Satisfaction of Existing Obligations and Assumption of Contingent Liabilities Sample Clauses

Satisfaction of Existing Obligations and Assumption of Contingent Liabilities. SWBT may condition its approval of any requested assignment or transfer on the assignee’s or successor’s payment or satisfaction of all outstanding obligations of Applicant under this Agreement and the assignee’s or successor’s assumption of any liabilities, or contingent liabilities, of Applicant arising out of or in connection with this Agreement.
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Satisfaction of Existing Obligations and Assumption of Contingent Liabilities. Except as otherwise provided in Section 11.1.3 above, SBC-13STATE may condition its approval of any requested assignment or transfer on the assignee’s or successor’s payment or satisfaction of all outstanding obligations of Attaching Party under this Agreement and the assignee’s or successor’s assumption of any liabilities, or contingent liabilities, of Attaching Party arising out of or in connection with this Agreement, which approval shall not be unreasonably withheld or delayed.
Satisfaction of Existing Obligations and Assumption of Contingent Liabilities. AT&T-13STATE may condition its approval of any requested assignment or transfer on the assignee’s or successor’s payment or satisfaction of all outstanding obligations of Attaching Party under this Agreement and the assignee’s or successor’s assumption of any liabilities, or contingent liabilities, of Attaching Party arising out of or in connection with this Agreement.
Satisfaction of Existing Obligations and Assumption of Contingent Liabilities. AT&T may condition its approval of any requested assignment or transfer on the assignee’s or successor’s payment or satisfaction of all outstanding obligations of Attaching Party under this Agreement and the assignee’s or successor’s assumption of any l iabilities, or contingent liabilities, of Attaching Party arising out of or in connection with this Agreement. Additionally, depending on the Effective Date of the Agreement, AT&T may condition its approval of any requested assignment or transfer on the assignee’s or successor’s execution of a current Structure Access Agreement with AT&T.
Satisfaction of Existing Obligations and Assumption of Contingent Liabilities. Either Party may condition its approval of any requested assignment or transfer on the assignee’s or successor’s payment or satisfaction of all outstanding obligations of the other party under this Agreement and the assignee’s or successor’s assumption of any liabilities, or contingent liabilities, of the proposed assignor arising out of or in connection with this Agreement.

Related to Satisfaction of Existing Obligations and Assumption of Contingent Liabilities

  • Merger or Consolidation of, or Assumption of the Obligations of, Seller Any Person (a) into which the Seller may be merged or consolidated, (b) which may result from any merger or consolidation to which the Seller shall be a party or (c) which may succeed to the properties and assets of the Seller substantially as a whole, which Person in any of the foregoing cases executes an agreement of assumption to perform every obligation of the Seller under this Agreement, shall be the successor to the Seller hereunder without the execution or filing of any document or any further act by any of the parties to this Agreement; provided, however, that (i) immediately after giving effect to such transaction, no representation or warranty made pursuant to Section 3.1(a) shall have been breached and no Servicer Termination Event, and no event which, after notice or lapse of time, or both, would become a Servicer Termination Event shall have happened and be continuing, (ii) the Seller shall have delivered to the Owner Trustee, the Trust Collateral Agent and the Trustee an Officer’s Certificate and an Opinion of Counsel each stating that such consolidation, merger or succession and such agreement of assumption comply with this Section and that all conditions precedent, if any, provided for in this Agreement relating to such transaction have been complied with, (iii) the Rating Agency Condition shall have been satisfied with respect to such transaction and (iv) the Seller shall have delivered to the Owner Trustee, the Trust Collateral Agent and the Trustee an Opinion of Counsel stating that, in the opinion of such counsel, either (A) all financing statements and continuation statements and amendments thereto have been executed and filed that are necessary fully to preserve and protect the interest of the Trust Collateral Agent, the Issuer and the Trustee, respectively, in the Receivables and reciting the details of such filings or (B) no such action shall be necessary to preserve and protect such interest. Notwithstanding anything herein to the contrary, the execution of the foregoing agreement of assumption and compliance with clauses (i), (ii), (iii) and (iv) above shall be conditions to the consummation of the transactions referred to in clauses (a), (b) or (c) above.

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