Required Assumptions Clause Samples

The Required Assumptions clause defines the specific conditions or facts that both parties agree to treat as true for the purposes of the contract. In practice, this clause may list assumptions about market conditions, regulatory approvals, or the availability of certain resources that are necessary for the agreement to function as intended. By clearly stating these assumptions, the clause helps prevent disputes by ensuring both parties have a shared understanding of the foundational circumstances underlying their obligations.
Required Assumptions. Not all Amendments or Change Orders will have work involving both Subcontractors and the CM@Risk. In each case, only the appropriate categories of costs and percentages will be utilized.
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Required Assumptions. Not all Amendments or Change Orders will have work involving both Subcontractors and the Design-Builder. In each case, only the appropriate categories of costs and percentages will be utilized.
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Related to Required Assumptions

  • Acceptance and Assumption Assignee hereby accepts the foregoing assignment and further hereby assumes and agrees to perform, from and after January 1, 2002, all duties, obligations and responsibilities of the property manager arising under the Agreement.

  • Assignment and Assumption The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.