Takeout Commitments; Takeout Assignments Clause Samples
Takeout Commitments; Takeout Assignments. Each Takeout Commitment (if any) has been delivered by the Seller and constitutes a valid, binding and existing obligation of a Takeout Investor, enforceable against the Seller and the Takeout Investor, respectively, in accordance with its terms (subject to bankruptcy laws and other similar laws of general application affecting rights of creditors and subject to the application of the rules of equity, including those relating to specific performance). If requested by the Buyer, each Takeout Commitment (if any) has been duly and validly assigned by the Seller to the Buyer pursuant to a Takeout Assignment.
Takeout Commitments; Takeout Assignments. If requested by the Buyer, each Takeout Commitment (if any) will be duly and validly assigned by the Seller to the Buyer pursuant to a Takeout Assignment.
Takeout Commitments; Takeout Assignments. 27 6.18 Subsidiaries..................................................28 6.19 Solvency......................................................28 Section 7. Covenants of the Borrower.......................................28
Takeout Commitments; Takeout Assignments. Each Takeout Commitment (if any) has been delivered by the Borrowers and constitutes a valid, binding and existing obligation of a Takeout Investor, enforceable against the Borrowers and the Takeout Investor, respectively, in accordance with its terms (subject to bankruptcy laws and other similar laws of general application affecting rights of creditors and subject to the application of the rules of equity, including those relating to specific performance). Each Takeout Commitment (if any) has been duly and validly assigned by the Borrowers to the Agent pursuant to a Takeout Assignment.
Takeout Commitments; Takeout Assignments. 6.19 Subsidiaries............................................. 6.20 Solvency................................................. 6.21