CONTRACT ASSUMPTIONS Clause Samples
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CONTRACT ASSUMPTIONS. AIC shall either (i) deliver the written consents to the assumption by RISCI of the Assumed Contracts, or (ii) if AIC or Addlestone will not be released from liability under the Assumed Contracts, the Parties shall execute assignment agreements reasonably satisfactory to the Parent, RISCI, AIC and Addlestone and containing, among others, the provisions set forth on Schedule 0
CONTRACT ASSUMPTIONS. Seller shall deliver the written consents to the assumption by RII Sub of the Material Assumed Contracts.
CONTRACT ASSUMPTIONS. 15.01. At Closing, FAS or Purchaser shall assume the lease for the business premises used by FAS in Atlanta, Georgia if FAS obtains the landlord's consent to such assumption, and Purchaser shall indemnify FAFG with respect to post-closing lease obligations under such lease, including any attorney's fees.
15.02. At Closing, FAS or Purchaser shall assume the lease for certain leased furniture used by FAS in its business and for two copiers used by FAS in its business if FAS obtains the lessors' consent to such assumptions, and Purchaser shall indemnify FAFG with respect to post-closing lease obligations under such leases, including any attorney's fees.
15.03. At Closing, FAS or Purchaser shall either assume the liability insurance which FAFG is providing with respect to the business premises of FAS or agree that FAFG may cancel such insurance as of the date of closing. If FAS or Purchaser assumes such insurance, Purchaser, at closing, shall pay to FAFG the portion of any premium paid by FAFG which is for insurance after the date of closing. Such payment shall be calculated on a pro rata basis. Further if FAS or Purchaser assumes such insurance, FAS and Purchaser shall indemnify FAFG for any liability arising from such insurance, including any attorney's fees.
CONTRACT ASSUMPTIONS. ARC shall deliver the written consents to the assumption by RIGI of the Assumed Contracts.
CONTRACT ASSUMPTIONS. Patriot shall, as of the Effective Date, assume, pursuant to Section 365 of the Bankruptcy Code, the contracts listed on Schedule 1 hereto (collectively, the “Contract Assumptions”), and (ii ) Arch shall not object to the Contract Assumptions.
CONTRACT ASSUMPTIONS. If the Centers are conveyed to the Buyer rather than the LLC, deliver to Seller instruments of assumption of all of Seller's obligations under the Contracts in the form of Exhibit Q.
CONTRACT ASSUMPTIONS