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Common use of Assumption of Existing Debt Clause in Contracts

Assumption of Existing Debt. Assumption by Purchaser at Closing of all or any portion of the Existing Debt (as defined and determined pursuant to Section 4.4 hereof), and

Appears in 4 contracts

Sources: Purchase and Sale Agreement (Preferred Apartment Communities Inc), Purchase and Sale Agreement (Preferred Apartment Communities Inc), Purchase and Sale Agreement (Highwoods Realty LTD Partnership)

Related Clauses

  • DESCRIPTION OF EXISTING INDEBTEDNESS
  • Repayment of Existing Indebtedness
  • DESCRIPTION OF EXISTING INDEBTEDNESS AND OBLIGATIONS
  • Termination of Existing Agreements
  • Ratification of Existing Agreements

Parent Clauses

  • Purchase Price
  • Conditions Precedent to Purchaser's Obligations at Closing
  • UCC SEARCH
  • Terms of the Sale and Leaseback
  • Sale

Sub-Clauses

  • Assumption Costs
  • Cooperation
  • Conditions to Assumption
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