Deed of Assignment and Assumption definition

Deed of Assignment and Assumption means a deed in substantially the same form as the template deed in Schedule 9;
Sample 1Sample 2
Deed of Assignment and Assumption means each deed of assignment and assumption, deed of covenant or deed of novation required by the terms of each Third Party Agreement, and otherwise in the form reasonably required by the Seller and the Buyer, to effect the transfer to the Buyer of the rights, interests, liabilities and obligations of the Seller, to the extent of the Sale Interest on a several and not joint and several basis.
Sample 1
Deed of Assignment and Assumption means the deed of assignment and assumption described in Clause 5.4 and in the form set out in Schedule 3, in accordance with Article 13 of the Joint Venture Operating Agreement or a deed substantially in that form; “Defaulting Party” has the meaning given to that term in clause 8.4. “Disclosure Materials” means:
Sample 1

Examples of Deed of Assignment and Assumption in a sentence

  • In the event that it is necessary to amend the form of the Deed of Assignment and Assumption Agreement to comply with Laws or AXX requests, the Parties shall act reasonably and in good faith to make such amendments.

  • Notwithstanding any principle of law to the contrary, no covenant, representation, warranty, or indemnity contained herein shall be merged by reason of the effecting of the assignment of the Assigned Interest, whether by execution of the Deed of Assignment and Assumption Agreement, the Contract Amendment or otherwise.

  • As soon as practicable following the Closing Date the Parties shall execute the AXX Assignment Request, the Deed of Assignment and Assumption Agreement.

  • Permit Petroleum Exploration Permit (PEP) 38256 Action In terms of section 41 of the Crown Minerals Act 1991, and in accordance with a delegation from the Minister of Energy of 20 January 1998, the Manager Crown Minerals consented to a Deed of Assignment and Assumption whereby Indo-Pacific Energy (NZ) Limited and Trans-Orient Petroleum Company (NZ) Limited assigned an interest in the permit to Trans New Zealand Oil Company (NZ) Limited.

  • The parties acknowledge and agree that any Deed of Assignment and Assumption in relation to the contract for the construction, installation and operation of the Tantalum Assets will bind the Buyer only in respect of matters relating to the operation and maintenance (but not the construction and installation) of the Tantalum Assets.

  • As soon as practicable after the date of this Agreement, Seller shall apply for Approval by means of the submission of the Deed of Assignment and Assumption to the Minister, executed by both Seller and the Buyer, and the parties will use all reasonable endeavours to satisfy all requirements of the Petroleum Legislation necessary to obtain such consent.

  • Permit Petroleum Exploration Permit (PEP) 38332 Action In terms of section 41 of the Crown Minerals Act 1991, and in accordance with a delegation from the Minister of Energy of 4 November 1997, the Secretary of Commerce approved a Deed of Assignment and Assumption whereby Boral Energy Resources Limited assigned its interest in the permit to Boral Energy Resources NZ Limited.

  • IF DEFAULT IS REMEDIED BY EFFECTIVE DATE INCLUDE AS A PARTY, OTHERWISE DELETE.] The Department of Energy on behalf of the Government of the Republic of the Philippines hereby approves this Deed of Assignment and Assumption this day of , 199[ ].

  • As soon as practicable following the Closing Date the Parties shall execute the AXX Assignment Request and the Deed of Assignment and Assumption Agreement ..

Related to Deed of Assignment and Assumption

  • Assignment and Assumption Agreement means an Assignment and Assumption Agreement substantially in the form of Exhibit G attached hereto.

  • Assignment and Assumption means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit E or any other form approved by the Administrative Agent.

  • Affiliated Lender Assignment and Assumption means an assignment and assumption entered into by a Lender and an Affiliated Lender (with the consent of any party whose consent is required by Section 9.05) and accepted by the Administrative Agent in the form of Exhibit A-2 or any other form approved by the Administrative Agent and the Borrower.

  • Assignment Agreement means an Assignment and Assumption Agreement substantially in the form of Exhibit E, with such amendments or modifications as may be approved by Administrative Agent.