Waiver, Release and Assumption of Obligations Sample Clauses

Waiver, Release and Assumption of Obligations. Landlord’s payment or performance pursuant to the provisions of this Article shall not be, nor be deemed to be (a) a waiver or release of the Default or Event of Default with respect thereto (or any past or future Default or Event of Default) or of Landlord’s right to terminate this Lease in accordance with the provisions hereof and/or to take such other action as may be permissible hereunder, or (b) Landlord’s assumption of Tenant’s obligations to pay or perform any of Tenant’s past, present or future obligations hereunder.
Sample 1
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Waiver, Release and Assumption of Obligations. Xxxxxxxx's payment or performance pursuant to the provisions of this Article 22 shall not be, nor be deemed to be (a) a waiver or release of the Default or Event of Default with respect thereto (or any past or future Default or Event of Default) or of Landlord's right to take such action as may be permissible hereunder, or (b) Xxxxxxxx's assumption of Tenant's obligations to pay or perform any of Xxxxxx's past, present or future obligations hereunder.
Sample 1
Waiver, Release and Assumption of Obligations. County’s payment or performance pursuant to the provisions of this Article shall not be, nor be deemed to constitute, County’s assumption of Developer’s obligations to pay or perform any of Developer’s past, present or future obligations hereunder.
Sample 1
Waiver, Release and Assumption of Obligations. Landlord’s payment or performance pursuant to the provisions of this Article shall not constitute, nor be deemed to constitute (a) a waiver or release of the Default or Event of Default with respect thereto (or any past or future Default or Event of Default) or of Landlord’s right to terminate this Lease and/or to take such other action as may be permissible under law or hereunder, or (b) Landlord’s assumption of Tenant’s obligations to pay or perform any of Tenant’s past, present or future obligations hereunder. Notwithstanding the foregoing, if Landlord pays an amount due or performs an obligation of Tenant and Tenant timely reimburses Landlord for sums billed by Landlord in connection with such payment or performance pursuant to Section 21.02, no Default or Event of Default shall exist with respect to such amount as has been paid.
Sample 1
Waiver, Release and Assumption of Obligations. (a) Owner's payment or performance pursuant to the provisions of this Article 24 shall not be, nor be deemed to constitute, Owner's assumption of Tenant's obligations to payor perform any of Tenant's past, present or future obligations hereunder. (b) Tenant's payment or performance pursuant to the provisions of this Article 24 shall not be, nor be deemed to constitute, Tenant's assumption of Owner's obligations to payor perform any of Owner's past, present or future obligations hereunder. Article 25 - Events of Default, Conditional Limitations,
Sample 1

Related to Waiver, Release and Assumption of Obligations

  • FORM OF ASSIGNMENT AND ASSUMPTION This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any letters of credit and guarantees included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.

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