Borrower Assignment and Assumption definition
Examples of Borrower Assignment and Assumption in a sentence
Each such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Borrower Assignment and Assumption, without representation or warranty by the Assignor.
Concurrently with the release of funds from the Escrow Account on the Escrow Release Date, the Initial Borrower and the Borrower shall execute and deliver the Borrower Assignment and Assumption Agreement pursuant to which, among other things, the Initial Borrower shall assign and transfer to DBI all of its rights and obligations as the Borrower under the Loan Documents (such assignment, the “Assumption”).
This Borrower Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.
This Borrower Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.
The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Borrower Assignment and Assumption as if set forth herein in full.
This Borrower Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York.
Upon consummation of the Borrower Assignment and Assumption, the “Borrower” shall be TIBCO Borrower, and the Initial Borrower shall be released from its obligations as Borrower hereunder.
If any Loan is purchased in accordance with Sections 11.6(g)(ii) through (iv) above, BA shall purchase such Loans on the Discounted Purchase Effective Date pursuant to a Borrower Assignment and Assumption.
This Borrower Assignment and Assumption (this “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between the Assignor named below (the “Assignor”) and the Assignee named below (the “Assignee”).
Each Term Lender executing this Amendment shall become a party hereto by delivering to the Administrative Agent (i) a counterpart of this Amendment duly executed by such Term Lender or (ii) a Borrower Assignment and Assumption Agreement (a “Borrower Assignment Agreement”) duly executed by such Term Lender and GEO, and, by executing this Amendment or a Borrower Assignment Agreement, each such ▇▇▇▇ ▇▇▇▇▇▇ agrees to be bound by the provisions hereof as a Consenting Lender hereunder.