Examples of Assumption in a sentence
The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, which shall include, inter alia, a representation by the assignee that it is (x) an Eligible Assignee and (y) not a Fund Affiliate, together with a processing and recordation fee of $3,500; provided that the Administrative Agent may, in its sole discretion, elect to waive or reduce such processing and recordation fee in the case of any assignment.
Each Four Leaf Warrant outstanding immediately prior to the Merger 1 Effective Time shall, at the Merger 1 Effective Time, cease to be a warrant with respect to Four Leaf Class A Common Stock and shall be assumed by Pubco and converted into a warrant to purchase one Pubco Class Ordinary Share pursuant to the Warrant Assumption Agreement (each, a “Pubco Warrant”).
This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.
Four Leaf and Pubco shall take all lawful action to effect the aforesaid provisions of this Section3.1(a)(iv), including entering into the Warrant Assumption Agreement.
Each Pubco Warrant shall continue to have and be subject to substantially the same terms as were applicable to such Four Leaf Warrant in effect immediately prior to the Merger 1 Effective Time under the terms of the Warrant Agreement (including any repurchase rights and cashless exercise provisions) in accordance with the provisions of the Warrant Assumption Agreement.