RECITALSDebt Assumption Agreement • January 8th, 1999 • Park Place Entertainment Corp • Hotels & motels • New York
DEBT ASSUMPTION AGREEMENTDebt Assumption Agreement • August 20th, 2007 • Penn Octane Corp • Wholesale-petroleum & petroleum products (no bulk stations)
THIS DEBT ASSUMPTION AGREEMENT (the “Agreement”) made as of the 26th day of July, 2007, by and between Rio Vista Energy Partners L.P., a Delaware limited partnership (“Parent”) and Regional Enterprises, Inc., a Virginia corporation (“Merger Sub”).
USD 15.000.000 LOAN AGREEMENT Between Umami Sustainable Seafood Inc. as Borrower and Atlantis Group hf. as LenderDebt Assumption Agreement • May 15th, 2012 • Umami Sustainable Seafood Inc. • Fishing, hunting and trapping
Clause Page 1 DEFINITIONS AND INTERPRETATION 2 2 THE FACILITY 4 3 Purpose 5 4 Conditions of Utilisation 5 5 Utilisation – (Draw down request) 6 6 Repayment 7 7 Prepayment 7 8 Interest 8 9 Interest Periods 9 10 TAXES 9 11 Increased costs 10 12 Other indemnities 10 13 Mitigation by the Lender 11 14 Costs and expenses 11 15 Guarantee and indemnity 11 16 Representations AND WARRANTIES 12 17 Information undertakings 13 18 NEGATIVE undertakings 15 19 Events of Default 18 20 ASSIGNMENTS AND SUBSTITUTION 20 21 Changes to the Borrower 20 22 Conduct of business by the Lender 21 23 Payment mechanics 21 24 Set-off 22 25 Notices 22 26 Calculations and certificates 23 27 Partial invalidity 23 28 Remedies and waivers 23 29 Counterparts 23 30 Governing law 24 31 Enforcement 24 SCHEDULE 1 26 SCHEDULE 2 30 SCHEDULE 3 31
EX-10.2 3 ex10-2.htm DEBT ASSUMPTION AGREEMENTDebt Assumption Agreement • May 5th, 2020 • Nevada
THIS DEBT ASSUMPTION AGREEMENT (hereinafter referred to as the “Agreement”) is made as of September 30, 2015, by and between Aureus Incorporated, a Nevada corporation (hereinafter referred to as the “Delegator” or the “Company”), Maverick, LLC, a Nevis limited liability company (hereinafter referred to as the “Delegatee”), and Dong Gu Kang and Min Jung Kang (hereinafter referred to as the “Obligee,” and together with the Delegator and Delegatee, the “Parties” and each a “Party”). Terms not otherwise defined herein shall have the meanings ascribed to them in that certain Stock Purchase Agreement, dated September 30, 2015 (the “Stock Purchase Agreement”), by and among the Parties.
DEBT ASSUMPTION AGREEMENTDebt Assumption Agreement • October 20th, 2016 • Sirrus Corp. • Tobacco products • Nevada
THIS DEBT ASSUMPTION AGREEMENT (hereinafter referred to as the “Agreement”) is made as of October 14, 2016,by and between Sirrus Corp., a Nevada corporation (hereinafter referred to as the “Delegator” or the “Company”), Linux Labs Technologies Inc., a Georgia corporation (hereinafter referred to as the “Delegatee”), and Ahmed Guled (hereinafter referred to as the “Obligee,” and together with the Delegator and Delegatee, the “Parties” and each a “Party”). Terms not otherwise defined herein shall have the meanings ascribed to them in that certain Stock Purchase Agreement, dated October 14, 2016 (the “Stock Purchase Agreement”, by and among the Parties.
DEBT ASSUMPTION AGREEMENTDebt Assumption Agreement • January 7th, 2008 • Entergy Gulf States Louisiana, LLC • Electric services • New York
THIS DEBT ASSUMPTION AGREEMENT, dated effective as of December 31, 2007, 1:02 p.m. Central Standard Time is between Entergy Texas, Inc., a Texas corporation (hereinafter either called the "Assumption Party" or "ETI") and Entergy Gulf States Louisiana, Inc., a Texas corporation formerly known as Entergy Gulf States, Inc. (hereinafter called "EGSI" or "EGSL").
Debt Assumption Agreement TemplateDebt Assumption Agreement • February 3rd, 2021
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DEBT ASSUMPTION AGREEMENTDebt Assumption Agreement • November 16th, 2017 • Blue Dolphin Energy Co • Crude petroleum & natural gas • Texas
This DEBT ASSUMPTION AGREEMENT (this “Agreement”), dated effective as of September 18, 2017 (the “Effective Date”), is by and among Lazarus Energy Holdings, LLC, a Delaware limited liability company (“LEH”), Lazarus Energy, LLC, a Delaware limited liability company (“LE”), and John H. Kissick, whose address is c/o Ares Management, LLC, 2000 Avenue of the Stars, 12th Floor, Los Angeles, California 90067 (“Kissick”).
DEBT ASSUMPTION AGREEMENTDebt Assumption Agreement • December 31st, 2020 • RLX Technology Inc. • Cigarettes • Hong Kong
DEBT ASSUMPTION AGREEMENTDebt Assumption Agreement • February 24th, 2010 • AccountAbilities, Inc. • Services-help supply services • New York
This DEBT ASSUMPTION AGREEMENT (this “Agreement”) is made and entered into as of February 22, 2010, by and between Accountabilities, Inc., a Delaware corporation (the “Company”) and Tri-State Employment Services, Inc., a Nevada corporation (“Tri-State”).
What is a debt assumption agreementDebt Assumption Agreement • July 16th, 2023
Updated March 7, 2022In real estate transactions, an assumption agreement allows a third party to “assume” or take over the loan of the property’s seller.Mortgages may be assumed when the house is sold, a divorcing spouse is awarded the property in a settlement or when someone inherits property.Related LinksBridge loanEquityDeedSuch agreements are more common when interest rates are high because they offer the buyer the lower monthly payments the seller locked in when purchasing the property.Not all mortgages offer an assumption option—indeed, they generally have a “due-on-sale” clause that says that when the property is transferred to another buyer the loan becomes due and payable to the mortgage holder in full.But conventional and government-backed loans, including those issued by the Federal Housing Administration, the Department of Veterans Affairs and the U.S. Department of Agriculture, allow such transfers. (In the case of the Veterans Affairs, assumption agreements are only allo
ContractDebt Assumption Agreement • June 8th, 2017 • Global Equity International Inc • Services-management consulting services • England and Wales
This STOCK PURCHASE AGREEMENT (“Agreement”) has been entered into and executed as of the close of business on June 5, 2017, by and between Global Equity International, Inc., a corporation organized and existing under the laws of the State of Nevada in the United States of America (“Shareholder”) and Mr. Panithan Namsak, a citizen of the Kingdom of Thailand (National Id. Number: * **** ***** ** *) (“Purchaser”).
Exhibit K DEBT ASSUMPTION AGREEMENT THIS DEBT ASSUMPTION AGREEMENT (this "Agreement") is made and entered into as of the ___ day of _____, 2005, by and between THE CINCINNATI GAS & ELECTRIC COMPANY, a corporation organized and existing under the laws...Debt Assumption Agreement • August 23rd, 2005 • Cinergy Corp • Electric & other services combined • Ohio
FORM OF DEBT ASSUMPTION AGREEMENTDebt Assumption Agreement • March 2nd, 2001 • Entergy Corp /De/ • Electric services • New York
