Assuming Obligors definition

Assuming Obligors means Assuming Borrower and Assuming Indemnitor; the term “Original Obligors” shall mean Original Borrower and Original Indemnitor.
Sample 1
Assuming Obligors means Assuming Borrower and Assuming Indemnitor; the term “Original Obligors” shall mean Original Borrower and Original Indemnitor. B. Original Lender assigned, sold and transferred its interest in the A Note and all related Loan Documents to Xxxxx Fargo and Xxxxx Fargo is the current holder of Original Lender’s interest in the A Note and the related Loan Documents. C. Original Lender assigned, sold and transferred its interest in the B Note and all related Loan Documents to CBA and CBA is the current holder of Original Lender’s interest in the B Note and the related Loan Documents. D. Original Borrower continues to be the owner of the Property (as defined below). E. Pursuant to that certain Purchase and Sale Agreement by and between Original Borrower and AmREIT Realty Investment Corp. (as amended and as assigned to Assuming Borrower, the “Sales Agreement”), Original Borrower agreed to sell, and Assuming Borrower agreed to purchase, that certain real property more particularly described on Exhibit A attached hereto, together with all other property encumbered by the Mortgage and the other Loan Documents (collectively, the “Property”). The Sales Agreement requires that the Assuming Borrower assume the Loan and the obligations of Original Borrower under the Loan Documents, and conditions the closing of the sale of the Property upon the Lender’s consent to the sale of the Property and the assumption of the Loan. F. Pursuant to Section 8 of the Mortgage, Original Borrower has the right to sell the Property to a third party subject to the satisfaction of certain conditions specified therein. Original Borrower and Assuming Borrower have requested that Lender consent to the sale, conveyance, assignment and transfer of the Property by Original Borrower to Assuming Borrower, subject to the Mortgage and the other Loan Documents, and to the assumption by Assuming Borrower of the Loan and the assumption by Assuming Obligors of the obligations of Original Obligors under the Loan Documents.
Sample 1
Assuming Obligors means Assuming Borrower, New Guarantor and Four Resource Member, LLC, a Delaware limited liability company (“Assuming Pledgor”); and the term “Original Obligors” shall mean Original Borrower and Original Guarantor. Capitalized terms not otherwise defined herein shall have the meanings provided for such terms in the Loan Agreement.
Sample 1

Examples of Assuming Obligors in a sentence

  • Read Levasseur, Précis, 126-28.c} The Assuming Obligor's Defenses Are Expanded 2} Horizontal Effects: Those Between the Obligor & the Third Persona} The Original Obligor & The Third Person Become Solidary Co-Obligors (Or Do They?) 1/ Onerous AssumptionsOGH 136.

  • Assuming Obligors and Original Obligors have had sufficient time to review this Agreement, have been represented by legal counsel at all times, have entered into this Agreement voluntarily and without fraud, duress, undue influence or coercion of any kind.

  • Assuming Obligors understand and intend that Lender shall rely on the representations, warranties and covenants contained herein.

  • Assuming Obligors have no knowledge that any of the representations and warranties made by the Original Obligors herein are untrue, incomplete, or incorrect.

  • Any breach of Assuming Obligors or Original Obligors of any of the representations and warranties contained herein shall constitute a default under the Mortgage and each other Loan Document.

  • AmREIT has full power and authority to enter into and carry out the terms of this Agreement and to assume and carry out the terms of the Loan Documents to which it is a party (e) This Agreement and the Loan Documents constitute legal, valid and binding obligations of Assuming Obligors enforceable in accordance with their respective terms.

  • The competition over scarce jobs and housing in the cities, and over land and water in the countryside, significantly changed the terms of engagement among ethnic groups, giving rise to social tensions.

  • Assuming Obligors and Original Obligors acknowledge and agree that Lender’s consent herein contained is expressly limited to the sale, conveyance, assignment and transfer herein described, that such consent shall not waive or render unnecessary Lender’s consent or approval of any subsequent sale, conveyance, assignment or transfer of the Property, and that Section 8 of the Mortgage, as amended herein, shall continue in full force and effect.

  • As a condition of this Agreement, Assuming Obligors represent and warrant to Lender as follows: (a) Assuming Borrower is a limited partnership duly organized, validly existing and in good standing under the laws of the State of Texas.


More Definitions of Assuming Obligors

Assuming Obligors means Assuming Borrower and Assuming Indemnitor; and the term "ORIGINAL OBLIGORS" shall mean Original Borrower and Original Indemnitor.
Sample 1

Related to Assuming Obligors

  • Seller Parties has the meaning set forth in the preamble to this Agreement.

  • Sellers has the meaning set forth in the preamble.

  • Seller has the meaning set forth in the Preamble.

  • Seller Parent has the meaning set forth in the Preamble.

  • Seller Party means Seller, any Affiliates of Seller, any direct or indirect subcontractors of Seller or its Affiliates and any of such subcontractors' Affiliates.

  • the Seller means the person so described in the Order;

  • Purchaser Financial Statements shall have the meaning specified in Section 4.8.1.

  • Acquired Companies means, collectively, the Company and the Company Subsidiaries.

  • Sellers Disclosure Schedule means the disclosure schedule delivered by the Sellers to the Purchaser on the date hereof.

  • Seller Documents has the meaning set forth in Section 3.2.

  • Buyer has the meaning set forth in the preamble.

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Seller Entities means, collectively, Seller and all Seller Subsidiaries.

  • Purchaser Disclosure Schedule means the schedule (dated as of the date of the Agreement) delivered to Seller and the Members by the Purchaser, a copy of which is attached to this Agreement.

  • Seller Disclosure Schedules means the disclosure schedules of Seller delivered by Seller pursuant to this Agreement.

  • Buyer Financial Statements has the meaning set forth in Section 4.7.

  • Buyer Parties means Buyer, its Affiliates, their members, officers, directors, employees, agents, representatives, successors, and assigns.

  • Buyer Disclosure Schedules means the disclosure schedules delivered by Buyer to Seller concurrently with the execution of this Agreement.

  • Selling Parties shall have the meaning specified in the preamble.

  • Acquired Entities means the Company and the Acquired Subsidiaries.

  • Target Companies means the Target and its Subsidiaries.

  • Purchaser Disclosure Letter means the disclosure letter delivered by the Purchaser to the Company at the time of execution hereof.

  • Seller Disclosure Schedule means the disclosure schedule delivered by Seller to Purchaser contemporaneously with the execution and delivery of the Agreement.

  • The Purchaser means the organization purchasing the Goods, as named in SCC.

  • Other Sellers shall have the meaning set forth in Section 10.4.

  • Receivables Sellers means the Company and those Subsidiaries (other than Receivables Entities) that are from time to time party to the Permitted Receivables Facility Documents.