • Assumption Agreement Seller shall have received from Buyer an Assumption Agreement, in substance and form satisfactory to Seller, under which Buyer shall have assumed the Assumed Liabilities.

  • Assumption and Modification Agreements When a Mortgaged Property has been or is about to be conveyed by the Mortgagor, the Servicer shall, to the extent it has knowledge of such conveyance or prospective conveyance, exercise its rights to accelerate the maturity of the related Mortgage Loan under any “due-on-sale” clause contained in the related Mortgage or Mortgage Note; provided, however, that the Servicer shall not exercise any such right if (i) the “due-on-sale” clause, in the reasonable belief of the Servicer, is not enforceable under applicable law or (ii) the Servicer reasonably believes that to permit an assumption of the Mortgage Loan would not materially and adversely affect the interest of the Noteholders. In such event, the Servicer shall enter into an assumption and modification agreement with the Person to whom such property has been or is about to be conveyed, pursuant to which such Person becomes liable under the Mortgage Note and, unless prohibited by applicable law or the mortgage documents, the Mortgagor remains liable thereon. If the foregoing is not permitted under applicable law, the Servicer is authorized to enter into a substitution of liability agreement with such Person, pursuant to which the original Mortgagor is released from liability and such Person is substituted as Mortgagor and becomes liable under the Mortgage Note. The Mortgage Loan, if assumed, shall conform in all respects to the requirements and representations and warranties of this Agreement. The Servicer shall notify the Indenture Trustee that any applicable assumption or substitution agreement has been completed by forwarding to the Indenture Trustee the original copy of such assumption or substitution agreement, which copy shall be added by the Indenture Trustee to the related Indenture Trustee’s Mortgage File and which shall, for all purposes, be considered a part of such Indenture Trustee’s Mortgage File to the same extent as all other documents and instruments constituting a part thereof. The Servicer shall be responsible for promptly recording any such assumption or substitution agreements. In connection with any such assumption or substitution agreement, the required monthly payment on the related Mortgage Loan shall not be changed but shall remain as in effect immediately prior to the assumption or substitution, the stated maturity or outstanding Principal Balance of such Mortgage Loan shall not be changed, the Mortgage Interest Rate shall not be changed nor shall any required monthly payments of principal or interest be deferred or forgiven. Any fee collected by the Servicer for consenting to any such conveyance or entering into an assumption or substitution agreement shall be retained by or paid to the Servicer as additional servicing compensation. Notwithstanding the foregoing paragraph or any other provision of this Agreement, the Servicer shall not be deemed to be in default, breach or any other violation of its obligations hereunder by reason of any assumption of a Mortgage Loan by operation of law or any assumption which the Servicer may be restricted by law from preventing, for any reason whatsoever.

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