Assumption Conditions definition

Assumption Conditions has the meaning specified in Section 11.25.
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Assumption Conditions is defined in Section 4.8(d).
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Assumption Conditions means the consummation of the actions contemplated by Sections 3.08(3)?
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Examples of Assumption Conditions in a sentence

  • The Buyer shall use its best efforts to cause each of the Lease Assumption Conditions to occur and shall be deemed to have not taken possession of the Premises until each of the Lease Assumption Conditions have been satisfied.

  • Upon entry of this Sale Order and the completion of each of the Lease Assumption Conditions, the Lease shall be deemed assigned to the Buyer without further act by any party and the Lease shall be deemed amended to refer to the Buyer as tenant thereunder.

  • 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).

  • 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.

  • As set forth in this Agreement, and subject to Purchaser's Required Assumption Conditions, as specified in Exhibit F, Purchaser (or one or more Purchaser's Affiliates) shall assume the Existing Secured Indebtedness at Closing that is not to be paid at Closing in accordance with Section 2.03 hereof.

  • The parties hereto further agree that, effective upon the satisfaction of the Assumption Conditions, the Limited Payment Guarantee shall be terminated and of no further force or effect, and the Security Agreement will be amended as set forth in Exhibit M hereto, in each case without any further action on behalf of the parties hereto or thereto.

  • Following satisfaction of the Assumption Conditions, this Article 10 and the provisions of each other Parity Lien Security Document are subject to the terms, conditions and benefits set forth in the Collateral Trust Agreement.

  • Investor Member agrees to keep Sponsor Member reasonably informed with respect to Investor Member’s efforts to satisfy such Lender Assumption Conditions.

  • Following satisfaction of the Assumption Conditions, Xxxxxxx and each Guarantor consent to, and agree to be bound by, the terms of the Collateral Trust 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.

  • Following satisfaction of the Assumption Conditions, the Notes will be the secured obligations of Xxxxxxx Networks Incorporated (“Xxxxxxx”) and will be secured pursuant to the Parity Lien Security Documents referred to in the Indenture.


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 has the meaning set forth in Article 11.
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Assumption Conditions has the meaning set forth in Section 6.9(b).
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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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Related to Assumption Conditions

  • Extension Conditions Defined in Section 3.06(a).

  • Termination Conditions means, collectively, (a) the payment in full in cash of the Obligations (other than (i) contingent indemnification obligations not then due and (ii) Obligations under Secured Hedge Agreements and Secured Cash Management Agreements) and (b) the termination of the Commitments and the termination or expiration of all Letters of Credit under this Agreement (unless the Outstanding Amount of the L/C Obligations related thereto has been Cash Collateralized on terms reasonably acceptable to the applicable Issuing Bank, backstopped by a letter of credit reasonably satisfactory to the applicable Issuing Bank or deemed reissued under another agreement reasonably acceptable to the applicable Issuing Bank).

  • Litigation Conditions has the meaning set forth in Section 11.3.

  • Step Down Conditions As of any Distribution Date on which any decrease in any Senior Prepayment Percentage may apply, (i) the outstanding Principal Balance of all Mortgage Loans 60 days or more Delinquent (including Mortgage Loans in REO and foreclosure), averaged over the preceding six month period, as a percentage of the aggregate of the Class Certificate Principal Balances of the Classes of Subordinate Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to all of the Mortgage Loans do not exceed: · for any Distribution Date on or after the seventh anniversary until the eighth anniversary of the first Distribution Date, 30% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the eighth anniversary until the ninth anniversary of the first Distribution Date, 35% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the ninth anniversary until the tenth anniversary of the first Distribution Date, 40% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, · for any Distribution Date on or after the tenth anniversary until the eleventh anniversary of the first Distribution Date, 45% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date, and · for any Distribution Date on or after the eleventh anniversary of the first Distribution Date, 50% of the aggregate Certificate Principal Balance of the Subordinate Certificates as of the Closing Date.

  • 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 the sum of 150% of the outstanding Secured Obligations plus the Qualified Cash A/P Amount.

  • Acceptance Condition means the acceptance condition to any Offer;

  • 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;

  • Distribution Conditions means, with respect to any Restricted Payment or Restricted Junior Debt Prepayment, the following:

  • 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 means, collectively, the conditions set forth in Section 4.3.

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

  • Mortgage Conditions means the mortgage conditions booklet reference MORT 0154 MAY 13 HF;

  • Review Conditions means (i) the Delinquency Percentage for any Payment Date exceeds the Delinquency Trigger for that Payment Date and (ii) the Noteholders or Note Owners, as applicable, have voted, pursuant to Section 2.03(d) of the Receivables Purchase Agreement, to direct an Asset Representations Review of the Subject Receivables.

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibilityconditions listed in Clause [5] of the Tender Document.

  • Conditional Acceptance means a conditional acceptance by the Liquidity Provider of an extension of the Scheduled Termination Date.

  • 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.

  • Conditional Incremental Auction means an Incremental Auction conducted for a Delivery Year if and when necessary to secure commitments of additional capacity to address reliability criteria violations arising from the delay in a Backbone Transmission upgrade that was modeled in the Base Residual Auction for such Delivery Year.

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Payment Conditions means, at the time of determination with respect to a proposed payment to fund a Specified Transaction, that:

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