ASSUMPTION OF CONTRACT Sample Clauses

ASSUMPTION OF CONTRACT. As of the Effective Date, Assignee hereby undertakes, accepts, and assumes the assignment of the Contract and assumes all duties and obligations of the Assignor under the Contract and covenants to perform and discharge the same as the Assignee of the Assignor.
Sample 1Sample 2Sample 3See All (11)
AutoNDA by SimpleDocs
ASSUMPTION OF CONTRACT. Residents who wish to cancel their contract and remain enrolled may avoid the 80% penalty by finding a non-contracted, eligible student to assume their contracts. The following conditions apply.
Sample 1Sample 2
ASSUMPTION OF CONTRACT. 1.1 Effective March 15th, 2008 (the "Closing Date") and upon the terms and subject to the conditions of this Agreement, UMS shall assume the contract CCM has with U.S. Silver.
Sample 1
ASSUMPTION OF CONTRACT. The Consultant acknowledges that the Company is, and has been, in active negotiations with its senior secured lenders over a restructuring of the indebtedness owed to such lenders. The Consultant further acknowledges that while as of the date hereof no agreement has been reached between the Company and its senior secured lenders with respect to such a restructuring, it is possible that a restructuring could be implemented by the Company's filing of a reorganization proceeding under the applicable bankruptcy laws. The Company covenants and agrees that if it files for any reorganization proceeding under the applicable bankruptcy laws, then it will seek to assume and honor all of its obligations under this Agreement by filing an appropriate motion with the Bankruptcy Court on the first day of any such bankruptcy filing or as soon as practicable thereafter, subject to the Company's rights to terminate this Agreement as expressly provided herein.
Sample 1
ASSUMPTION OF CONTRACT. Furthermore, CSFBi, the Vendor and the Company hereby agree upon a transfer of the Sale Option Rights from the Vendor to CSFBi, by way of an assumption of contract (Vertragsübernahme) upon which CSFBi hereby assumes the Vendor’s contractual position under the Option Conditions to the full extent and hereby becomes a party to the Option Conditions in lieu of the Vendor.
Sample 1

Related to ASSUMPTION OF CONTRACT

  • Assignment of Contract A. Unless expressly agreed to elsewhere in the Contract, no assignment by a party hereto of any rights under or interests in the Contract will be binding on another party hereto without the written consent of the party sought to be bound; and, specifically but without limitation, money that may become due and money that is due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment, no assignment will release or discharge the assignor from any duty or responsibility under the Contract Documents.

  • DURATION OF CONTRACT 3.1 The Post is a permanent full time Post.

Time is Money Join Law Insider Premium to draft better contracts faster.