Assumption of Certain Subleases Sample Clauses

Assumption of Certain Subleases. Upon Lessor's acceptance of a ------------------------------- Rejectable Offer made in respect of a Transponder pursuant to Section 10(c) or 10(d), Lessee shall assume any sublease or use agreement for the use of such Transponder entered into by Owner Participant or Lessor (provided it has been entered into in an arm's length transaction with a non-affiliated third party on terms and conditions customary in the transponder leasing industry) after the Preliminary Notice Expiration Date without such Preliminary Notice having been delivered with respect to such Transponder and prior to the Rejectable Offer having been made by Lessee (the "Acceptable Interim Contracts"). As a condition to Lessee's obligation to assume any such Acceptable Interim Contract, Lessor shall pay to Lessee any and all payments of any type it has received on account of such Acceptable Interim Contract net of any reasonable out-of-pocket expenses or costs incurred by Lessor or Owner Participant associated therewith. Notwithstanding the provisions of this Section 10(e), Lessor and Owner Participant shall not be entitled to any indemnity or reimbursement of any costs or expenses that are not directly attributable to obtaining any Acceptable Interim Contract or the provision of services on the related Transponder pursuant to the Acceptable Interim Contracts. Lessee shall indemnify and hold Owner Participant and Lessor harmless against all claims, costs or expenses reasonably incurred in connection with an Acceptable Interim Contract, not including any claims, costs or expenses incurred as a result of a wrongful act by Lessor or Owner Participant. Lessor and Owner Participant shall indemnify and hold harmless Lessee against all other claims, costs or expenses arising from any affirmative actions by Lessor or Owner Participant to market or otherwise utilize any such Transponder. Lessee shall, at the request of the Lessor or Owner Participant, furnish forms of transponder leases currently in use by Lessee or its Affiliates, and contracts containing all of the substantive provisions of such form and which are substantially identical in all other respects shall be deemed to comply with the requirements of the first sentence of this Section 10(e).
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Related to Assumption of Certain Subleases

  • Assumption of Certain Obligations Buyer shall assume only those liabilities related to the Business or Assets which are referred to in Section 2.2(a) or are otherwise expressly assumed in this Agreement (the "Assumed Liabilities").

  • Assumption of Certain Liabilities (a) Upon the terms and subject to the conditions of this Agreement, Purchaser shall assume, effective as of the Closing, and from and after the Closing Purchaser shall pay, perform, and discharge when due, all the liabilities, obligations, and commitments of Seller arising from or related to the Acquired Assets to the extent such liabilities, obligations, and commitments relate to the period from and after the Closing (the “Assumed Liabilities”).

  • Modification of Certain Agreements The Borrower will not, and will not permit any of its Subsidiaries to, consent to any amendment, supplement, waiver or other modification of, or enter into any forbearance from exercising any rights with respect to the terms or provisions contained in,

  • Termination of Certain Contracts Purchaser shall have received evidence reasonably acceptable to Purchaser that the Contracts set forth on Schedule 10.3(e)(ix) involving any of the Target Companies and/or Sellers or other Related Persons shall have been terminated with no further obligation or Liability of the Target Companies thereunder.

  • Termination of Certain Agreements On and as of the Closing, the Company shall take all actions necessary to cause the Contracts listed on Schedule 6.04 to be terminated without any further force and effect and without any cost or other liability or obligation to the Company or any of its Subsidiaries, and there shall be no further obligations of any of the relevant parties thereunder following the Closing.

  • Construction of Certain Phrases (a) For purposes of this Agreement, references to the “Company” shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, and employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement with respect to the resulting or surviving corporation as Indemnitee would have with respect to such constituent corporation if its separate existence had continued.

  • Modification of Certain Documents No Group Member shall do any of the following:

  • Construction of Certain Provisions If any provision of this Agreement or any of the Loan Documents refers to any action to be taken by any Person, or which such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or indirectly by such Person, whether or not expressly specified in such provision.

  • Termination of Certain Rights Any termination of this Lease pursuant to this Article 13 shall cause any right of the Lessee to extend the Term of this Lease, granted to the Lessee herein and any right of the Lessee to purchase the Leased Property contained in this Lease to be terminated and to be without further force or effect.

  • Assumption of Contracts The sale of the Assets is and will be made subject to the Contracts to which the Assets are presently subject. Buyer shall assume and be responsible for all obligations accruing under the Contracts after the Effective Time.

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