Assumption of Seller Obligations by Buyer; Assignment of Rights Sample Clauses

Assumption of Seller Obligations by Buyer; Assignment of Rights. Buyer expressly agrees to assume the obligations of Seller under all Permitted Encumbrances, including, specifically, but not limited to, that certain Windlass Run Sewer Agreement (FRP, MIE and MRBC) dated December 8, 2006, by and between FRP Bird River LLC, Middle River Business Center, LLC, and Middle River-MIE Area 2/3, LLC, recorded among the Land Records of Baltimore County in Book 24966, page 319, with regard to the payment of sewer connection charge credits due to Middle River-MIE Area 2/3, LLC and that certain Agreement dated October 17, 2007, by and between Rosedale Roofing Company, Inc. and FRP Bird River LLC, recorded among the Land Records of Baltimore County in Book 26312, page 477, which are each hereby deemed Permitted Exceptions. At Closing, Seller shall assign to Buyer any and all rights that it has to a right of first refusal pursuant to that certain Deed of Partition and Exchange dated January 11, 1983, by and between Universal Housing Development Company and Charles G. Stoecker, Francis J. Xxxxxxxx xxx Xxxxe X. Xxxxxx, xxxxxxx warraxxxxx xx xxxxxxentations of any kind; and such assignment shall include any rights of first refusal related to property to be retained by Seller and not subject to this Agreement. If Seller receives notice of the right to exercise the right of first refusal prior to Closing, and provided that Buyer is not in default hereunder, Seller shall promptly forward such notice to Buyer. To the extent possible, Seller shall, at that time, assign its rights to Buyer to exercise the right of first refusal, subject to terms and conditions to be agreed upon by the parties; such terms and conditions to include, but not be limited to, an option in favor of Seller to acquire the Stoecker property if Buyer doex xxx xx to Closing on the Property in accordance with the terms of this Agreement.
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Related to Assumption of Seller Obligations by Buyer; Assignment of Rights

  • Conditions Precedent to Obligation of Seller The obligation of Seller to consummate the transaction hereunder shall be subject to the fulfillment on or before the date of Closing of all of the following conditions, any or all of which may be waived by Seller in its sole discretion:

  • Conditions Precedent to the Obligation of Seller to Close The obligation of Seller to consummate the transactions contemplated by this Agreement is subject to the fulfillment, prior to or on the Closing Date, of each of the following conditions precedent, any one or more of which may be waived by Seller in writing:

  • Conditions Precedent to Obligation of Buyer Buyer's obligation to consummate the transactions contemplated by this Agreement is subject to the satisfaction, on or prior to the Closing Date, of each of the following conditions, unless otherwise waived by Buyer in writing:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER The obligations of Seller to consummate the transactions contemplated by this Agreement are subject to the fulfillment, prior to or on the Closing Date, of each of the following conditions (any or all of which may be waived by Seller in whole or in part to the extent permitted by applicable Law):

  • Conditions Precedent to Seller’s Obligations The obligations of Seller to effect the Closing of the transactions contemplated hereby are subject to the fulfillment, prior to or at the Closing, of each of the following conditions, any of which may be waived in writing by Seller:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLERS The obligations of Sellers to consummate the transactions contemplated by this Agreement are subject to the fulfillment, prior to or on the Closing Date, of each of the following conditions (any or all of which may be waived by Sellers in whole or in part to the extent permitted by applicable Law):

  • CONTINUING OBLIGATION OF SELLER The Seller shall provide all reasonable assistance necessary for the Purchaser to resolve account problems raised by any Borrower, the Guarantor or the Secretary provided such account problems are attributable to or are alleged to be attributable to (a) an event occurring during the period the Seller owned the related Purchased Loan, or (b) a payment made or alleged to have been made to the Seller. Further, the Seller agrees to execute any financing statements at the request of the Purchaser in order to reflect the Purchaser’s interest in the Loans.

  • Conditions to Obligation of Sellers The obligation of Sellers to consummate the transactions to be performed by them in connection with the Closing is subject to satisfaction of the following conditions:

  • Conditions to Obligation of Seller The obligation of Seller to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • CONDITIONS PRECEDENT TO THE SELLER'S OBLIGATIONS The obligations of the Seller under this Agreement are subject to the following conditions (any of which may be waived in writing in whole or in part by the Seller):

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