Assumption of Debts. Pursuant to Government Code section 6508.1, none of the debts, liabilities or obligations of the Agency shall be the debts, liabilities or obligations of any of the members of TPPA unless assumed in a particular case by resolution of the governing body of the member to be charged.
Assumption of Debts. In consideration for entering into this Agreement, DCC agrees to pay merchant redemptions as they become due.
Assumption of Debts. 1.1 Subject to the terms of this Assignment, AG&T LP agrees to assume a mortgage in the amount of $4,125,000 dated April 6, 2016 and payable to Precision Capital by Xxxx.
Assumption of Debts. 1.1 Subject to the terms of this Agreement, the Assignee agrees to assume all outstanding debt obligations of the Assignor as of the Effective Date (the “Debts’).
Assumption of Debts. Litchfield shall, except as specified otherwise herein, assume, as of the date hereof, and thereafter pay, perform and discharge, all debts, obligations, accounts payable, liabilities (contingent or otherwise) and all other obligations of Biofarm, of whatever nature, which arose or were incurred by Biofarm on or after, October 5, 1998, including, without limitation, taxes and all debts, obligations and liabilities that have arisen or may arise in connection with any and all actual, proposed or contingent transactions, of whatever nature, by and between and/or among Biofarm and any affiliates and/or third parties, including, without limitation, the entities listed on Exhibit A hereto (collectively, the "Obligations"). Litchfield shall not assume any obligations of Biofarm which existed as of October 5, 1998 or which arose out of circumstances existing prior to October 5, 1998, provided that such obligations existed or arose solely as a direct result of the actions or inactions of the management of Biofarm as it existed prior to October 5, 1998. Moreover, Litchfield shall not assume or be liable for any taxes, of any nature, incurred by Biofarm in connection with, or arising out of, the performance of this Agreement and the rescission and return of the Note, Biofarm, S.A. Stock and Assets and assumption of debt contemplated hereby.
Assumption of Debts. CCT hereby assumes to pay all debts of the Company that accrue from January 13, 2014 through the End Date related to the running of the business of the Company in which the Secured Creditors have been consulted and provided consent (the “Assumed Debts”). CCT will indemnify the Company for any claims arising from the Assumed Debts. It is contemplated that the debts will first be paid from the cash flow of the business and that CCT will make up any shortfall.
Assumption of Debts. Buyer shall assume the following obligations of Seller:
Assumption of Debts. (a) In connection with the Transaction and as a condition precedent, NYXO shall expressly assume certain debts and accounts of 212 in the amount of Seven Million One Hundred Twenty-Six Thousand Six Hundred Fifty-Eight Dollars Twenty-Seven Cents ($7,126,658.27), as detailed in the Debt Summary attached hereto at Exhibit C.
Assumption of Debts. Buyer shall assume on the Closing Date all duties and obligations of the Company pursuant to the contracts, agreements, leases, and payables described in the Exhibits hereto. For any taxes due and payable as of the Closing Date, Seller shall provide Buyer, at closing with checks made out to the appropriate taxing authorities sufficient to fully pay all such tax obligations. Thus, subject to Buyer delivering those checks to the appropriate taxing authorities, Seller attests that there are no other taxes payable as to the Company as of the Closing Date.
Assumption of Debts. Except as set forth on Schedule 1.3(b) and with respect to any assumed lease or contract, Buyer shall have no liability or responsibility for any liability or obligation of Seller of any kind or nature, whether related to Seller or otherwise, and whether known or unknown.
