Common use of Lease Assumption Clause in Contracts

Lease Assumption. The Buyer shall have entered into an assumption of Seller’s current lease for the Branch, and the lessor shall have executed and delivered to the Buyer, evidence of acceptance of the assumption in substantially the form attached hereto as Exhibit H; or Seller and Buyer shall have entered into a sublease or another mutually acceptable alternative as provided in Section 5.2.5.

Appears in 1 contract

Sources: Agreement to Assume Liabilities and to Acquire Assets (United Pan Am Financial Corp)

Lease Assumption. The Buyer shall have entered into an assumption of Seller’s 's current lease for the Branch, and the lessor shall have executed and delivered to the Buyer, evidence of acceptance of the assumption in substantially the form attached hereto as Exhibit H; or Seller and Buyer shall have entered into a sublease or another mutually acceptable alternative as provided in Section 5.2.5.F.

Appears in 1 contract

Sources: Agreement to Assume Liabilities and to Acquire Assets (MNB Holdings Corp)