Assumption of Debt Clause Samples

Assumption of Debt. 49 6.07. Directors' and Officers' Indemnification and Insurance............... 50 6.08. No Shelf Registration................................................ 52 6.09. Public Announcements................................................. 52 6.10. Dividends............................................................ 52 6.11. Headquarters......................................................... 52 6.12. Post-Merger BBI Board of Directors................................... 53 6.13.

Assumption of Debt. With respect to the IVAX Subordinated Notes issued by IVAX under an indenture qualified under the Trust Indenture Act of 1939 (the "IVAX Indenture"), if required by the IVAX Indenture, BBI shall execute and deliver to the trustee under the IVAX Indenture a supplemental indenture, in form satisfactory to the trustee, expressly assuming the obligations of IVAX with respect to the due and punctual payment of the principal of (and premium, if any) and interest on the IVAX Subordinated Notes and the due and punctual performance of all the terms, covenants and conditions of the IVAX Indentures to be kept or performed by IVAX, and shall deliver such supplemental indenture to the trustee under the IVAX Indenture. Holders of the IVAX Subordinated Notes who convert after the Effective Time shall be entitled to receive BBI Common Stock based on a ratio determined in accordance with Section 2.02(b).

Assumption of Debt. NBT agrees to execute and deliver, or cause to be executed and delivered, by or on behalf of the Surviving Corporation, at or prior to the Effective Time, one or more supplemental indentures, guarantees, and other instruments required for the due assumption of the Salisbury’s outstanding debt, guarantees, securities, and other agreements to the extent required by the terms of such debt, guarantees, securities, and other agreements.

Assumption of Debt. CZFS agrees to execute and deliver, or cause to be executed and delivered, by or on behalf of the Surviving Corporation, at or prior to the Effective Time, one or more supplemental indentures, guarantees, and other instruments required for the due assumption of the HVBC’s outstanding debt, guarantees, securities, and other agreements to the extent required by the terms of such debt, guarantees, securities, and other agreements.

Assumption of Debt. With respect to the debt issued by CapStar under indentures qualified under the Trust Indenture Act of 1939 (the "INDENTURES"), AGH shall execute and deliver to the trustees under the respective Indentures, Supplemental Indentures, in form satisfactory to the respective trustees, expressly assuming the obligations of CapStar with respect to the due and punctual payment of the principal of and interest, if any, on all debt securities issued by CapStar under the respective Indentures and the due and punctual performance of all the terms, covenants and conditions of the respective Indentures to be kept or performed by CapStar, and shall deliver such Supplemental Indentures to the respective trustees under the Indenture.

Assumption of Debt. The Purchaser shall have assumed the debt of the Company to Rose▇▇▇▇ ▇▇▇▇▇ ▇▇ the amount of approximately $43,000 which shall be paid by Purchaser on or before April 7, 1997.

Assumption of Debt. Patch hereby absolutely and unconditionally assumes and accepts responsibility for the payment of the Debt and agrees to indemnify and hold harmless ▇▇▇▇▇▇▇▇▇ in respect thereof.

Assumption of Debt. 7 Certificate of Incorporation; By-laws; Rights Plan.................................................... 19

Assumption of Debt. On the Closing Date, the Buyer shall assume legal responsibility for the payment of any and all debt of the Company that is not labelled under the column “Personal Loans” or “DarkPulse Loans”, which is listed on Schedule 1 of the Assignment and Assumption Agreement, which is attached and incorporated into this Agreement as Exhibit A, herein; however, all personal guarantees provided by the Sellers and their affiliates will continue to be in place (the “Assumption of Debt”). At Closing, all debts, liabilities, obligations, restrictions, and duties of the Company shall become the debts, liabilities, obligations, restrictions, and duties of the Buyer as provided in Schedule 1 of the Assignment and Assumption Agreement (the “Assumed Debt”).