Assumption of Debt. 49 6.07. Directors' and Officers' Indemnification and Insurance............... 50 6.08. No Shelf Registration................................................ 52 6.09. Public Announcements................................................. 52 6.10. Dividends............................................................ 52 6.11. Headquarters......................................................... 52 6.12. Post-Merger BBI Board of Directors................................... 53 6.13.
Assumption of Debt. With respect to the IVAX Subordinated Notes issued by IVAX under an indenture qualified under the Trust Indenture Act of 1939 (the "IVAX Indenture"), if required by the IVAX Indenture, BBI shall execute and deliver to the trustee under the IVAX Indenture a supplemental indenture, in form satisfactory to the trustee, expressly assuming the obligations of IVAX with respect to the due and punctual payment of the principal of (and premium, if any) and interest on the IVAX Subordinated Notes and the due and punctual performance of all the terms, covenants and conditions of the IVAX Indentures to be kept or performed by IVAX, and shall deliver such supplemental indenture to the trustee under the IVAX Indenture. Holders of the IVAX Subordinated Notes who convert after the Effective Time shall be entitled to receive BBI Common Stock based on a ratio determined in accordance with Section 2.02(b).
Assumption of Debt. 1. Patch hereby absolutely and unconditionally assumes and accepts responsibility for the payment of the Debt and agrees to indemnify and hold harmless Xxxxxxxxx in respect thereof.
Assumption of Debt. CZFS agrees to execute and deliver, or cause to be executed and delivered, by or on behalf of the Surviving Corporation, at or prior to the Effective Time, one or more supplemental indentures, guarantees, and other instruments required for the due assumption of the HVBC’s outstanding debt, guarantees, securities, and other agreements to the extent required by the terms of such debt, guarantees, securities, and other agreements.
Assumption of Debt. The Purchaser shall have assumed the debt of the Company to Rosexxxx Xxxxx xx the amount of approximately $43,000 which shall be paid by Purchaser on or before April 7, 1997.
Assumption of Debt. At Closing, Buyer shall assume all of the debt and the liabilities of the Company listed on Schedule 2.02(b) (hereinafter, the “Assumed Company Debt”); and
Assumption of Debt. 19 2.7 Certificate of Incorporation; By-laws; Rights Plan.................................................... 19
Assumption of Debt. NBT agrees to execute and deliver, or cause to be executed and delivered, by or on behalf of the Surviving Corporation, at or prior to the Effective Time, one or more supplemental indentures, guarantees, and other instruments required for the due assumption of the Salisbury’s outstanding debt, guarantees, securities, and other agreements to the extent required by the terms of such debt, guarantees, securities, and other agreements.
Assumption of Debt. For membership purchase agreements, the buyer is often assuming the outstanding mortgage debt on the property. If buyer is assuming debt, the purchase price should reflect the debt being assumed. In addition, the contract must make the lender’s approval of the assumption a condition to closing. Which party will pay the transfer fees? The fees can be substantial.
Assumption of Debt. 57 7.22 Accredited CapStar LPs............................................ 57 7.23
