Obligations of Assignee. Assignee agrees to take and hold the Warrant and any shares of stock to be issued upon exercise of the rights thereunder (the “Securities”) subject to, and to be bound by, the terms and conditions set forth in the Warrant to the same extent as if Assignee were the original holder thereof.
Obligations of Assignee. Assignee agrees to take and hold the Warrant and any units to be issued upon exercise of the rights thereunder (and any units issuable upon conversion thereof) (the “Securities”) subject to, and to be bound by, the terms and conditions set forth in the Warrant to the same extent as if Assignee were the original holder thereof.
Obligations of Assignee. Any assignee of the Equity Interest of a Limited Partner in the Partnership, irrespective of whether such assignee has accepted and adopted in writing the terms and provisions of this Agreement or been admitted as a substituted Limited Partner, shall be deemed by the acceptance of such assignment to have agreed to be subject to the terms and provisions of this Agreement in the same manner as its assignor, and to have assumed the assignor’s Capital Commitment obligation pursuant to Section 4.1 with respect to the Equity Interest in the Partnership assigned.
Obligations of Assignee. Any assignee, irrespective of whether such assignee has accepted and adopted in writing the terms and provisions of this Agreement, shall be deemed by the acceptance of such assignment to have agreed to be subject to the terms and provisions of this Agreement in the same manner as its assignor.
Obligations of Assignee. Assignee shall not be liable for any of the obligations of Assignor or duties of Assignor under the Purchase Agreement, nor shall the Purchase Agreement give rise to any duties or obligations whatsoever on the part of Assignee owing to the Supplier.
Obligations of Assignee. In the event a Contractor Party assigns all or a portion of its rights and obligations arising under this Contract, and the assignment has been approved or deemed approved by SOCAR, the assignor shall, to the extent of the interest assigned, be released from all further obligations and liabilities arising under this Contract after the effective date of such assignment. The assignee with the remaining Contractor Parties shall thereafter be jointly and severally liable for the obligations arising from this Contract, except to the extent otherwise provided under this Contract.
Obligations of Assignee. In the event SOCAR assigns all or part of such interest and the assignment has been approved or deemed approved by Contractor, SOCAR shall, to the extent of such interest assigned, be released from all further obligations and liabilities arising under this Contract after the effective date of such assignment. The assignee shall thereafter be liable for the obligations arising from such interest in this Contract, except to the extent otherwise provided under this Contract.
Obligations of Assignee. In consideration of the foregoing assignment, the Assignee hereby agrees to perform all of the terms and conditions of the Lease to be performed by the lessee therein, including all rental and other payments becoming due, after the Effective Date, and to indemnify and save Assignor harmless from and against any and all claims, demands, losses, liabilities, costs and expenses (including attorneys fees and disbursements) by reason of any default by Assignee under the Lease.
Obligations of Assignee. From and after the date of this Agreement, Assignee shall be obligated and responsible for the performance of each and all of the obligations and agreements of Original Indemnitors under the Indemnity Agreement and the Environmental Indemnity Agreement, each as modified hereby, and Assignee shall be liable and responsible for each and all of the liabilities of Original Indemnitors thereunder, as fully and completely as if Assignee had originally executed and delivered the Indemnity Agreement and the Environmental Indemnity Agreement, each as hereby modified, including, without limitation, all of those obligations, agreements and liabilities which would have, but for the provisions of this Agreement, been the obligations, agreements and liabilities of Original Indemnitors thereunder. From and after the date hereof, Assignee hereby agrees to pay, perform and discharge each and every obligation of payment and performance of Original Indemnitors under, pursuant to and as set forth in the Indemnity Agreement and the Environmental Indemnity Agreement, each as modified hereby, at the time, in the manner and otherwise in all respects as therein provided. Assignee acknowledges and agrees that, following the Transfer, it will be an affiliate of Borrower and will derive substantial economic benefit from Lender’s agreement to consent to the Transfer and that there is adequate consideration for the Substitution. Assignee acknowledges that Lender would not consent to the Transfer without the agreement of Assignee to execute and deliver this Agreement as substitute indemnitor. Assignor acknowledges and agrees that the foregoing provisions of this Section 5 shall be for the sole benefit of Lender and nothing contained in this Agreement shall be deemed or construed to relieve Assignor of any of its duties, covenants, representations, warranties or obligations under, and in accordance with the terms of, the Contribution Agreement or any other document or instrument executed and delivered by Assignor pursuant to the terms thereof.
Obligations of Assignee. Notwithstanding the assignment in Section 1.1, Assignee understands that Assignor is a publicly-traded company and has or will have obligations to file financial statements with the SEC and/or OTC Markets, accessible by shareholders and investors of Assignor. As such, Assignee agrees to provide all financial materials and supporting materials needed for Assignor to fulfill its filing obligations with the SEC and/or OTC Markets. In addition, Assignee agrees not to make any oral or written statements or otherwise take any action that is intended or may reasonably be expected to disparage the reputation, business, prospects or operations of Assignor.
