Assumption by New Borrower. New Borrower hereby assumes all of the payment and performance obligations of Original Borrower under the Loan Documents accruing or arising after the date hereof in accordance with their respective terms and conditions as the same may be expressly modified by this Agreement, including without limitation, payment of all sums due and payable under the Note, subject, however, to any limitations set forth in the Loan Documents with respect to recourse against the Original Borrower in the event of a default.
Appears in 9 contracts
Samples: Assumption, Modification and Release Agreement (Griffin-American Healthcare REIT II, Inc.), Assumption, Modification and Release Agreement (Griffin-American Healthcare REIT II, Inc.), Assumption, Modification and Release Agreement (Griffin-American Healthcare REIT II, Inc.)
