Contract Assumption definition

Contract Assumption means the assumption listed in Schedule 7 (Contract Assumption) as may be amended from time to time in accordance with Schedule 9 (Contract Assumption Deviation);
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Examples of Contract Assumption in a sentence

  • If, following a Contract Assumption Deviation having been notified in accordance with Paragraph 4 of Schedule 11 (Review Process, Notifications and Issue of Certificates), a further Contract Assumption Deviation is notified in accordance with Paragraph 4 of Schedule 11 (Review Process, Notifications and Issue of Certificates), this Schedule 9 (Contract Assumption Deviation) shall govern the revised assessment of the new Contract Assumption Deviation Waste Transfer Price.

  • If, sixty (60) Business Days before the Price Setting Review Start Date, (i) GDF Site Selection has not occurred and (ii) no Contract Assumption Deviation has been notified in accordance with Paragraph 4 of Schedule 11 (Review Process, Notifications and Issue of Certificates), the provisions of this Schedule 8 (GDF Site Selection Delay) shall apply.

  • It is acknowledged that over the long period covered by this Agreement it is conceivable that there might be a change to the Government's policy that geological disposal is the way in which higher activity waste will be managed in the long term, which will constitute a Contract Assumption Deviation under this Agreement.

  • As soon as practicable after receiving any Assigned Contract Assumption Notice, Seller shall take all actions reasonably necessary to assume and assign to Purchaser pursuant to Section 365 of the Bankruptcy Code all Non-Assumed Contracts set forth in such Assigned Contract Assumption Notice.

  • Subject to the approval of the Bankruptcy Court and pursuant to the Executory Contract Assumption and Assignment Order, the Assumed Contracts will be assumed by Sellers and assigned to Buyer or Buyer's designee on the Closing Date under section 365 of the Bankruptcy Code.

  • Subject to the approval of the Bankruptcy Court and pursuant to the Executory Contract Assumption and Assignment Order, the Assumed Contracts will be assumed by Sellers and assigned to Purchaser or Purchaser’s designee on the Closing Date under Section 365 of the Bankruptcy Code.

  • Subject to the approval of the Bankruptcy Court and pursuant to the Executory Contract Assumption and Assignment Order, the Assumed Contracts, including the Employee Agreements, will be assumed by Sellers and assigned to Buyer or Buyer's designee on the Closing Date under Section 365 of the Bankruptcy Code.

  • Any Non-Assumed Contract for which Purchaser has not provided an Assigned Contract Assumption Notice prior to the Closing Date shall be automatically deemed to be a Non-Assumed Contract, which Seller may reject or seek to reject without any further consent of Purchaser.

  • If Systat does not exercise the Inpixon Contract Assumption Right, Inpixon shall retain the rights to license, use and distribute the Products, Software Source, Systat Intellectual Property and User Documentation granted pursuant to this Agreement on a non-exclusive basis, as necessary, to provide support to the applicable Inpixon Customers, Inpixon Subdistributors, Systat Customers and/or Systat Subdistributors (the “Inpixon Contract Support Right”).

  • Upon delivery to Purchaser on the Closing Date of the General Assignment and ▇▇▇▇ of Sale and the Assumption Agreement, the Joint Contract Assumption Agreement and any Material Consents required for assignment of any of the Assigned Contracts, Purchaser shall assume the Assumed Liabilities.

Related to Contract Assumption

  • Prepayment Assumption As defined in the Prospectus Supplement.

  • Incremental Assumption Agreement means an Incremental Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and, if applicable, one or more Incremental Term Lenders and/or Incremental Revolving Facility Lenders.

  • Permitted Loan Purchase Assignment and Acceptance means an assignment and acceptance entered into by a Lender as an Assignor and Holdings, the Borrower or any of the Subsidiaries as an Assignee pursuant to Section 9.04(i) in the form of Exhibit F or such other form as shall be approved by the Administrative Agent and the Borrower (such approval not to be unreasonably withheld or delayed).

  • Assignment and Assumption Agreement means an Assignment and Assumption Agreement substantially in the form of Exhibit A.

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement among, and in form and substance reasonably satisfactory to, the Borrower, the Administrative Agent and one or more Incremental Term Lenders.