Examples of Instrument of Assumption in a sentence
At the Closing, the Buyer shall execute and deliver an Instrument of Assumption of Liabilities (the "Instrument of Assumption") in substantially the form attached hereto as Exhibit B, pursuant to which it shall assume and agree to perform, pay and discharge, and indemnify and hold the Company harmless from, the liabilities, obligations and commitments of the Company listed on Schedule 1.4(a) attached hereto (the "Assumed Liabilities").
SSI argues that: (1) SSI was contractually obligated by the License Agreement to use commercially reasonable efforts to commercialize SWIFT technology; (2) GE assumed SSI’s obligations of the License Agreement as part of the “Assumed Liabilities” under the APA;2 and (3) that assumed obligation inures to SSI’s benefit by the terms of the Instrument of Assumption.
This Instrument of Assumption is being executed pursuant to Section 5.6 of the Agreement.NOW, THEREFORE, BE IT KNOWN that, in consideration of the premises and of other good and valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Company DOES HEREBY ASSUME all of the obligations of IP under the Agreement.IN WITNESS WHEREOF, the Company has caused this Instrument to be executed as of the day and year first above written.AMEREN ILLINOIS COMPANYBy /s/ Martin J.
By: Name: Title: Signature Page to the Xxxx of Sale Exhibit C Form of Instrument of Assumption Exhibits EXHIBIT C ASSIGNMENT AND ASSUMPTION AGREEMENT, dated as of [ ], 2011 (this “Agreement”), by and Evergreen Solar, Inc.
In addition to WiMAX systems, WLAN systems (5.15–5.825 GHz) may also cause interference with UWB systems.