Assumed Amount definition
Examples of Assumed Amount in a sentence
As used in this Guaranty, terms not defined herein which are defined in the Credit Agreement shall have the meanings therein ascribed to them, and the following terms shall have these respective meanings: Assumed Amount means $_____________.
Each Assignee hereby makes such representations and warranties that are provided for in Section 1.2 of the Standard Terms and Conditions to the form Assignment & Acceptance set forth in Exhibit E of the Credit Agreement with respect to its Assumed Amount (as though it were the “Assigned Interest” thereunder).
Each of the Lenders hereby represents and warrants that he has not previously assigned or transferred, or purported to have assigned or transferred, to any party whatsoever, any rights to the Assumed Amount or the Assigned Shares or any rights thereto.
The proceeds of the Loan shall be used solely for the refinancing of $6,697,847.18 of the Assumed Amount.
On or before August 28, 1998, Buyer will pay Seller an amount equal to the difference between Seven Hundred Thirty-Five Thousand Dollars ($735,000) and the Assumed Amount.
In consideration of the assignment of the Lenders' rights under the Loan Agreement including the rights to the Assumed Amount and the Assigned Shares, the New Lenders shall pay the Lenders, severally and not jointly, an aggregate amount of Four Million One Hundred Thousand Dollars (US$ 4,100,000) (the "Purchase Price", as adjusted pursuant to Section 3.3 below) which shall be paid in one installment to the Lenders at the Closing Date in accordance with Section 2.2.3.
On or before August 20, 1998, Seller will inform Buyer in writing of the amount of the operating liabilities to be assumed by Buyer as part of the operating liabilities listed on the Schedule of Net Assets attached hereto as part of Schedule 4.2(i) (the "Assumed Amount").
Each of the Lenders hereby warrants that at the Closing, the Assumed Amount and the Assigned Shares shall be free and clear of any such Liens.