Lease Assignment and Assumption. This Assignment and Assumption of Leases (the “Assignment”) is made effective as of June ___, 2013 (the “Effective Date”) by and between Wausau Paper Xxxxx, LLC (“Assignor”), and Specialty Papers Acquisition, LLC (“Assignee”).1
Lease Assignment and Assumption. Agreements for each real property lease and personal property lease included in the Purchased Assets and Assumed Liabilities, in form and substance reasonably satisfactory to Buyer (the "Lease Assignment and Assumption Agreements");
Lease Assignment and Assumption. (a) Provided that all of the Conditions (as defined in Section 12) have been satisfied by Tenant or Assignee, as applicable, as of the Transfer Date (as defined below), Tenant does hereby sell, transfer, convey and assign to Assignee and Assignee does hereby take, accept and assume from Tenant (i) all of Tenant's right, title and interest in and to and obligations under the Lease and (ii) all of Tenant's right, title and interest, if any, in and to the trade name "Xxxxxxxx House," it being understood and agreed, however, that Tenant is not making any representations or warranties with respect to the nature or extent of its legal rights, if any, in and to the name "Xxxxxxxx House."
(b) Assignee agrees to proceed with all due diligence to satisfy the Conditions by August 31, 2002 and, in connection therewith, Tenant agrees, upon request and at no cost to Tenant, to cooperate therein, including in Assignee's licensure application process, including, but not limited to, providing Assignee with such documentation or information as may be in Tenant's possession and may be required to be submitted as part of Assignee's license application.
(c) For purposes hereof, the Transfer Date shall be defined as the date on which operational and financial responsibility for the Facility are transferred to Assignee and the Lease is assigned to and assumed by Assignee; provided, however, in the event any of the Conditions have not been satisfied or waived by September 30, 2002, then either Tenant or Assignee shall have the right, but not the obligation, to declare this Agreement null and void and of no further force and effect.
Lease Assignment and Assumption. Company hereby transfers, assigns, conveys and delivers unto Purchase and its successors and assigns all rights arising under the office lease described in Schedule B hereto (the “Office Lease”) and Purchaser hereby accepts and assumes from Company and agrees to pay, perform and discharge in accordance with the terms thereof all of Company's duties, liabilities and obligations arising under the Office Lease. The obligations of the parties set forth in this Section 2 are contingent upon the Company obtaining a written consent to assignment from the landlord that is party to the Office Lease in the form set forth in Exhibit A hereto.
Lease Assignment and Assumption. Effective as of July 27, 2005, Tenant hereby accepts all of Proxim's right, title and interest in and to the Lease, and, from and after that date, assumes and agrees to be bound by and perform, as a direct obligation of Tenant to Landlord, each and all of the obligations, terms, covenants and agreements of the "Tenant" under the Lease.
Lease Assignment and Assumption duly executed by all parties thereto (other than Buyer);
Lease Assignment and Assumption. Seller and Buyer shall enter into an agreement substantially in the form and on the terms set forth in Exhibit B hereto (the "Lease Assignment and Assumption Agreement"), whereby Seller will assign to Buyer, and Buyer will assume the obligations of the Buffalo, NY, USA and Santa Fe Springs, CA, USA Real Property Leases;
Lease Assignment and Assumption. The Lease Assignment, executed and acknowledged by Purchaser; and
Lease Assignment and Assumption. 44 ARTICLE XII MISCELLANEOUS
Lease Assignment and Assumption. In the event of a termination of this Agreement as provided in Section 11.1, Purchaser hereby grants Seller the option, exercisable for a period of one year following the date of such termination, to assume all the rights and obligations of Purchaser under the New Lease and any amendments or modifications thereof. The exercise of such option by Seller shall be accomplished and be effective upon written notice thereof from Seller to Purchaser and to the landlord and the delivery to landlord of an executed assignment in recordable form which contains a covenant of assumption by Seller, and release of Purchaser, for the payment of rent and for the performance of all the terms, covenants, conditions and agreements otherwise to be performed by Purchaser under the New Lease. Purchaser hereby agrees to execute and deliver to Seller any such assignment and to provide any other documents reasonably requested by Seller to accomplish such assignment.
