Assumption and Acceptance definition

Assumption and Acceptance means an assumption and acceptance executed by an Added Bank and the Borrowers, and accepted by the Agent, in accordance with Section 2.05(c) and in substantially the form of Exhibit C-2 hereto.
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Assumption and Acceptance means an assumption and ------------------------- acceptance entered into by an Eligible Assignee, and accepted by the Administrative Agent, in substantially the form of Exhibit C-2 hereto.
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Assumption and Acceptance means an assumption and acceptance in substantially the form of EXHIBIT C-1 hereto pursuant to which an Added Bank assumes a Commitment hereunder, or increases its Commitment hereunder, as applicable, in accordance with the terms of SECTION 2.05(b).
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Examples of Assumption and Acceptance in a sentence

  • Upon such execution, delivery and acceptance, from and after the effective date specified in each Assumption and Acceptance, the Added Bank shall, in addition to the rights and obligations hereunder held by it immediately prior to such effective date (if any), have the rights and obligations hereunder that have been assumed by it pursuant to such Assumption and Acceptance and, in the case of a bank not previously a Bank hereunder, shall become a Bank hereunder.

  • Such new Note or Notes shall be dated the effective date of such Assumption and Acceptance and shall otherwise be in substantially the form of Exhibit A hereto.

  • The Agent shall maintain at its address referred to in Section 8.02 a copy of each Assumption and Acceptance delivered to and accepted by it.

  • If the conditions set forth in the proviso contained in the first sentence of this Section 2.05(c) have been satisfied, the Agent shall forward to such Added Bank and the Borrowers for execution by such Added Bank and the Borrowers an Assumption and Acceptance.

  • The Added Bank shall, upon such execution, return the executed Assumption and Acceptance to the Agent, for the Agent’s acceptance thereof, together with a processing and recordation fee of $3,500.

  • Upon its receipt of an Assumption and Acceptance executed by an Added Bank and the Borrowers, the Agent shall, if such Assumption and Acceptance has been completed and is in substantially the form of Exhibit C-2 hereto, (i) accept such Assumption and Acceptance, and (ii) give prompt notice thereof to the Borrowers.

  • Upon its receipt of an Assumption and Acceptance executed by an Added Bank and the Borrowers the Agent shall, if such Assumption and Acceptance has been completed and is in substantially the form of Exhibit C-2 hereto, (i) accept such Assumption and Acceptance, and (ii) give prompt notice thereof to the Borrowers.

  • Upon its receipt of an Assumption and Acceptance executed by an Added Bank and the Borrowers the Agent shall, if such Assumption and Acceptance has been completed and is in substantially the form of Exhibit C-1 hereto, (i) accept such Assumption and Acceptance, and (ii) give prompt notice thereof to the Borrowers.

  • If the conditions set forth in the proviso contained in the first sentence of this Section 2.05(c) have been satisfied, the Administrative Agent shall forward to such Added Bank and the Borrowers for execution by such Added Bank and the Borrowers an Assumption and Acceptance.

  • The Administrative Agent shall maintain at its address referred to in Section 8.02 a copy of each Assumption and Acceptance delivered to and accepted by it.


More Definitions of Assumption and Acceptance

Assumption and Acceptance means an assumption and acceptance in substantially the form of EXHIBIT C-1 hereto pursuant to which an Added Bank assumes a Commitment hereunder, or increases its Commitment hereunder, as applicable, in accordance with the terms of SECTION 2.05(b).
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Related to Assumption and Acceptance

  • Assignment and Acceptance means an assignment and acceptance entered into by a Lender and an Eligible Assignee, and accepted by the Administrative Agent, in substantially the form of Exhibit C hereto.