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);

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.

  • Listing a contract or lease on the Contract Assumption Schedule does not constitute an admission by the Debtor or Reorganized Debtor that the Debtor or Reorganized Debtor has any liability thereunder, or that such contract or lease is executory.

  • 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.

  • This meta-model can be easily adapted for the SysML language by defining the meta-classes Contract, Assumption and Guarantee as extensions of the stereotype block applied on the meta-class Class from UML4SysML package.

  • Unless compromised, settled, or otherwise resolved pursuant to a Final Order of the Bankruptcy Court or the authority granted to the Debtor or Reorganized Debtor under the Plan, the Cure Amount to be paid in connection with the assumption of an executory contract or unexpired lease that is identified on the Contract Assumption Schedule shall be the proposed Cure Amount listed on such schedule.

  • INDEPENDENT NON-EXECUTIVE DIRECTOR Mr. TAI Kwok Leung, Alexander ( 戴 國 良 ), aged 63, is an independent non-executive Director and joined the Group in May 2017.

  • The Revised Policy Waste Criteria shall be accompanied by a statement that they are consistent with: (i) the Contract Assumptions where the conditions set out in Clause 7.3 have been satisfied, or any replacement assumption notified in accordance with Paragraph 4 of Schedule 11 (Review Process, Notifications and Issue of Certificates) where a Contract Assumption Deviation has occurred; and (ii) Clause 5 (Equitable Treatment).

  • In the event an appeal is taken, or a stay pending appeal is requested, from the Sale Order, the Transferred Contract Assumption and Assignment Order or any other order, Sellers shall immediately notify Buyer of such appeal or stay request and shall provide to Buyer within one (1) Business Day a copy of the related notice of appeal or order of stay.

  • On March 14, 2023, the Court entered an order [Docket No. 127] granting the relief requested in the Contract Assumption Procedures Motion, including procedures for the Debtors to notify counterparties of proposed amounts to cure monetary defaults under the Debtors’ executory contracts and unexpired leases and for counterparties to respond to such notice.

  • Contract Assumption Deeds and consequently Deeds of Novation transferring these contracts was the most suitable commercial transactions for all creditors, all of whom received their legitimate entitlements from JMK.

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, as accepted by the Administrative Agent (if required by Section 9.04) 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 the Assignment and Assumption Agreement in substantially the form attached hereto as Exhibit A.

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

  • nment and Assumption means an assignment and assumption agreement entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of E xhibit A or any other form approved by the Administrative Agent.

  • Assignment and Assumption Agreements means each of the Assignment and Assumption Agreements to be executed between a Trustee and trustee of the relevant Successor Trust in accordance with the relevant Trust Agreement, as the same may be amended, modified or supplemented from time to time.

  • Assignment and Assumption means an assignment and assumption entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent.

  • Assignment and Acceptance Agreement means an assignment and acceptance agreement entered into by a Lender, an Eligible Assignee and the Administrative Agent, and, if required, the Borrower, pursuant to which such Eligible Assignee may become a party to this Agreement, in substantially the form of Exhibit C hereto.

  • Designated Borrower Request and Assumption Agreement has the meaning specified in Section 2.14.

  • Affiliated Lender Assignment and Assumption means an assignment and assumption entered into by a Lender and an Affiliated Lender (with the consent of any party whose consent is required by Section 9.05) and accepted by the Administrative Agent in the form of Exhibit A-2 or any other form approved by the Administrative Agent and the Borrower.

  • Valuation Assumptions means, as of an Early Termination Date, the assumptions that (1) in each Taxable Year ending on or after such Early Termination Date, the Corporate Taxpayer will have taxable income sufficient to fully utilize the deductions arising from the Basis Adjustments and Imputed Interest during such Taxable Year or future Taxable Years (including, for the avoidance of doubt, Basis Adjustments and Imputed Interest that would result from future Tax Benefit Payments that would be paid in accordance with the Valuation Assumptions) in which such deductions would become available, (2) the U.S. federal income tax rates and state and local income tax rates that will be in effect for each such Taxable Year will be those specified for each such Taxable Year by the Code and other law as in effect on the Early Termination Date, (3) any loss carryovers generated by deductions arising from Basis Adjustments, the NOLs or Imputed Interest that are available as of such Early Termination Date will be utilized by the Corporate Taxpayer on a pro rata basis from the Early Termination Date through the scheduled expiration date of such loss carryovers, (4) any non-amortizable assets will be disposed of on the fifteenth anniversary of the applicable Basis Adjustment; provided, that in the event of a Change of Control, such non-amortizable assets shall be deemed disposed of at the time of sale of the relevant asset (if earlier than such fifteenth anniversary), and (5) if, at the Early Termination Date, there are Common Units that have not been Exchanged, then each such Common Unit shall be deemed to be Exchanged for the Market Value of the number of shares of Class A Common Stock and the amount of cash that would be transferred if the Exchange occurred on the Early Termination Date.

  • Assignment and Acceptance means an assignment and acceptance entered into by a Lender and an Eligible Assignee, and accepted by the Administrative Agent, in substantially the form of Exhibit C hereto.

  • Assignment and Assumption of Lease has the meaning set forth in Section 3.02(a)(v).

  • Final completion and acceptance means the stage in the progress of the work as determined by the Contracting Officer and confirmed in writing to the Contractor, at which all work required under the contract has been completed in a satisfactory manner, subject to the discovery of defects after final completion, and except for items specifically excluded in the notice of final acceptance.

  • Transfer Supplement has the meaning set forth in Section 6.3(c) of this Agreement.

  • Commitment Transfer Supplement means a document in the form of Exhibit 15.3 hereto, properly completed and otherwise in form and substance satisfactory to Agent by which the Purchasing Lender purchases and assumes a portion of the obligation of Lenders to make Advances under this Agreement.

  • Assumption Agreement has the meaning specified in Section 2.18(d)(ii).

  • Commitment and Acceptance is defined in Section 2.18(b).

  • Contract Assets has the meaning assigned in Section 2.01 of the Transfer and Sale Agreement.

  • Conveyancing and Assumption Instruments means, collectively, the various agreements, instruments and other documents heretofore entered into and to be entered into to effect the transfer of Assets and the assumption of Liabilities in the manner contemplated by the Distribution Agreement, or otherwise arising out of or relating to the transactions contemplated in the Distribution Agreement.

  • Generation Interconnection Request means a request by a Generation Interconnection Customer pursuant to Tariff, Part IV, subpart A, to interconnect a generating unit with the Transmission System or to increase the capacity of a generating unit interconnected with the Transmission System in the PJM Region.

  • Acceptance Letter means the letter from Adviser to BD pursuant to which the Adviser appoints BD as a Broker Dealer for each series of MuniPreferred issued by any Fund that has executed a Request Letter.

  • Contract Amendment means a written document signed by the Procurement Officer that is issued for the purpose of making changes in the Contract.

  • Appraisal assignment means an engagement for which an