Transferred Obligations definition

Transferred Obligations means, after giving effect to the amendments referred to in Section 2.4, all of the Existing Beneficiary’s obligations, duties and liabilities under the GATS Trust Instrument arising during or required to be performed during any period after the Effective Time. Transferred Rights means, after giving effect to the amendments referred to in Section 2.4, all of the Existing Beneficiary’s rights, title and interest in, to and under the GATS Trust Instrument arising during or relating to any period after the Effective Time.

Transferred Obligations means: in the case of the Existing Trustee, all of the Existing Trustee’s obligations, duties and liabilities under the GATS Trust Instrument, but excluding the Retained Obligations of the Existing Trustee; and in the case of the Existing Trust Company, all of the Existing Trust Company’s obligations, duties and liabilities under the GATS Trust Instrument, but excluding the Retained Obligations of the Trust Company.

Transferred Obligations means all of the Existing Secured Party’s obligations, duties and liabilities under the GATS Security Instrument, but excluding the Retained Obligations.

Examples of Transferred Obligations in a sentence

• On the Effective Date, (1) Party A shall be released from all obligations and liabilities arising under the Transferred Obligations; (2) the Assignee shall assume all obligations and liabilities under the Transferred Obligations; and (3) the Transferred Obligations shall cease to be Transaction(s) under this Agreement and shall be deemed to be Transaction(s) under the master agreement between Assignee and Party B.

• On the Transfer Effective Date, (a) Party A shall be released from all obligations and liabilities arising under the Transferred Obligations; and (b) the Transferred Obligations shall cease to be Transaction(s) under this Agreement and shall be deemed to be Transaction(s) under a master agreement between Assignee and Party B under terms identical to this Agreement.

• Prior to the receipt of such consent, Assignor shall use all commercially reasonable efforts to give to Assignee all of the economic, operational and other benefits of such interest or right; provided, however, that Assignee shall pay or satisfy the corresponding Transferred Obligations (assuming, for purposes of this proviso, that the asset or property had been transferred) for the continued enjoyment of such benefit.

• DHX Parent and Purchaser confirm that as of the Closing, each shall be deemed to be a party to the Beagle Scouts Letter Agreement and shall perform the Transferred Obligations thereunder.

• Assignee has obtained all consents in connection with its assumption of the Transferred Obligations and for its acquisition of the Transferred Property that may be required by any agreement to which it is a party.

More Definitions of Transferred Obligations

Transferred Obligations shall have the meaning specified in Section 4.

Transferred Obligations means all present and future obligations expressed to be assumed by the Seller under the Loan Agreement and which are attributable to the Transferred Assets;

Transferred Obligations means (i) the obligations of the Companies arising during, or attributable to, any period of time on or after the Closing Date under the Station Contracts and the FCC Licenses, (ii) the obligations described in Section 5.7 as being the responsibility of Buyer, and (iii) all liabilities included in Working Capital. Pursuant to an assignment and assumption agreement in form and substance reasonably satisfactory to Buyer and Seller (the “Assignment and Assumption Agreement”), Seller will assume and be responsible for all liabilities and obligations of the Companies and their affiliates, whether known or unknown, absolute, accrued, contingent or otherwise, and whether due or to become due, as of the Effective Time other than the Transferred Obligations (the “Retained Obligations”).

Transferred Obligations means all and any obligations, costs, risks, liabilities, maintenance costs or assets which become the responsibility of CCC after the adoption of the public transport system is agreed between the parties, or at the end of the life of the GCP, whichever is sooner.

Transferred Obligations means all of the Existing Beneficiary’s obligations, duties and liabilities under the GATS Trust Instrument, excluding the Retained Obligations.

Transferred Obligations means all of the Transferor's obligations (but excluding the Retained Obligations) under or in respect of the Credit Documentation transferred under the Transfer Certificate including, without limitation, any commitment under the Credit Documentation to make or issue a Credit and any obligations under any outstanding Credit.

Transferred Obligations means, in relation to any Aircraft, all of the Customer’s obligations, duties and liabilities (other than the Retained Obligations) under (i) the applicable Purchase Agreement (in the case of the A320 Purchase Agreement, solely to the extent relating to the A320 Aircraft) existing prior to the date of this Agreement and (ii) the applicable Assigned Purchase Agreement existing from the date of this Agreement, in each case, to the extent that such obligations, duties and liabilities relate to such Aircraft.