Common use of Assumed Indebtedness Clause in Contracts

Assumed Indebtedness. The Sellers and their respective Affiliates shall have been released and discharged from any and all obligations under the Assumed Indebtedness, and Sellers shall have received such payoff letters, releases or other further assurances thereof from third parties as the Sellers may reasonably request.

Appears in 3 contracts

Sources: Option Agreement (Omega Healthcare Investors Inc), Option Agreement (Omega Healthcare Investors Inc), Option Agreement (Capitalsource Inc)

Assumed Indebtedness. The Sellers and their respective Affiliates shall have been released and discharged from any and all obligations under the Assumed Indebtedness, and Sellers shall have received such payoff letters, releases or other further assurances thereof from third parties as the Sellers may reasonably request.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Capitalsource Inc), Securities Purchase Agreement (Omega Healthcare Investors Inc)