Assumption by Assignee; Developer Not Released Sample Clauses

Assumption by Assignee; Developer Not Released. Any Transfer specifically permitted under this Second Amended and Restated Agreement, or approved in writing by the Governing Body (a "Permitted Transfer"), shall be voidable unless and until the City receives an Assignment and Assumption Agreement in the form attached hereto as Exhibit V U (each an "Assumption Agreement"), executed by Developer and the transferee of the Permitted Transfer and recorded in the office of the Xxxxxxx County Records and Tax Administration, under which such transferee agrees for itself and its successors and assigns, and expressly for the benefit of the City, to assume all of the obligations of the Developer under this Second Amended and Restated Agreement and agrees to be subject to all the conditions and restrictions to which the Developer is subject (or, in the event the Transfer is of or relates to only a portion of the Amended Project or this Second Amended and Restated Agreement, then such obligations, conditions and restrictions to the extent that they relate to such portion). Notwithstanding the forgoing, the requirement to secure an Assumption Agreement shall not apply to the grant of a security interest pursuant to Section 9.05(a) or any leasing of some or all of the Improvements.
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Related to Assumption by Assignee; Developer Not Released

  • Purchase by Assignee The Assignee reserves the right to bid for the property whether by itself or its agent or the Auctioneer (without payment of any deposit whatsoever). In the event the Assignee is declared the Purchaser, then the purchase price or so much as is applicable shall be set off against the indebtedness owing to the Assignee under the loan and security documentation on the date of sale, plus costs and expenses for the sale or incidental thereto.

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  • Teaching Assignment For teaching faculty, the teaching assignment will be one or a combination of programs, courses, or student originated studies offerings (all of which are collectively referred to as “academic offerings” below). For full-time faculty the normal teaching assignment will be a program. For part-time faculty the normal assignment is either a program and/or course(s), depending on the terms of their contract. In addition, faculty may support individual learning contracts.

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  • SPECIAL TEACHING ASSIGNMENTS A. Assignments for the Adult Education, Driver Education and Summer School Program will be made by the Board on the basis of preference to teachers possessing permanent teaching certificates regularly employed in the district during the normal school year.

  • Your Rights and Our Responsibilities After We Receive Your Written Notice We must acknowledge your letter within 30 days, unless we have corrected the error by then. Within 90 days, we must either correct the error or explain why we believe the statement was correct. After we receive your letter, we cannot try to collect any amount you question or report you as delinquent. We can continue to bill you for the amount you question, including FINANCE CHARGES, and we can apply any unpaid amount against your credit limit. You do not have to pay any questioned amount while we are investigating, but you are still obligated to pay the parts of your statement that are not in question. If we find that we made a mistake on your statement, you will not have to pay any FINANCE CHARGES related to any questioned amount. If we didn’t make a mistake, you may have to pay FINANCE CHARGES and you will have to make up any missed payments on the questioned amount. In either case, we will send you a statement of the amount you owe and the date that it is due. If you fail to pay the amount that we think you owe, we may report you as delinquent. However, if our explanation does not satisfy you and you write to us within 10 days telling us that you still refuse to pay, we must tell anyone we report you to that you have a question about your statement. And, we must tell you the name of anyone we reported you to. We must tell anyone we report you to that the matter has been settled between us when it finally is. If we don’t follow these rules, we can’t collect the first $50.00 of the questioned amount, even if your statement was correct.

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