Assumption Conditions definition

Assumption Conditions has the meaning specified in Section 11.25.
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Assumption Conditions is defined in Section 4.7(d).
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Assumption Conditions has the meaning set forth in Section 6.9(b).
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Examples of Assumption Conditions in a sentence

  • Each of the original Notes and Recourse Notes, together with an allonge attached thereto endorsing without recourse to the order of Buyer each Note and each Recourse Note; provided that neither the Recourse Notes nor any allonges thereto shall be delivered to Buyer at Closing if the 21st Assumption Conditions are satisfied in a timely manner as required under Section 5.8 (in which event the provisions of Section 5.8 shall govern the disposition of the Recourse Notes and related obligations).

  • In the event this Agreement is terminated in accordance with the foregoing and the failure of the Lender to approve the Assumption Conditions is not the result of a default by Purchaser hereunder including, without limitation, Sections 3.5.3, then the Deposit shall be returned to Purchaser and the parties shall have no further rights or obligations hereunder except for those obligations which expressly survive the termination of this Agreement.

  • If the Assumption Conditions have not been satisfied by the Closing Date, then subject to the immediately following sentence, the Closing Date shall be automatically extended until the earlier of (i) the fifth (5th) business day after such approval is obtained, or (ii) the Outside Closing Date (as defined in Section 5.1 below).

  • Following satisfaction of the Assumption Conditions, Xxxxxxx and each Guarantor consent to, and agree to be bound by, the terms of the Intercreditor Agreement, as the same may be in effect from time to time, and to perform their respective obligations thereunder in accordance with the terms therewith.

  • Prior to satisfaction of the Assumption Conditions, GNET shall do or cause to be done all acts and things that may be required, or that the Escrow Agent from time to time may reasonably request, to assure and confirm that the Trustee holds, for the benefit of the holders of the Notes, duly created and enforceable and perfected Liens upon the Collateral (as such term is defined the Escrow Agreement), in each case, as contemplated by, and with the Lien priority required under, the Escrow Agreement.

  • Beneficiary shall consent to the Transfer and Assumption, as long as all of the Transfer and Assumption Conditions (hereinafter defined) are satisfied.

  • All of the Building B Loan Assumption Conditions shall have been satisfied and Building B Lender shall have executed and delivered to Buyer the Building B Lender’s Consent upon terms and conditions satisfactory to Buyer, and Seller and Lender shall each have executed and delivered to Escrow all of the Building B Loan Assumption Documents necessary to effectuate the Building B Loan Assumption.

  • All of the Loan Assumption Conditions for which Sellers are responsible shall have been duly satisfied by such Sellers concurrently with the Closing.

  • On the Assumption Effective Date and after giving effect to the provisions of this Joinder Agreement, there shall exist no Default, and the President, a Vice President or a Financial Officer of each of United Fire and Holding shall have delivered to the Administrative Agent written confirmation thereof dated as of the Assumption Effective Date, which certificates shall also confirm such of the other Holding Assumption Conditions as the Administrative Agent shall reasonably request.

  • All of the Bay Hill Loan Assumption Conditions shall have been satisfied, the Bay Hill Lender shall have executed and delivered to Buyer the Bay Hill Lender’s Consent upon terms and conditions satisfactory to Buyer, and Seller and Bay Hill Lender shall each have executed and delivered to Escrow all of the Bay Hill Loan Assumption Documents necessary to effectuate the Bay Hill Loan Assumption and its amendment and restatement.


More Definitions of Assumption Conditions

Assumption Conditions has the meaning set forth in Section 10.2(d)(i).
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Assumption Conditions means that Seller has delivered to Purchaser such evidence and assurances Purchaser reasonably requests to confirm and assure Purchaser (i) that Seller has not defaulted in the performance of the Pre-Execution Lease Obligations and (ii) that the amount of the unpaid Pre-Execution Lease Expenses will not exceed the Lease Obligation Credit.
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Assumption Conditions means (i) obtaining the written consent of the Construction Lender to, and otherwise entering into such documents as may be required by Construction Lender with respect to, the foregoing assumption and agreement to pay and perform, and (ii) causing Seller and Xxxxxx to be fully released, in writing, on the Closing Date from any and all duties, obligations, liabilities and responsibilities whatsoever under the Construction Loan and the Existing Collateral Documents, which consent and other documents and release shall be in such form as may be prescribed by Construction Lender and reasonably satisfactory to Seller. In no event whatsoever shall the satisfaction of the Assumption Conditions or Purchaser's ability to effect such assumption be deemed to be a condition precedent to the obligations of Purchaser to purchase the Project and to pay the Purchase Price, and if the Assumption Conditions are not satisfied prior to the Closing Date or if Purchaser does not effect such assumption, then Purchaser shall nonetheless purchase the Project and pay the Purchase Price in accordance with SECTION 2.2.1, above.
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Assumption Conditions means each of the following conditions:
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Assumption Conditions has the meaning set forth in Article 11.
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Assumption Conditions means the consummation of the actions contemplated by Sections 3.08(3)?
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Related to Assumption Conditions

  • Poor foundation conditions means those areas where features exist which indicate that a natural or man-induced event may result in inadequate foundation support for the structural components of an SWLF unit.

  • Conditions Precedent shall have the meaning set forth in Clause 4.2.

  • Redemption Conditions means, with respect to any payment of cash in respect of the principal amount of any Permitted Convertible Debt, satisfaction of each of the following events: (a) no Default or Event of Default shall exist or result therefrom, and (b) both immediately before and at all times after such redemption, Borrower’s Qualified Cash shall be no less than 150% of the outstanding principal amount of the Secured Obligations plus the Qualified Cash A/P Amount.

  • Minimum Extension Condition has the meaning specified in Section 2.15(b).

  • Specific Conditions means the conditions in addition or in variation to the general conditions which the Commission may lay down specifically for a distribution licensee;

  • Release Conditions mean the following conditions: (i) Company has received the Executive’s executed Release and (ii) any rescission period applicable to the Executive’s executed Release has expired.

  • Closing Conditions shall include, but are not limited to, SI Securities determining in its sole discretion that at the time of a closing, the Minimum Offering has been met, the investment remains suitable for investors, investors have successfully passed ID, KYC, AML, OFAC, and suitability screening, and that Issuer has completed all actions required by it as communicated by SI Securities at the time of a closing.

  • Escrow Release Conditions has the meaning set forth in the Escrow Agreement.

  • Funding Conditions With respect to any proposed Funding Date, the following conditions:

  • Refinancing Conditions the following conditions for Refinancing Debt: (a) it is in an aggregate principal amount that does not exceed the principal amount of the Debt being extended, renewed or refinanced; (b) it has a final maturity no sooner than, a weighted average life no less than, and an interest rate no greater than, the Debt being extended, renewed or refinanced; (c) it is subordinated to the Obligations at least to the same extent as the Debt being extended, renewed or refinanced; (d) the representations, covenants and defaults applicable to it are no less favorable to Borrowers than those applicable to the Debt being extended, renewed or refinanced; (e) no additional Lien is granted to secure it; (f) no additional Person is obligated on such Debt; and (g) upon giving effect to it, no Default or Event of Default exists.

  • LC Conditions has the meaning given to such term in Section 2.9.

  • Early Termination Conditions means the types of conditions listed in Schedule A.

  • Normal Operating Conditions means those Service conditions which are within the control of Grantee. Those conditions which are not within the control of Grantee include, but are not limited to, natural disasters, civil disturbances, power outages, telephone network outages, and severe or unusual weather conditions. Those conditions which are ordinarily within the control of Grantee include, but are not limited to, special promotions, pay-per-view events, rate increases, regular peak or seasonal demand periods, and maintenance or upgrade of the Cable System.

  • Payment Conditions means, at the time of determination with respect to any specified transaction or payment, that:

  • Offer Conditions has the meaning set forth in Section 1.01(b).