Assumption and Ratification Sample Clauses

Assumption and Ratification. Borrower hereby assumes and agrees to comply with all covenants and obligations contained in the Loan Documents and henceforth shall be bound by all the terms thereof from and after the Effective Date. Without limiting the foregoing, from and after the Effective Date, Borrower hereby assumes and agrees to pay in full as and when due all payments, the obligations and other indebtedness evidenced by the Note first arising after the Effective Date. As assumed hereby, the Loan Documents shall remain in full force and effect, except as otherwise provided in Section 26 below. Borrower hereby authorizes Lender to file any and all UCC financing statements as Lender may deem necessary including, without limitation, financing statements containing the description “all assets of Borrower” or “all personal property of Borrower” or similar language. The Borrower hereby adopts, ratifies and confirms as of the Effective Date all of the representations, warranties and covenants of Prior Owner contained in the Loan Documents, except to the extent modified in Section 26 below.
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Assumption and Ratification. By execution of this Amendment, LLC hereby expressly assumes as of and after the Substitution Date all of the obligations of the Transferor under each Supplement. Chase USA is hereby released from any obligations, as Transferor.
Assumption and Ratification. (a) Borrower hereby assumes and agrees to comply with all covenants and obligations contained in the Loan Documents and henceforth shall be bound by all the terms thereof, except for those obligations which are personal to Prior Owner and cannot be cured by Borrower. Without limiting the foregoing, Borrower hereby assumes and agrees to pay in full as and when due all payments, the obligations and other indebtedness evidenced by the Notes and Lender acknowledges that Borrower shall be entitled to any and all applicable notice and cure periods as set forth in the Loan Documents with respect to such obligations. (b) New Guarantor hereby assumes all covenants and obligations of Borrower Principal (as defined in the Loan Documents) contained in the Loan Documents to which Borrower Principal is an obligor or party occurring or arising from and after the Effective Date and agrees to comply with all covenants and obligations of Borrower Principal contained in the Loan Documents to which Borrower Principal is an obligor or party and henceforth shall be bound by all the terms thereof. Without limiting the foregoing, New Guarantor hereby assumes the obligations of Borrower Principal occurring or arising from and after the Effective Date with respect to the sections of Article 4, Article 13, Article 15 and Article 18 of the Loan Agreement to which Borrower Principal is an obligor or party. New Guarantor hereby adopts, ratifies and confirms as of the Effective Date all of the representations and warranties made by Borrower Principal in the Loan Agreement and the covenants of Borrower Principal contained in the Loan Documents. (c) Borrower hereby authorizes the Lender to file any and all UCC financing statements as Lender may deem necessary including, without limitation, financing statements containing the description “all assets of Borrower” or “all personal property of Borrower” or similar language. (d) As assumed hereby, the Loan Documents shall remain in full force and effect. The Borrower hereby adopts, ratifies and confirms as of the Effective Date all of the representations, warranties and covenants of Prior Owner contained in the Loan Documents.
Assumption and Ratification. Subject to Section 26 below, Borrower hereby assumes and agrees to comply with all covenants and obligations of Prior Owner contained in the Loan Documents and henceforth shall be bound by all the terms thereof. Without limiting the foregoing, Borrower hereby assumes and agrees to pay in full as and when due all payments, the obligations and other indebtedness evidenced by the Note. Borrower hereby authorizes the Lender to file any and all UCC financing statements as Lender may deem necessary including, without limitation, financing statements containing the description “all assets of Borrower” or “all personal property of Borrower” or similar language. As assumed hereby, the Loan Documents executed by Prior Owner shall remain in full force and effect. Subject to Section 26 below, the Borrower hereby adopts, ratifies and confirms as of the Effective Date all of the representations, warranties and covenants of Prior Owner contained in the Loan Documents as modified by this Agreement.
Assumption and Ratification. Assumptor hereby assumes and agrees to comply with and perform all of the Obligations and henceforth shall be bound by all the terms of the Loan Instruments to the same extent Original Borrower is bound prior to the Effective Date. Without limiting any other provision of this Agreement, Assumptor hereby assumes and agrees to pay in full as and when due all payments, the Obligations and other Indebtedness evidenced by the Loan Instruments. Assumptor hereby authorizes the Lender to file any and all UCC financing statements and mortgages as Lender may deem necessary including, without limitation, financing statements containing the descriptionall assets of Assumptor” or “all personal property of Assumptor” or similar language. As assumed hereby, the Obligations owed by, and the Loan Instruments executed by, Original Borrower shall remain in full force and effect. Assumptor hereby adopts, ratifies and confirms as of the Effective Date all of the Obligations and all of the representations, warranties and covenants of Original Borrower contained in the Loan Instruments. Without limiting any other provision of this Agreement, Assumptor expressly confirms that it is personally liable and obligated (a) for the timely payment, as the same becomes due, of all principal and interest now or hereafter due and payable under the Note until the Note shall have been fully paid and satisfied, and (b) for all other Indebtedness now or hereafter existing, whether accrued or contingent, under this Agreement and all other Loan Instruments.
Assumption and Ratification. From and after the date hereof, Borrower hereby assumes and agrees to comply with all covenants and obligations contained in the Loan Documents, and henceforth shall be bound by all the terms thereof. Without limiting the foregoing, Borrower hereby assumes and agrees to pay in full as and when due all payments, obligations and other indebtedness evidenced by the Note. As assumed hereby, the Loan Documents shall remain in full force and effect and all obligations, covenants, conditions, agreements, warranties, representations and other terms and provisions thereof, as amended hereby, are hereby ratified, confirmed, reaffirmed and republished, and are hereby incorporated by reference. Lender hereby releases Prior Owner and Wxxxxxx Xxxxxxxxx, Sxxxxxx Xxxxxx (including his heirs, executors, administrators, legal representatives, successors and assigns) and Axxxxx Xxxxxxxxx, the prior Responsible Party under the Note (collectively, “Prior RP”), from liability under the Note, the Security Instrument and the other Loan Documents, including, but not limited to, that certain Hazardous Material Indemnification Agreement dated as of February 7, 2011 from Gxxxxxx and Prior RP and as assumed by Prior Owner, and that certain Responsible Party Agreement dated as of February 7, 2011 from Prior RP, with respect only to obligations, actions and liabilities which arise or accrue after the date hereof and which are not caused by or arising out of any acts or events occurring or obligations arising prior to or simultaneously with the closing of the transfer of the Property and assumption of the Loan; such release shall not in any way alter, reduce, waive, release or impair any recourse liability of Prior Owner and Prior RP to Lender arising from events occurring prior to the transfer of the Property and assumption of the Loan or which are caused by or arising out of any acts or events occurring or obligations arising prior to or simultaneously with the closing of the transfer of the Property and assumption of the Loan, or in the event of any misrepresentation in any material respect by Prior Owner or Prior RP in connection with the transfer of the Property and assumption of the Loan.
Assumption and Ratification. Borrower hereby assumes and agrees to comply with all covenants and obligations contained in the Loan Documents and from and after the Effective Date shall be bound by all the terms thereof. Without limiting the foregoing, Borrower hereby assumes and agrees to pay in full as and when due all payments, the obligations and other indebtedness evidenced by the Note. As assumed hereby, and subject to the terms hereof, the Loan Documents shall remain in full force and effect. Borrower hereby authorizes the Lender to file any and all UCC financing statements as Lender may deem necessary including, without limitation, financing statements containing the description "all assets of Borrower" or "all personal property of Borrower" or similar language. The Borrower hereby adopts, ratifies and confirms as of the Effective Date all of the representations, warranties and covenants of Prior Owner contained in the Loan Documents, except such representations, warranties and covenants which are personal to the Prior Owner, in which case Borrower hereby adopts, ratifies and confirms as of the Effective Date all of those representations, warranties and covenants as to Borrower only.
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Assumption and Ratification. Assignee hereby assumes and agrees to comply with all covenants and obligations contained in the Loan Documents and henceforth shall be bound by all the terms thereof. Without limiting the foregoing, Assignee hereby assumes and agrees to pay in full as and when due all payments, the obligations and other indebtedness evidenced by the Loan Documents arising after the date hereof. As assumed hereby, the Loan Documents shall remain in full force and effect.
Assumption and Ratification. Borrower hereby assumes and agrees to comply with all covenants and obligations contained in the Loan Documents, including, without limitation, the obligation to pay the unpaid balance due and owing on the Loan and all interest thereon, and henceforth shall be bound by all the terms thereof. Without limiting the foregoing, Borrower hereby assumes and agrees to pay in full as and when due all payments, the obligations and other indebtedness evidenced by the Note. As assumed hereby, the Loan Documents shall remain in full force and effect. Borrower hereby authorizes the Lender to file any and all UCC financing statements as Lender may deem necessary including, without limitation, financing statements containing the description "all assets of Borrower" or "all personal property of Borrower" or similar language. The Borrower hereby adopts, ratifies and confirms as of the Effective Date all of the representations, warranties and covenants of Prior Owner contained in the Loan Documents.
Assumption and Ratification 
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