Consent to Assignment and Assumption. Holder, for itself, its successors and assigns, hereby consents to the assignment of the Note by Assignor to Assignee and the assumption by Assignee of all obligations of Assignor to pay principal and accrued interest and other sums which may become due and owing to Holder under the Note. By this consent, Holder releases and forever discharges Assignor from any further obligation or liability whatsoever under the Note and agrees to look solely and exclusively to Assignee for the payment of all sums due or which may become due to Holder thereunder.
Consent to Assignment and Assumption. Pursuant to Section 9.5 of the Credit Agreement, the undersigned, as the Borrower and the Agent under the Credit Agreement, hereby consent to the Assignment and Assumption referred to above and the other agreements and provisions set forth above (the “Consent”). The undersigned further agree to execute and deliver such documents and take such other action as Assignor or Assignee may reasonably request from time to time to further evidence the foregoing Assignment and Assumption and other agreements and provisions. Further, as a material inducement to Assignor to transfer, and to Assignee to acquire, such right, title and interest in the Loans and other extensions of credit, as provided in the above Assignment and Assumption and as evidenced by the Credit Agreement and the other Credit Documents referred to therein (all such documents being collectively referred to herein as the “Transaction Documents”), the Borrower represents and warrants to Assignor and Assignee that there is no Event of Default then in effect and the Termination Date has not occurred. Capitalized terms used and not defined in this Consent have the meanings given to such terms in the Assignment and Assumption above or in the Credit Agreement, as the case may be. This Consent shall be governed by the same law that governs the Credit Agreement. This Consent may be validly executed and delivered by fax or other electronic transmission and in multiple counterparts by different parties hereto. TORTOISE ENERGY INFRASTRUCTURE CORPORATION, the Borrower By: Name: Title: [NAME OF AGENT], as Agent By: Name: Title:
Consent to Assignment and Assumption. Pursuant to Section 9.02 of the Share Purchase Agreement, Fairfax hereby waives Section 9.06 of the Share Purchase Agreement, and Fairfax hereby consents to the Assignment and Assumption. This Agreement shall not constitute an assignment of any claim, contract, permit, franchise, or license if the attempted assignment thereof, without the consent of the other party thereto, would constitute a breach of such claim, contract, permit, franchise, or license or in any way adversely affect the rights thereunder. If such consent is not obtained, or if any attempted assignment thereof would be ineffective or would adversely affect the rights of Tower thereunder so that Catalina would not in fact receive all such rights, then Catalina may act as the attorney-in-fact of Tower in order to obtain for Catalina the benefits thereunder.
Consent to Assignment and Assumption. Company hereby consents to the Assignment and Assumption of the Note as specifically set forth above.
Consent to Assignment and Assumption. The Licensed Party unconditionally and irrevocably consents to the Assuming Party's assumption of Assigning Party's_duties, liabilities and obligations under the Assigned Contracts.
Consent to Assignment and Assumption. All parties hereto hereby consent and agree to the assignments, delegations and assumptions described Sections 2 and 3 above.
Consent to Assignment and Assumption. Effective as of the Effective Date, (i) Landlord consents to the foregoing assignment and assumption of the Assigned Lease Documents, and (ii) Landlord releases Tenant from and relieves Tenant of all of Tenant’s obligations under the Assigned Lease Documents arising from and after the Effective Date.
Consent to Assignment and Assumption. FTGS hereby consents and agrees to the assignment and assumption of the Use Agreement to the City. WHEREFORE, this Agreement has been executed effective as of the day and year first above written. THE CITY OF SEATTLE, A Washington municipal corporation MUNICIPAL GOLF OF SEATTLE, A Washington non-profit corporation THE FIRST TEE OF GREATER SEATTLE, A Washington non-profit corporation Facility Hours of Operations Driving Range 6:00 a.m. to 10:00 p.m. during Peak Season 8:00 a.m. to 10:00 p.m. during Off Season (10:00 a.m. on Mondays) Golf Courses Xxxx to Dark (a defined term) Pro Shops Xxxx to Dark (a defined term) Restaurants 7:00 a.m. to Dark (a defined term) during Peak Season 8:00 a.m. to Dark (a defined term) during Off Season For purposes of this Agreement, Peak Season shall mean the months of April through October and Off Season shall mean the months of November through March. The above minimum daily hours of operation may be reasonably changed or revised by the Department from time to time made after written notice to and consultation with the Operator. Month Description Year to Date Full Year Actual Budget Variance % March 2004 Interbay Actual Budget Variance % Budget 2416 2361 $ 55 2% Total Rounds $ 5,061 $ 5,159 $ (98) (2%) 42,510 $ 27,619 $ 20,979 $ 6,640 32% REVENUES $ 58,849 $ 51,315 $ 7,534 15% $ 502,423 Interbay Green Fees $ 27,619 $ 20,979 $ 6,640 32% Subtotal Green Fees $ 76,397 $ 67,388 $ 9,009 13% $ 502,423 $ 49,095 $ 44,991 $ 4,104 9% Merchandise Sales $ 98,580 $ 99,581 $ (1,001) (1%) $ 542,830 $ 74,465 $ 66,675 $ 7,790 12% Driving Range $ 183,112 $180,150 $ 2,962 2% $ 881,155 $ 24,419 $ 23,372 $ 1,047 4% Lessons $ 44,807 $ 53,701 $ (8,894) (17%) $ 350,503 $ 8,326 $ 6,640 $ 1,686 25% Mini Golf $ 17,548 $ 16,073 $ 1,475 9% $ 163,500 $ 6,688 $ 2,390 $ 4,298 180% Other Income $ 16,104 $ 7,129 $ 8,975 126% $ 62,446 $ 15,117 $ 12,393 $ 2,724 22% Restaurant $ 31,562 $ 30,102 $ 1,460 5% $ 234,182 $ 205,729 $ 177,440 $ 28,289 16% TOTAL REVENUES $ 450,562 $438,051 $ 12,511 3% $2,737,039 EXPENSES $ 43,959 $ 30,284 $ 13,675 (45%) Merchandise COS $ 85,739 $ 67,591 $ 18,148 (27%) $ 369,124 $ 5,912 $ 4,710 $ 1,202 (26%) Food and Beverage COS $ 13,043 $ 11,439 $ 1,604 (14%) $ 93,673 $ 14,390 $ 16,830 $ (2,440) 14% Lessons COGS $ 29,686 $ 40,013 $(10,327) 26% $ 245,352 $ 37,876 $ 39,143 $ (1,267) 3% Administration (Interbay G&A $ 123,058 $105,017 $ 18,041 (17%) $ 400,000 +10% of 4 course G&A) $ 74,335 $ 48,656 $ 25,679 (53%) Course Operations $ 171,094 ...
Consent to Assignment and Assumption. Lessor hereby consents to the assignment and assumption by Assignee of all of Assignor's rights, titles, interests and obligations under the Lease. This consent releases Xxxxxxx X. Xxxxxxxxx, Xxxxxx Xxxxxxxxx, Xxxxx X. Xxxxxx and Xxxxxxx X. Xxxxxx from all personal obligations under the Lease. This consent shall not constitute consent to any further assignment or assumption. Lessor hereby represents to Assignee that Assignor is not presently in default in the payment of rental amounts due under the Lease, and that to the best of Lessor's knowledge and belief, Assignor is not otherwise in default under the Lease.
Consent to Assignment and Assumption. Purchasers and Protective hereby consent to the assignment to, and the assumption by, SelectQuote of the obligations of SQIS, as the surviving entity of the merger between SelectTech and SQIS, set forth in the Debenture Documents. SelectQuote hereby acknowledges and affirms the terms, conditions and agreements set forth in the Debenture Documents and assumes the obligations of SQIS with respect to the Debenture Documents.
