Assumption of Liabilities Agreement definition

Assumption of Liabilities Agreement has the meaning set forth in Section 1.5(c).

Assumption of Liabilities Agreement means the assumption of liabilities agreement between Perpetual and PET whereby PET assigns and sets over to Perpetual all of the liabilities and obligations of PET, actual and contingent, and Perpetual assumes and becomes liable to pay, satisfy, discharge, observe, perform and fulfill all of the liabilities and obligations of PET, actual and contingent;

Assumption of Liabilities Agreement shall have the meaning provided for under Section 3.3(i).

Examples of Assumption of Liabilities Agreement in a sentence

• Venturi will not assume any of the debts, liabilities or obligations of Seller except as specifically set forth in an Assumption of Liabilities Agreement that may be executed at the time of Closing, and Seller shall indemnify Venturi and hold Venturi harmless with respect to any such unassumed liabilities.

• This Assignment and Assumption of Liabilities Agreement shall be binding upon and shall inure to the benefit of First Bank, FNB and each of their respective successors and assigns, and shall be subject to the terms and conditions of the Agreement.

• On 25th January, 2017, pursuant to a Purchase of Assets and Assumption of Liabilities Agreement, the 2nd applicant acquired some of the assets and liabilities of M/s Crane Bank Limited including the25 M/s Spencon Development Company Ltd’s loan and attendant security.

• Any term or provision of this Assumption of Liabilities Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Assumption of Liabilities Agreement or affecting the validity or enforceability of any of the terms or provisions of this Assumption of Liabilities Agreement in any other jurisdiction.

• On the Closing Date, the Parties shall execute and deliver (i) a General Assumption of Liabilities Agreement in the form attached hereto as Exhibit 2(e)(iii), evidencing Purchaser’s assumption of the Assumed Liabilities, and (ii) an Assignment and Assumption of Contracts Agreement, if necessary, in the form attached as Exhibit 2(e)(iv), evidencing Purchaser’s assumption of all of the Assumed Contracts, if any.

More Definitions of Assumption of Liabilities Agreement

Assumption of Liabilities Agreement as defined in Section 6.12.

Assumption of Liabilities Agreement means an Assumption of Liabilities Agreement between Fremont and Employers Insurance substantially in the form of Exhibit B hereto.

Assumption of Liabilities Agreement means a general conveyance and assumption of liabilities agreement to be made, in a form satisfactory to the Purchaser and the Vendor consistent with the terms of this Agreement, during the Interim Period between the Vendor and PEC.

Assumption of Liabilities Agreement shall have the meaning set forth in Section 2.5.

Assumption of Liabilities Agreement means a duly executed Assumption of Liabilities Agreement with respect to the Assumed Liabilities, substantially in the form attached hereto as Exhibit E.

Assumption of Liabilities Agreement means the Assignment of Liabilities Agreement, of even date herewith, in the form attached hereto as Exhibit B.

Assumption of Liabilities Agreement means the agreement to be entered into between the Vendor and the Purchaser providing for the assumption by the Purchaser of the Assumed Liabilities, substantially in the form attached hereto as Schedule B;