Examples of Assumed Facilities in a sentence
Effective as of the Closing Date, OWNERS shall, to the 10370946.3 11 extent assignable without third party consent and to the extent third party consents have been obtained, if required, assign, and the NEW OPERATORS shall assume and agree to be bound by all of the terms and conditions of only the Assumed Facilities Contracts.
NEW OPERATORS will indemnify, defend and hold OWNERS harmless against any and all Losses incurred by, imposed upon or asserted against OWNERS, its Affiliates or Representatives as a result of, relating to or arising out of any obligations under the Assumed Facilities Contracts relating to the period from and after the Closing Date.
Except as set forth in Schedule 5.21, the Assumed Owned Real Property and the Assumed Facilities constitute all of the real property used by any of the Debtors in connection with the Acquired Assets or the Acquired Product Lines.
There has not been a Release to the Environment of any Hazardous Substance at, upon, in, from or under (i) any of the Assumed Owned Real Property, Assumed Facilities or other properties upon which any of the Debtor's assets are or were located at any time during the Debtors' ownership thereof or (ii) at any location to or from which a Debtor has transported or arranged for the transportation of Hazardous Substances from an Assumed Facility or the Assumed Owned Real Property.
None of the Assumed Facilities nor the Assumed Owned Real Property is currently, and, to the Debtors' knowledge, none of the Assumed Facilities nor the Assumed Owned Real Property has been, used as a treatment, storage or disposal facility for Hazardous Waste, as such term is defined in the Resource Conservation and Recovery Act, as amended, 42 U.S.C. ss.
Short-term payment again You owe them than 100000 in combined taxes penalties and interest Keep in island that setup fees for regular plan benefit be higher if you.
The mechanical, electrical, plumbing, HVAC and other systems servicing the Assumed Facilities are in good working order and repair, ordinary wear and tear excepted, and there are no defects in such systems which could reasonably be expected to materially impair the conduct of the Business by Purchaser immediately following the Closing.
Buyer shall, and shall cause its agents and representatives to, use due care in performing its inspections to reasonably avoid interfering with any Business operations conducted on the Assumed Facilities and coordinate with Sellers any entry upon the Assumed Facilities by Bxxxx and/or Buyer’s agents and representatives.
The Assumed Facilities shall be in a reasonably clean condition typical for an RV dealership.
Sellers and Seller Guarantor shall cooperate reasonably with Buyer to satisfy Buyer’s conditions precedent to the applicable Closing as set forth in Section 7.1 below, including, but not limited to, execution of documents and assignments and taking such actions as may be reasonably necessary for Buyer to obtain new dealer agreements covering the Assumed Facilities and all applicable governmental licenses, permits and approvals for the operation of recreational vehicle dealerships at the Assumed Facilities.