Examples of Debt Assumption Agreement 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 first is that the amount of long-term debt of EGSI to be assumed by ETI pursuant to the Debt Assumption Agreement (DAA) between EGSI and ETI for the benefit of EGSL will include an amount equal to ETI's allocated share of the EGSI preference stock to compensate EGSL for the fact that ETI cannot assume any of EGSI's preference stock.
With respect to Foley village, it was pointed that, the 2002 Delimitation Commission had decided to excise it from the Mmadinare Constituency and incorporate it into the constituency.