Assumption of Lease. Assignee hereby accepts the assignment of the Lease and assumes and agrees to perform directly all of the respective duties and obligations of Assignor thereunder that accrue from and after the Effective Date and agrees to perform all of the respective covenants, terms and conditions contained therein.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Adams Respiratory Therapeutics, Inc.), Asset Purchase Agreement (Adams Laboratories, Inc.)
Assumption of Lease. Assignee hereby accepts (a) acknowledges its obligations to perform the assignment of Assignor’s obligations under the Lease and assumes and Lease; (b) agrees to keep and perform directly all of the respective duties covenants, conditions and obligations agreements of Assignor thereunder that accrue from and arising under or in connection with the Lease after the Effective Date of this Assignment; and (c) agrees to perform all assume certain obligation to Landlord for certain rental arrearages owed by Assignee, as set forth in Sections 5(a) and 11 of the respective covenants, terms and conditions contained thereinthis Amendment.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Premier Exhibitions, Inc.), Lease (Premier Exhibitions, Inc.)
