Assumption of the federally assisted mortgage(s). In connection with a resi- dent homeownership plan, the resident council may assume a mortgage in- sured, held or assisted by the Commis- sioner under part 236 of this chapter or under part 221 of this chapter and bear- ing a below market interest rate as provided under § 221.518(b) of this chap- ter or may choose to pay off the xxxx- xxxx. If the resident council decides to assume the mortgage, the project must be sold pursuant to § 248.175 and the project must be operated as a limited equity cooperative. sfrattini on LAPCK6H6L3 with DISTILLER [57 FR 12041, Apr. 8, 1992, as amended at 58 FR 37816, July 13, 1993; 64 FR 26639, May 14, 1999; 80 FR 75936, Dec. 7, 2015] § 248.175 Resident homeownership program—limited equity coopera- tive.
Assumption of the. 8% Notes Indenture. The Company hereby expressly assumes all obligations of Dex Media under the 8% Notes and the 8% Notes Indenture.
Assumption of the. Indebtedness Subject to the terms and conditions hereunder the Assignee agrees to assume the Indebtedness (also hereinafter referred to as the "Loan") owing from the Assignor (the underlying debtor being PPM) to the Lender in the Principal Sum amount of CDN$360,503 having an Interest rate of 10% per annum with a Maturity Date as set out in Section 2.5 by making the Interest and Principal Sum payments as set forth herein. Notwithstanding the foregoing, the Principal Sum amount of the Loan outstanding at any time together with all Interest, fees and other amounts payable hereunder in connection therewith shall become due and payable upon the occurrence of an Event of Default and upon demand being made therefor by the Lender in accordance with the terms and conditions hereof. 2.3
