Assumption of Notes. Lightco and Chemco, jointly and severally with the Company, hereby fully and unconditionally assumes the due and punctual payment of the principal of and interest on the Securities.
Assumption of Notes. Notwithstanding the provisions of Sections 19(a) ------------------- and (b) and subject to compliance with Section 2.13 of the Indenture, if in connection with a purchase by Lessee of the Transponders pursuant to Section 19(a)(ii) or Section 19(a)(iii) as the case may be, Lessee shall assume the Notes pursuant to Section 5.05(a) or Article XI of the Participation Agreement, the obligation of Lessee to pay the purchase price pursuant to Section 19(a)(ii) or 19(a)(iii), as the case may be, shall be satisfied by such assumption of the Notes to the extent of the principal amount of the Notes so assumed (after, in the event that the date of purchase is a Rent Payment Date on which a Scheduled Rent payment designated as an "arrears rent" on Schedule A hereto as adjusted pursuant to Section 4 is due, payment of the sum of any Scheduled Rent designated as an "arrears rent" on Schedule A as adjusted pursuant to Section 4 on the Rent Payment Date on which such purchase is consummated with respect to such Transponders and the Rent Differential Amount, if any).
Assumption of Notes. Notwithstanding the provisions of Sections 7A.1 and 7A.2 and subject to compliance with Section 3.04 of the Indenture, if in connection with a purchase by the Lessee of all of Lessor’s right, title and interest in and to the Undivided Interest pursuant to Section 7A.2, the Lessee shall assume the Notes pursuant to Section 11.6 of the Participation Agreement, the obligation of the Lessee to pay the purchase price pursuant to Section 7A.2 shall be satisfied by such assumption of the Notes to the extent of the principal amount of and accrued but unpaid interest (other than overdue interest), if any, on the Notes so assumed and payment of the remaining portion of the purchase price in cash.
Assumption of Notes. Notwithstanding the provisions of Sections ------------------- 19(a) and (b) and subject to compliance with Section 2.13 of the Indenture, in connection with a purchase by Lessee of the Transponders pursuant to any of Sections 19(a)(ii) through 19(a)(vi), as the case may be, at Lessee's option, Lessee may assume the Notes (or the portion thereof associated with such purchased Transponder, as applicable), pursuant to Sections 5.05 and 11.04 of the Participation Agreement and the obligation of Lessee to pay the purchase price pursuant to the applicable clause of Section 19(a) shall be satisfied by such assumption of the Notes to the extent of the principal amount of the Notes so assumed (after, in the event that the date of purchase is a Rent Payment Date on which a Scheduled Rent payment designated as an "arrears rent" on Schedule A hereto, as adjusted pursuant to Section 12.05 or 12.06, subject to Sections 12.07 and 12.08, of the Participation Agreement, as applicable, is due, payment of the sum of any Scheduled Rent designated as an "arrears rent" on Schedule A, as adjusted pursuant to Section 12.06 of the Participation Agreement, on the Rent Payment Date on which such purchase is consummated with respect to the applicable Transponder(s) and the Rent Differential Amount, if any). Once Lessee has elected to exercise its option to assume the Notes by giving notice of such election in 36 its notice pursuant to Section 19(b) hereof, such Notes shall be mandatorily assumed by Lessee pursuant to the Indenture.
Assumption of Notes. Any and all documents and instruments as are reasonably required by the Lender in connection with Buyer's assumption of the Nationwide Note and the Wausau Note.
Assumption of Notes. Upon the Business Combination Closing, each Note that is not otherwise converted into shares of Common Stock of the Company immediately prior to the Business Combination Closing shall be assumed by the Combined Company and shall automatically be exchanged for a convertible promissory note to acquire shares of the Combined Company Common Stock after applying the Exchange Ratio. Upon such exchange, the Combined Company shall deliver a new promissory note to the Buyers substantially in the same form as the existing Notes upon surrender of the Notes to the Company, which Notes shall be cancelled by the Company, terminate and have no further force or effect, but without novation of the Obligations. Additionally, additional documentation shall be entered into or the existing Transaction Documents shall be amended, amended and restated or otherwise modified upon the Business Combination Closing, in each case in form an substance reasonably acceptable to the Required Holders, to (i) evidence the assumption by the Combined Company of the Notes and otherwise evidence the Combined Company as the issuer of the Notes, (ii) include both the Company and the Combined Company as parties to this Agreement and the Security Agreement and (iii) include the Company as a party to the Guaranty.
Assumption of Notes. 37 Page ---- (d) No Duplication of Rent Differential Amount.................................. 37
Assumption of Notes. Buyer will execute an Assumption Agreement ------------------- substantially in the form attached as Exhibit 6.2(i), pursuant to which it will assume the obligations of the Company under those certain promissory notes dated as of January 25, 1999, as amended by letter agreement dated September __, 1999, payable to each of Xxxxxx 0, X.X., Xxxx Xxxx Investment Limited and CCG Canada Inc.
Assumption of Notes. Each of the Owner Participant, the Lessor, each Loan Participant and the Indenture Trustee agrees that if, pursuant to Section 6.1(b) or 7A of the Lease, the Lessee elects to purchase the Undivided Interest, the Lessee may, so long as no Lease Default or Lease Event of Default shall have occurred and be continuing, elect to assume the obligations of the Lessor under the Notes and under the Indenture by giving notice of such election at least 90 days prior to the applicable purchase date in accordance with Section 3.04 of the Indenture. In addition, if the Lessee elects to so assume, the Lessee shall provide to the Indenture Trustee, each Loan Participant, the Lessor and the Owner Participant the Officer’s Certificate required under Section 3.04(a) and (b) of the Indenture and shall otherwise comply with the conditions set forth in Section 3.04 of the Indenture applicable to it. In the event that the Relevant Amendment becomes effective, this Agreement and the other Operative Documents shall be deemed amended as provided in the Relevant Amendment and upon such assumption the Lessor shall be released from all of its obligations under the Operative Documents except as may be expressly provided in the Relevant Amendment and the Lessor and the Owner Participant shall be satisfied as to form and substance with such release.
Assumption of Notes. Any and all documents and instruments as are reasonably required by the Lender in connection with Buyex'x xssumption of the Nationwide Note and the Wausau Note.
