Deed of Assumption definition
Examples of Deed of Assumption in a sentence
If the Transferee is the parent company (the “Parent Company”) at the top of its corporate chain, then the Transferee shall also agree to be the Payor under this Agreement with respect to the applicable Concessions in the Deed of Assumption in the place and stead of the Payor with respect to the applicable Concessions (and the applicable Guarantor Company shall also be a transferor) and to be a party to the Mining Pledge and the Economic Rights Pledge.
It is understood and agreed that if there has been a Deed of Assumption with respect to a Subsidiary Disposition and / or an Asset Disposition for one but not both of the Guarantor Companies and / or Guarantor Local Branches, then this Agreement may be split into two agreements at the request of any party and the parties will act in a commercially reasonable manner in negotiating the split of any such agreement.
If the Transferee is the parent company (the “Parent Company”) at the top of its corporate chain, then the Transferee shall also agree to be the Payor under this Agreement with respect to the applicable Properties in the Deed of Assumption in the place and stead of the Payor with respect to the applicable Properties (and the Payor shall also be a transferor).
If the Transferee is the parent company (the “Parent Company”) at the top of its corporate chain, then the Transferee shall also agree to be the Payor under this Agreement with respect to the applicable Laguna Project Properties in the Deed of Assumption in the place and stead of the Payor with respect to the applicable Laguna Project Properties (and the Payor shall also be a transferor).