Assignment and Assumption Agreement definition
Examples of Assignment and Assumption Agreement in a sentence
The registration of an assignment of all or part of any Secured Loan shall be recorded on the Loan Register only upon the acceptance by the Loan Agent of a properly executed and delivered Assignment and Assumption Agreement pursuant to Section 8.4(c).
Subject to the requirements set forth in Section 8.15, the Loan Agent and the Collateral Trustee may deem and treat the assignee of a properly executed and delivered Assignment and Assumption Agreement pursuant to Section 8.4(c) as a Lender under this Agreement for all purposes hereof unless and until the Loan Agent receives and accepts a subsequent Assignment and Assumption Agreement properly executed and delivered pursuant to Section 8.4(c).
Unless otherwise defined or the context otherwise requires, terms for which meanings are provided in this Agreement shall have such meanings when used in each Assignment and Assumption Agreement, notice and other communication delivered from time to time in connection with this Agreement or any other Credit Document.
Any Converting Lender shall deliver to the Collateral Trustee, the Loan Agent, the Collateral Manager and the Issuer at least five Business Days prior to the Conversion Date, (x) an executed Assignment and Assumption Agreement (as defined in the applicable Class A-1a Credit Agreement), (y) a completed notice substantially in the form set forth as an exhibit to the applicable Class A Credit Agreement, and (z) the assignment fee required under the applicable Class A Credit Agreement.
Upon the terms and subject to the conditions of this Agreement, ▇▇▇▇▇ agrees, effective as of the Effective Time, to assume, pay and discharge when due, and otherwise become responsible for, any Liabilities relating to the Conveyed Assets pursuant to the Assignment and Assumption Agreement or which accrue after the Effective Time and which do not arise out of any action taken by any Seller prior to Closing (the “Assumed Liabilities”).