Release and Assumption Sample Clauses

Release and Assumption. The Release and Assumption provided for in Section 9(e);
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Release and Assumption. Simultaneously with the execution by New Gaylxxx xx the Assumption Agreement upon the date immediately prior to the effective date of the Westinghouse Merger, (a) Borrower, automatically and without any action by Administrative Lender, any Lender or any other Person, shall be released and discharged from all obligations and liabilities arising under this Agreement and any other Loan Documents, (b) New Gaylxxx xxxll assume all obligations and liabilities of Borrower under this Agreement and the other Loan Documents, as more particularly described in the Assumption Agreement, and (c) all references to Borrower in this Agreement and the other Loan Documents shall mean and refer to New Gaylxxx.
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Release and Assumption a. The Owner agrees to assume, and does hereby assume, the obligations of the Prior Owner under the Assumed Documents from and after the date of this Agreement and does hereby agree to be bound by each and every Assumed Document.
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Release and Assumption. Subject to the terms and conditions hereof, O&R will release its capacity rights and obligations (as set forth in the service agreements of certain releasing interstate pipelines) and the Qualified Seller and/or its Agent will assume those rights and obligations, effective November 1, 2010, for service under the releasing pipelines’ respective Rate Schedules (all such capacity is hereafter referred to as the "Released Capacity" and all such pipelines as “the Pipelines”), based on Qualified Seller’s projected firm customer pool as of November 1, 2010. On or about October 1, 2010, O&R will send an electronic mail notification (“Email Notification”) to the Qualified Seller and/or its Agent advising it of the specific Pipelines and quantities per day of delivery capacity that it is releasing to Qualified Seller for the annual period commencing on November 1, 2010. Unless Qualified Seller and/or its Agent, within two (2) business days of its receipt of the Email Notification, notifies O&R via return Email that Qualified Seller rejects or seeks to revise the Email Notification, the Email Notification shall be binding upon the Parties. Any requested revisions to the Email Notification must be accepted by O&R by sending a revised Email Notification to Qualified Seller before they will be binding upon the Parties. The quantity of Released Capacity may increase or decrease from month to month during the period from November 1, 2010 through October 31, 2011 to the extent necessary to reflect changes in Qualified Seller’s firm customer pool after November 1, 2010. Changes in the amount of Released Capacity will be (i) reflected on the applicable Pipeline(s) electronic bulletin board(s) and (ii) sent by O&R via Email Notification to the Qualified Seller and shall be subject to all of the terms and conditions set forth in this Agreement.
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Related to Release and Assumption

  • Assignment and Assumption The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

  • TO ASSIGNMENT AND ASSUMPTION STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT AND ASSUMPTION

  • Assignment and Assumption Consent Effective as of the First Amendment Effective Date, for agreed consideration, XXX hereby irrevocably sells and assigns to MBL, and MBL hereby irrevocably purchases and assumes all rights and obligations in its capacity as Lender under the LC Reimbursement Agreement and other Credit Documents, including, without limitation, all of MBL’s rights and obligations with respect to the Collateral and Intercreditor Agreement and the Security Documents (as defined in the Collateral and Intercreditor Agreement, and such Security Documents together with the Collateral and Intercreditor Agreement are referred to herein as the “Security Documents”) (the “Lender Assignment”). Effective as of the First Amendment Effective Date and in accordance with Section 7.9 of the LC Reimbursement Agreement, the Account Party hereby consents to the Lender Assignment. SECTION 2.

  • Acceptance and Assumption Assignee hereby accepts the foregoing assignment and further hereby assumes and agrees to perform, from and after January 1, 2002, all duties, obligations and responsibilities of the property manager arising under the Agreement.

  • Assignment and Assumption Agreement The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption Agreement, together with a processing and recordation fee of $3,500, and the assignee, if it is not a Lender, shall deliver to the Administrative Agent an administrative questionnaire provided by the Administrative Agent.

  • Payoffs and Assumptions The Seller shall provide to the Purchaser, or its designee, copies of all assumption and payoff statements generated by the Seller on the related Mortgage Loans from the related Cut-off Date to the related Transfer Date.

  • Assignment and Assumption Agreements Purchaser shall have executed and tendered to Seller the Assignment and Assumption Agreements.

  • Transfer and Assumption (a) Subject to obtaining Lender's prior written consent, which may be withheld in Lender's reasonable and absolute discretion, and subject to the terms and satisfaction of all of the conditions precedent set forth in this Section 5.26.3, Borrowers shall have a one-time right to Transfer the Property to one or more parties (the "TRANSFEREE BORROWER") and have the Transferee Borrower assume all of Borrowers' obligations under the Loan Documents, and have replacement guarantors and indemnitors assume all of the obligations of the indemnitors and guarantors of the Loan Documents (collectively, a "TRANSFER AND ASSUMPTION"). Borrowers may make a written application to Lender for Lender's consent to the Transfer and Assumption, subject to the conditions set forth in paragraphs (b) and (c) of this Section 5.26.3. Together with such written application, Borrowers will pay to Lender the reasonable review fee then required by Lender. Borrowers also shall pay on demand all of the reasonable costs and expenses incurred by Lender, including reasonable attorneys' fees and expenses, and including the fees and expenses of Rating Agencies and other outside entities, in connection with considering any proposed Transfer and Assumption, whether or not the same is permitted or occurs.

  • Assignment and Assumption of Lease The Assignment and Assumption ---------------------------------- of Lease;

  • Assignment and Assumption of Leases Two (2) counterparts of the Assignment and Assumption of Leases, executed, acknowledged and sealed by Purchaser;

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