ASSUMPTION OF OBLIGATIONS, ETC Sample Clauses

ASSUMPTION OF OBLIGATIONS, ETC. Purchaser hereby accepts the foregoing sale, assignment, transfer and conveyance of all of Seller's right, title and interest, duties and obligations under each Lease and each Beneficial Interest assigned to Purchaser hereby, and agrees to assume and be bound by all the terms of, and to undertake all of the obligations of Seller contained in each Lease, including the covenant of quiet enjoyment contained therein, and in each Equipment Trust and SPLP and to accept the status of a substitute beneficiary of each Equipment Trust and substitute limited partner in each SPLP. Purchaser (i) adopts and confirms the powers of attorney, if any, granted by the agreements of limited partnership and trust agreements, to the general partner and Owner Trustee, respectively, of such entities, (ii) agrees to amendments to the organizational documents of the SPLPs and the Equipment Trusts naming Purchaser as a substitute or additional limited partner or beneficiary, as applicable, with the capital contribution as so required, and (iii) confirms the aforesaid power of attorney may be exercised by the general partner or Owner Trustee in the name of and on behalf of Purchaser to accomplish the foregoing.
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ASSUMPTION OF OBLIGATIONS, ETC. Notwithstanding anything contained in this Agreement to the contrary, the Company will not effect any of the transactions described in clauses (a) through (d) of section 5.1 unless, prior to the consummation thereof, (a) each Person (other than the Company) that may be required to deliver any cash, stock or other securities or other property upon the exercise of the Warrants as provided herein shall assume, by written instrument delivered to, and reasonably satisfactory to, the Warrant Agent, (x) the obligations of the Company under this Agreement (and if the Company shall survive the consummation of such transaction, such assumption shall be in addition to, and shall not release the Company from, any continuing obligations of the Company under this Agreement) and (y) the obligation to deliver to each holder of a Warrant such cash, stock or other securities or other property as such holder may be entitled to receive in accordance with the provisions of section 5.1, and (b) such Person shall have similarly delivered to the Warrant Agent an opinion of counsel for such Person, which counsel may be an in-house counsel of such Person or such other counsel reasonably satisfactory to the Warrant Agent and which opinion shall be reasonably satisfactory to the Warrant Agent, addressed to the Warrant Agent and stating that this Agreement and the Warrants issued hereunder shall thereafter continue in full force and effect and the terms hereof and thereof (in cluding, but not limited to, all of the provisions of section 4 and this section 5) shall be applicable to the cash, stock or other securities or other property that such Person may be required to deliver upon any exercise of any Warrant or the exercise of any rights pursuant thereto. Nothing in this sec tion 5 or in section 8 shall be deemed to authorize the Company to enter into any transaction not otherwise permitted by this Agreement.
Sample 1
ASSUMPTION OF OBLIGATIONS, ETC. The Shareholders expressly agree that no transfer of shares to a third party pursuant to Section 3, 4 or 5, or in accordance with Section 1.16 (ii) and (iii), may be completed unless the Buyer or the affiliate, as the case may be, shall have executed such documents as reasonably required by the other Shareholders to assure that such third party shall undertake the same responsibilities to the Shareholders as did the Shareholder making the Disposition and to be bound by the provisions of this Agreement, including any applicable restrictions on transfer of shares. Upon the execution of such documents, such third party shall be deemed to be a "Shareholder" for all purposes of this Agreement in place of the Selling Shareholder, or SFMT or Geraxx, xx the case may be.
Sample 1
ASSUMPTION OF OBLIGATIONS, ETC. Purchaser hereby accepts the ------------------------------ Interest, agrees to become a limited partner of the Partnership, assumes the obligations of Seller under the Partnership Agreement hereafter arising and otherwise agrees to be bound by all the terms and provisions of the Partnership Agreement. Such acceptance, commencement of such limited partner status and such assumption automatically shall become effective upon completion of the Closing (as defined below).
Sample 1

Related to ASSUMPTION OF OBLIGATIONS, ETC

  • Assumption of Obligations Any buyer or transferee of Lessor's interest in this Lease, whether such transfer is by agreement or by operation of law, shall be deemed to have assumed Lessor's obligation under this Paragraph 15. Each Broker shall be an intended third party beneficiary of the provisions of Paragraph 1.10 and of this Paragraph 15 to the extent of its interest in any commission arising from this Lease and may enforce that right directly against Lessor and its successors.

  • Assumption of Tariff Obligations Interconnection Customer agrees to abide by all rules and procedures pertaining to generation and transmission in the PJM Region, including but not limited to the rules and procedures concerning the dispatch of generation or scheduling transmission set forth in the Tariff, the Operating Agreement and the PJM Manuals.

  • Reaffirmation of Obligations Each Loan Party (a) acknowledges and consents to all of the terms and conditions of this Amendment, (b) affirms all of its obligations under the Loan Documents and (c) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or discharge such Loan Party’s obligations under the Loan Documents.

  • Delegation of Obligations The Asset Representations Reviewer may not delegate or subcontract its obligations under this Agreement to any Person without the consent of the Issuer and the Servicer.

  • Duration of Obligations The Manager’s obligation to provide Disentanglement Services will continue during the period commencing on the date that a Termination Notice is delivered and ending on the date on which the Successor Manager or the re-engaged Manager assumes all of the obligations of the Manager hereunder (the “Disentanglement Period”).

  • Termination of Obligations Termination of this Agreement pursuant to Section 10.1 hereof shall terminate all obligations of the parties hereunder, except for the obligations under Article IX, Article X, and Sections 11.4, 11.7, 11.14, 11.15 and 11.16 hereof; provided, however, that termination pursuant to paragraphs (b) or (c) of Section 10.1 shall not relieve the defaulting or breaching party or parties from any liability to the other parties hereto.

  • Payment of Obligations Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material obligations of whatever nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto have been provided on the books of the Borrower or its Subsidiaries, as the case may be.

  • Guaranty of Obligation Guarantor hereby irrevocably and unconditionally guarantees to Lender and its successors and assigns the payment and performance of the Guaranteed Obligations as and when the same shall be due and payable, whether by lapse of time, by acceleration of maturity or otherwise. Guarantor hereby irrevocably and unconditionally covenants and agrees that it is liable for the Guaranteed Obligations as a primary obligor.

  • Reinstatement of Obligations If at any time all or any part of any payment made by Indemnitor or received by Lender from Indemnitor under or with respect to this Agreement is or must be rescinded or returned for any reason whatsoever (including, but not limited to, the insolvency, bankruptcy or reorganization of Indemnitor or Borrower), then the obligations of Indemnitor hereunder shall, to the extent of the payment rescinded or returned, be deemed to have continued in existence, notwithstanding such previous payment made by Indemnitor, or receipt of payment by Lender, and the obligations of Indemnitor hereunder shall continue to be effective or be reinstated, as the case may be, as to such payment, all as though such previous payment by Indemnitor had never been made.

  • Repayment of Obligations Notwithstanding anything to the contrary contained herein, the Borrower shall repay the Advances Outstanding, all accrued and unpaid Yield, any Breakage Fees, Increased Costs, all accrued and unpaid costs and expenses of the Administrative Agent and Lenders and all other Obligations (other than unmatured contingent indemnification obligations) in full on the Facility Maturity Date.

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