Covenants of the Assignee. The Assignee hereby covenants and agrees that it will, independently and without reliance upon the Assignor or the Agent, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, evaluations and decisions in taking or not taking action under the Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, Property, financial and other condition and creditworthiness of the Borrowers. The Assignee further agrees to provide to the Agent any forms required by Section 3.10 of the Credit Agreement (if any) and any administrative questionnaire reasonably required by the Agent. 2
Covenants of the Assignee. The Assignee hereby covenants and agrees that it will, independently and without reliance upon the Assignor, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, evaluations and decisions in taking or not taking action under the Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, Property, financial and other condition and creditworthiness of the Borrower.
Covenants of the Assignee. The Assignee agrees with the Corporation that, pursuant to the Assignment Agreement, it will perform all of the obligations of Buyer under the Stock Purchase Agreement subject to and in accordance with the terms and conditions of the Stock Purchase Agreement.
Covenants of the Assignee. The Assignee hereby covenants and agrees that it will, independently and without reliance upon the Assignor or Administrative Agent, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, evaluations and decisions in taking or not taking action under the Loan Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, Property, financial and other condition and creditworthiness of the Borrower. The Assignee further agrees to provide to the Administrative Agent any forms required by Section 3.10 of the Credit Agreement and any administrative questionnaire reasonably required by the Administrative Agent. 5. Effectiveness of this Agreement
(a) Section 2 of this Agreement shall not become effective until such date (the "Assignment Effective Date") as all of the following conditions shall have been fulfilled:
(i) The Administrative Agent shall have executed a copy of this Agreement and shall have received duly executed counterparts hereof by each of the Assignor, the Assignee and, if required by the Credit Agreement, the Borrower;
(ii) The Assignor shall have delivered to the Assignee (with a copy to the Administrative Agent) a duly completed letter in the form of Annex A hereto;
(iii) The Assignee shall have confirmed in writing to the Assignor (with a copy to the Administrative Agent) that, on or before the Assignment Effective Date, it shall have transferred (in accordance with Section 6 hereof) the Purchase Price to the Assignor. At the time of such confirmation, the Assignee shall be deemed to have remade the representations and warranties contained in Section 3(b)(i), (ii) [and] (iii) [, and (iv)] hereof on and as of the date of such confirmation;
(iv) The Administrative Agent shall have received, for its own account, the assignment fee required to be paid pursuant to Section 11.7 of the Credit Agreement; and
(v) The Administrative Agent shall have received any forms required by Section 3.10 of the Credit Agreement and any administrative questionnaire reasonably required by the Administrative Agent.
(b) Upon the Assignment Effective Date, (i) the Administrative Agent shall record the assignment contemplated hereby, (ii) the Assignee shall be a Lender, and (iii) the Assignor, to the extent of the assignment provided for herein, shall be released from its obligations under the Loan Documents.
(c) The Assignee hereby appoints and auth...
Covenants of the Assignee. 10.1 Between the date of this Agreement and the Closing Date, the Assignee will make all reasonable efforts to obtain and procure in co-operation with the Assignor all consents, approvals, releases, and discharges required to effect the transactions contemplated hereby.
Covenants of the Assignee. 4.1 The Assignee agrees, undertakes and covenants to:
(a) perform, observe and comply with all the terms, conditions, restrictions, stipulations, obligations and covenants mentioned in the Agreement for Assignment (as if they were incorporated in these presents) and in this Deed and not to commit breach of or do any act contrary to any of the terms, covenants and conditions stated therein or herein;
(b) pay wholly in respect of the said Apartment and proportionately in respect of the Common Areas, the Common Expenses, Maintenance Charges, electricity charges and all levies, duties, charges, surcharges, rates, taxes and outgoings including GST, betterment and/or development charges under any statute, rule or regulation, electricity charges. Common Expenses and Maintenance Charges that may be and/or become payable at any time (including enhancements thereto and/or new imposition) relating to the construction, transfer and/or maintenance of the said Apartment and/or relating to this Deed of Assignment without raising any objection thereto, within 15(fifteen) days of demand being made and the Promoter shall not be liable for the same under any circumstance;
(c) regularly and punctually pay and contribute all costs and expenses for the utilities and facilities provided and/or obtained in the said Apartment and ensure that those to the other Unit Assignees are not adversely affected by any acts or defaults of the Assignee;
(d) not for any reason, directly or indirectly, make or cause any obstruction, interruption, hindrance, impediment, interference or objection in any manner relating to or concerning the transfer, assignment or disposal of any other unit or apartment in the Project;
(e) not question the quantum or apportionment of the Common Expenses mentioned in
(f) not object to the user of the Common Areas (mentioned in Schedule-G) by the other Unit Assignees;
(g) comply with and honour the mutual easements, common rules and restrictions mentioned in Schedule-I;
(h) get the said Apartment mutated in his name and/or separately assessed by the Corporation/Municipality or any competent authority; and
(i) pay all amounts and deposits that are payable by the Assignee under this Deed of Assignment and/or which are the liability of the Assignee under this Deed of Assignment even if the same are demanded and/or become payable subsequent to the execution of this Deed of Assignment.
(j) pay all future betterment/development charges etc. relating to the said Apartment ...
Covenants of the Assignee. The Assignee agrees and covenants that it will be bound by the terms of the Subscription Agreement relating to the Assigned Securities (including, without limitation, to pay the applicable portion of the Purchase Price therefor on the Closing Date).
Covenants of the Assignee. The Assignee covenants with the Assignor as follows:
4.1 To pay the rents reserved under the Riyadh Property as they fall due and to perform and observe all stipulations an conditions attached to the Riyadh Property under the License.
4.2 To indemnify the Assignor and to hold the Assignor indemnified against all proceedings, claims, demands, costs and expenses made and incurred by the Assignor on account of any omission on the part of the Assignee to pay the said rents or breach of any of the covenants, conditions and stipulations contained in the License relating to the Riyadh Property or any third party claims relating to the Riyadh Property.
Covenants of the Assignee in Favour of the Tenant The Assignee hereby covenants and agrees with the Tenant that the Assignment shall during the residue of the Term:
a. pay the rent reserved by the Lease;
b. perform and observe the obligations, covenants and conditions therein contained on the part of the tenant therein named to be observed and performed; and
c. indemnify and save the Tenant harmless therefrom and from all actions, suits, costs, losses, charges, damages and expenses for or in respect thereof, as if the Assignee were the Tenant named in the Lease.
Covenants of the Assignee
