Assuming Obligors definition

Assuming Obligors means Assuming Borrower and Assuming Indemnitor; the term “Original Obligors” shall mean Original Borrower and Original Indemnitor.
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Assuming Obligors means Assuming Borrower and Assuming Indemnitor; and the term "ORIGINAL OBLIGORS" shall mean Original Borrower and Original Indemnitor.
Sample 1
Assuming Obligors means Assuming Borrower, New Guarantor and Four Resource Member, LLC, a Delaware limited liability company (“Assuming Pledgor”); and the term “Original Obligors” shall mean Original Borrower and Original Guarantor. Capitalized terms not otherwise defined herein shall have the meanings provided for such terms in the Loan Agreement.
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Examples of Assuming Obligors in a sentence

  • Assuming Obligors and Original Obligors have had sufficient time to review this Agreement, have been represented by legal counsel at all times, have entered into this Agreement voluntarily and without fraud, duress, undue influence or coercion of any kind.

  • Any failure of Assuming Obligors or Original Obligors to fulfill any one of the conditions set forth in this Agreement shall constitute a default under this Agreement and the Loan Documents.

  • Neither the entry into nor the assumption and performance of and compliance with this Agreement or any of the Loan Documents has resulted or will result in any violation of, or a conflict with or a default under, any judgment, decree, order, mortgage, indenture, contract, agreement or lease by which Assuming Obligors or any property of Assuming Obligors are bound or any statute, rule or regulation applicable to Assuming Obligors.

  • Any breach of Assuming Obligors or Original Obligors of any of the representations and warranties contained herein shall constitute a default under the Mortgage and each other Loan Document.

  • Assuming Obligors acknowledge and agree that the funds listed above constitute all of the reserve and escrow funds currently held by Lender with respect to the Loan and authorize such funds to be transferred to an account controlled by Lender for the benefit of Lender and Assuming Borrower.

  • Assuming Obligors understand and intend that Lender shall rely on the representations, warranties and covenants contained herein.

  • Original Obligors and Assuming Obligors, on behalf of themselves and their heirs, successors and assigns, covenant and agree never to institute or cause to be instituted or continue prosecution of any suit or other form of action or proceeding of any kind or nature whatsoever against any of the Lender Parties by reason of or in connection with any of the foregoing matters, claims or causes of action.

  • Assuming Obligors have no knowledge that any of the representations and warranties made by the Original Obligors herein are untrue, incomplete, or incorrect.

  • Assuming Obligors and Original Obligors acknowledge and agree that Lender’s consent herein contained is expressly limited to the sale, conveyance, assignment and transfer herein described, that such consent shall not waive or render unnecessary Lender’s consent or approval of any subsequent sale, conveyance, assignment or transfer of the Property, and that Section 8 of the Mortgage, as amended herein, shall continue in full force and effect.

  • Read Levasseur, Précis, 126-28.c} The Assuming Obligor's Defenses Are Expanded 2} Horizontal Effects: Those Between the Obligor & the Third Persona} The Original Obligor & The Third Person Become Solidary Co-Obligors (Or Do They?) 1/ Onerous AssumptionsOGH 136.

Related to Assuming Obligors

  • Seller Parties has the meaning set forth in the preamble to this Agreement.

  • Sellers has the meaning set forth in the preamble.

  • Seller has the meaning set forth in the Preamble.

  • Seller Parent has the meaning set forth in the Preamble.

  • Seller Party means Seller, any Affiliates of Seller, any direct or indirect subcontractors of Seller or its Affiliates and any of such subcontractors' Affiliates.

  • the Seller means the person so described in the Order;

  • Purchaser Financial Statements shall have the meaning specified in Section 4.8.1.

  • Acquired Companies means, collectively, the Company and the Company Subsidiaries.

  • Sellers Disclosure Schedule means the disclosure schedule delivered by the Sellers to the Purchaser on the date hereof.

  • Seller Documents has the meaning set forth in Section 3.2.

  • Buyer has the meaning set forth in the preamble.

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Seller Entities means the Seller and its affiliates other than the Buyer Entities;

  • Purchaser Disclosure Schedule means the disclosure schedule of Purchaser delivered to Seller in connection with the execution and delivery of this Agreement.

  • Seller Disclosure Schedules means those certain Seller Disclosure Schedules dated as of the date of this Agreement, provided by Seller to Purchaser.

  • Buyer Financial Statements shall have the meaning set forth in Section 4.6.

  • Buyer Parties has the meaning set forth in the Preamble.

  • Buyer Disclosure Schedules means the disclosure schedules delivered by Buyer to Seller concurrently with the execution and delivery of this Agreement.

  • Selling Parties shall have the meaning specified in the preamble.

  • Acquired Entities means the Company and each of its Subsidiaries, collectively.

  • Target Companies means the Company and its Subsidiaries.

  • Purchaser Disclosure Letter means the Purchaser Disclosure Letter attached hereto, dated as of the date hereof, delivered by Purchaser in connection with this Agreement.

  • Seller Disclosure Schedule means the disclosure schedule of Seller delivered to Purchaser in connection with the execution and delivery of this Agreement.

  • The Purchaser means the organization purchasing the Goods, as named in SCC.

  • Other Sellers shall have the meaning set forth in Section 10.4.

  • Receivables Sellers means the Company and those Subsidiaries (other than Receivables Entities) that are from time to time party to the Permitted Receivables Facility Documents.