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Common use of Acceptance and Assumption Clause in Contracts

Acceptance and Assumption. Subject to the terms and conditions of this Assignment and the PSA, Assignee hereby accepts, and assumes ownership of, the Acquired Membership Interests.

Appears in 5 contracts

Sources: Purchase and Sale Agreement (Talos Energy Inc.), Purchase and Sale Agreement (Talos Energy Inc.), Purchase and Sale Agreement (Talos Energy Inc.)

Related Clauses

  • Assignment and Assumption
  • Payoffs and Assumptions
  • Assignment and Assumption of Contracts
  • Assignment and Assumption Consent
  • Assignment and Assumption Agreement

Parent Clauses

  • Miscellaneous
  • Purchase and Assumption
  • Counterparts
  • Miscellaneous Provisions
  • General Provisions

Sub-Clauses

  • Other Liabilities
  • Assets
  • Deposit Liabilities
  • Other Obligations
  • Liabilities Under Leases/Safe Deposit Business
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