Debt Assumption definition

Debt Assumption has the meaning set forth in Section 2.01(c)(ii).

Debt Assumption means the assumption by BellRing Brands of this Agreement and the Loans hereunder pursuant to Section 11.06(a)(i) and the Borrower Assignment and Assumption, subject to the satisfaction of the conditions precedent set forth in Section 4.02 hereof.

Debt Assumption means GF’s assumption of the Target Debt that KEH owes as of the Effective Date as consideration for the acquisition of the New Shares. From the time this agreement is entered into, KEH shall not be liable for such Target Debt.

Examples of Debt Assumption in a sentence

• If in connection with the exercise of its purchase option hereunder, the Charterer elects to assume the debt secured by the Mortgage on the Vessel pursuant to the Debt Assumption Agreement, then the amount of such debt plus all accrued and unpaid interest so assumed shall be applied as a credit against the EBO Price.

• EGSL and the Assumption Party have entered into the Debt Assumption Agreement, dated as of December 31, 2007 (as amended or supplemented from time to time, the "Debt Assumption Agreement"), pursuant to which, among other things, the Assumption Party agreed to assume certain obligations of EGSL on the Outstanding Debt and agreed to execute and deliver to EGSL and the Trustee this Instrument of Assumption as evidence of the assumption of certain of such obligations.

• To the extent that any amounts of the notes receivable become uncollectible, FWLLC agrees to assume the obligation of the Company pursuant to the Note Transfer and Debt Assumption Agreement dated May 25, 2001.

• The purchase price paid for the Shares consisted of three components: the Securities Consideration, the Cash Consideration, and the Debt Assumption.

• Icon shall be automatically released from its obligations under the Guaranty upon the occurrence of the Icon Debt Assumption in accordance with Section 9.21.

More Definitions of Debt Assumption

Debt Assumption means (i) the Assumption and (ii) the assignment by Leiner Group to LHP of, and the assumption by LHP of, the rights and obligations of Leiner Group in respect of the Credit Facility (and any guarantee thereof by LHP).

Debt Assumption has the meaning set forth in Section 12(c).

Debt Assumption means the assumption of the Obligations hereunder by the Subsidiary Borrower pursuant to the Assumption and Release. “Debt Rating” means, as of any date of determination, the rating as determined by S&P and Moody’s (collectively, the “D ebt Ratings”) of ADI’s

Debt Assumption means the assumption by 8th Avenue of this Agreement and the Loans hereunder pursuant to Section 11.06(a)(i) and the Borrower Assignment and Assumption, subject to the satisfaction of the conditions precedent set forth in Section 4.02 hereof.

Debt Assumption means the assumption of the Obligations hereunder by the Subsidiary Borrower pursuant to the Assumption and Release.

Debt Assumption is defined in Section 2.2(d).

Debt Assumption means the Initial Assumption or any Subsequent Assumption.