Assumption Instruments Sample Clauses
The Assumption Instruments clause defines the formal documents or agreements through which one party assumes specific obligations, liabilities, or rights from another party, typically in the context of a business transaction or asset transfer. In practice, this clause outlines the requirement for the parties to execute and deliver these instruments at closing, ensuring that the designated responsibilities or assets are legally transferred. Its core function is to provide a clear and enforceable mechanism for the transfer of obligations or rights, thereby reducing ambiguity and ensuring that all parties understand and agree to the terms of the assumption.
Assumption Instruments. Such other instruments of assumption as are reasonably necessary for Toshiba to assume the Assumed Liabilities being assumed at such Closing.
Assumption Instruments. The Purchaser shall have executed and delivered to the Purchaser such instruments of assumption, in forms mutually agreed by the Seller and the Purchaser, reasonably deemed necessary to assume the Assumed Liabilities in accordance with the terms of this Agreement, together with such other assignment and conveyance instruments required under Section 2.5 hereof.
Assumption Instruments. Seller shall have received from ----------------------- Purchaser instruments of assumption and other instruments sufficient to effect Purchaser's assumption of the Assumed Liabilities, all in form and substance reasonably satisfactory to Seller.
Assumption Instruments. Purchaser shall have executed and delivered to Sellers the Assumption Instruments.
Assumption Instruments. Such other specific instruments of assumption, if any, as may be necessary for Purchaser to assume the Assumed Liabilities, including the Assignment and Assumption Agreement.
Assumption Instruments. 31 7.4.3. Escrow Agreement ......................................................................... 31 7.4.4. Other .................................................................................... 32
Assumption Instruments. Purchaser will deliver (i) an Assumption Agreement in form and substance reasonably acceptable to the Company’s counsel (the “Assumption Agreement”), duly executed by Purchaser, and (ii) such other good and sufficient instruments of assumption, in form and substance reasonably acceptable to the Company’s counsel, as shall be effective to cause Purchaser to assume the Assumed Liabilities as and to the extent provided in this Agreement (the Assumption Agreement and such other instruments referred to in clause (ii) being collectively referred to herein as the “Assumption Instruments”).
Assumption Instruments. Infinity shall have received from Buyer an ---------------------- executed ▇▇▇▇ of Sale, Assignment and Assumption Agreement and such other instruments as may be necessary to evidence and effect Buyer's assumption of the Assumed Liabilities, all in form and substance reasonably satisfactory to Infinity.
Assumption Instruments. At the Closing, there shall also be delivered to Seller and Buyer the certificates and other contracts, documents and instruments required to be delivered under Article V.
Assumption Instruments. 13 8.4 Officer's Certificate......................................... 13 8.5