Assumption of Seller’s Obligations. Buyer hereby covenants and acknowledges that Buyer will assume and, upon the Closing Date, shall be deemed to have assumed all of Seller’s obligations of any kind whatsoever with respect to the Loan, the Loan Documents, and the Collateral. Buyer acknowledges that the sale of the Loan by Seller to Buyer is irrevocable and that Buyer shall have no recourse to Seller, except as otherwise provided in this Agreement.
Assumption of Seller’s Obligations. Purchaser shall execute, acknowledge and return to Seller counterparts of the assignments delivered pursuant to Section 11.1 to evidence its agreement to assume and perform all of the Seller's obligations under the Lease (as negotiated), Space Leases, Hotel Contracts, and transferable Permits from and after the Closing Date; together with its obligation to pay all items for which it has received a credit at Closing and to indemnify Seller with regard thereto.
Assumption of Seller’s Obligations. (a) On the Closing Date, Purchaser shall assume and upon the Closing Date shall be deemed to have assumed all of Seller's obligations of any kind whatsoever arising or accruing after the Closing with respect to the Loan, the Property or the Loan Documents, including, without limitation, any obligation Seller may have under the Loan Documents to make any payment on any Prior Mortgage Loan, and Purchaser shall indemnify Seller as specified in Section 17 hereof. The provisions of this Section shall survive the Closing.
Assumption of Seller’s Obligations. At closing, Buyer will assume ---------------------------------- and take full responsibility for any and all obligations, liabilities and encumbrances of Seller within St. Augustine Shores Subdivision and particularly to any and all pxxxx xxxxxxxxxx of property of Seller within St. Augustine Shores Subdivision as set forth in the Affidavit attacxxx xxxxxx xx Xxxibit "B".
Assumption of Seller’s Obligations. On the Closing Date, Buyer shall assume and upon the Closing Date shall be deemed to have assumed all of Seller’s obligations and liabilities of any kind whatsoever with respect to the Loan, the Loan Documents, and the Collateral.
Assumption of Seller’s Obligations. Purchaser shall execute, acknowledge and return to Seller counterparts of the assignments delivered pursuant to Section 11.1.3 to evidence its agreement to assume and perform all of the Seller's obligations under the Contracts and transferable Permits from and after the Closing Date and to indemnify Seller with regard thereto.
