Assumption and Consent Sample Clauses

Assumption and Consent. 1.1 This Agreement shall have effect or be deemed to have effect from the date of the Original Agreement (the EFFECTIVE DATE). 1.2 The New Contracting Party agrees to and undertakes to the Continuing Contracting Party to accept and to perform, discharge and observe all obligations and liabilities to be performed, discharged or observed by the Original Contracting Party under the Original Agreement in every way as if the New Contracting Party were named in the Original Agreement in place of the Original Contracting Party with effect from the Effective Date. 1.3 In consideration of the New Contracting Party's undertaking in subclause 1.2 hereof, the Continuing Contracting Party fully and completely releases and discharges the Original Contracting Party from all claims, demands, duties, obligations and liabilities whatsoever in respect of the Original Agreement arising whether before, on or after the Effective Date. The Continuing Contracting Party consents to the assignment of all duties, obligations and liabilities to the New Contracting Party by the Original Contracting Party and the Continuing Contracting Party accepts the liability of the New Contracting Party in lieu of the liability of the Original Contracting Party for all liabilities whether such liabilities arose before, on or after the Effective Date. 1.4 The Continuing Contracting Party undertakes to the New Contracting Party to perform, discharge and observe all such obligations and liabilities on the part of the Continuing Contracting Party under the Original Agreement, as amended and supplemented by this Agreement and acknowledges that the New Contracting Party shall be entitled to the rights and benefits of the Original Agreement, as amended and supplemented by this Agreement as if the New Contracting Party were named in the Original Agreement in place of the Original Contracting Party with effect from the Effective Date. 1.5 The Original Agreement, as amended and supplemented by this Agreement, shall continue in full force and effect.
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Assumption and Consent. Evidence reasonably satisfactory to Buyer of the termination of any property management agreement and brokerage listing agreement for the Property as provided in Section 6.11 hereof.
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Assumption and Consent. Tenant hereby agrees to the assumption of all ----------------------- obligations under the Lease as modified by this Second Amendment to Lease, as of ----- December 15, 1993 (▇▇▇ ▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇uptcy Court Order approving assignment of the Lease to Tenant); and Landlord hereby consents to the assignment of the Lease to Tenant on said terms and conditions. LANDLORD TENANT Performance Restaurant Group, Inc.
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Assumption and Consent 
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Related to Assumption and Consent

  • Authorization and Consent The Government has given its authorization and consent for all use and manufacture of any invention described in and covered by a patent of the United States in the performance of this Agreement or any part hereof or any amendment hereto or any subcontract hereunder (including any lower-tier subcontract) which is expected to exceed $100,000.

  • Assumption Agreement The Buyer shall have executed and delivered to the Seller the Assumption Agreement.

  • ACKNOWLEDGEMENT AND CONSENT The Company is a party to the Company Collateral Documents, in each case as amended through the date hereof, pursuant to which the Company has created Liens in favor of the Agent on certain Collateral to secure the Obligations. The Parent Guarantor is a party to the Parent Collateral Documents, in each case as amended through the date hereof, pursuant to which the Parent Guarantor has created Liens in favor of the Agent on certain Collateral and pledged certain Collateral to the Agent to secure the Obligations of the Parent Guarantor. Certain Subsidiaries of the Company are parties to the Subsidiary Guaranty and/or one or more of the Subsidiary Collateral Documents, in each case as amended through the date hereof, pursuant to which such Subsidiaries have (i) guarantied the Obligations and/or (ii) created Liens in favor of the Agent on certain Collateral. The Company, the Parent Guarantor and such Subsidiaries are collectively referred to herein as the "Credit Support Parties", and the Company Collateral Documents, the Parent Collateral Documents, the Subsidiary Guaranty and the Subsidiary Collateral Documents are collectively referred to herein as the "Credit Support Documents". Each Credit Support Party hereby acknowledges that it has reviewed the terms and provisions of the Credit Agreement as amended by this Amendment and consents to the amendment of the Credit Agreement effected as of the date hereof pursuant to this Amendment. Each Credit Support Party acknowledges and agrees that any of the Credit Support Documents to which it is a party or otherwise bound shall continue in full force and effect. Each Credit Support Party hereby confirms that each Credit Support Document to which it is a party or otherwise bound and all Collateral encumbered thereby will continue to guaranty or secure, as the case may be, the payment and performance of all obligations guaranteed or secured thereby, as the case may be. Each Credit Support Party (other than the Company and the Parent Guarantor) acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Amendment, such Credit Support Party is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment and (ii) nothing in the Credit Agreement, this Amendment or any other Loan Document shall be deemed to require the consent of such Credit Support Party to any future amendments to the Credit Agreement.

  • Assumption Agreements In the event that any assumption agreement or substitution of liability agreement is entered into with respect to any Mortgage Loan subject to this Agreement in accordance with the terms and provisions of the Pooling and Servicing Agreement, the Master Servicer shall notify the Custodian that such assumption or substitution agreement has been completed by forwarding to the Custodian the original of such assumption or substitution agreement, which copy shall be added to the related Custodial File and, for all purposes, shall be considered a part of such Custodial File to the same extent as all other documents and instruments constituting parts thereof.

  • Acknowledgment and Consent Each Guarantor hereby acknowledges that it has reviewed the terms and provisions of the Credit Agreement and this Amendment and consents to the amendment of the Credit Agreement effected pursuant to this Amendment. Each Guarantor hereby confirms that each Credit Document to which it is a party or otherwise bound and all Collateral encumbered thereby will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Credit Documents the payment and performance of all “Obligations” under each of the Credit Documents to which is a party (in each case as such terms are defined in the applicable Credit Document). Each Guarantor acknowledges and agrees that any of the Credit Documents to which it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. Each Guarantor represents and warrants that all representations and warranties contained in the Amended Agreement and the Credit Documents to which it is a party or otherwise bound are true and correct in all material respects on and as of the First Amendment Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they were true and correct in all material respects on and as of such earlier date. Each Guarantor acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Amendment, such Guarantor is not required by the terms of the Credit Agreement or any other Credit Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment and (ii) nothing in the Credit Agreement, this Amendment or any other Credit Document shall be deemed to require the consent of such Guarantor to any future amendments to the Credit Agreement.