Example ContractsClausesbuyer’s assumption of liabilities and obligationsVariants
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Subject to acceptance and recording thereof below, from and after the effective date specified in each assignment and assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such assignment and assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such assignment and assumption, be released from its obligations under this Agreement (and, in the case of an assignment and assumption covering all of the assigning Lender’s rights and obligations

Subject to acceptance and recording thereof below,pursuant to paragraph (b)(iv) of this Section, from and after the effective date specified in each assignmentAssignment and assumptionAssumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, be released from its obligations under this Agreement (and, in the case of an assignmentAssignment and assumptionAssumption covering all of the assigning Lender’Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of

(i) Subject to acceptance and recording thereof below,pursuant to paragraph (b)(iv) of this Section, from and after the effective date specified in each assignmentAssignment and assumptionAssumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, be released from its obligations under this Agreement (and, in the case of an assignment and assumption covering all of the assigning Lender’s rights and obligations

Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) below, from and after the effective date specified in each assignmentAssignment and assumptionAssumption the assigneeAssignee thereunder shall be a party hereto and, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, be released from its obligations under this Agreement (and, in the case of an assignmentAssignment and assumptionAssumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.14, 2.15 and 10.55]). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 10.6 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph # of this Section.

Subject to acceptance and recording thereof below,pursuant to paragraph (b)(v) of this Section, from and after the effective date specified in each assignmentAssignment and assumptionAssumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, be released from its obligations under this Agreement (and, in the case of an assignmentAssignment and assumptionAssumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of (and subject to the obligations and limitations of) [Sections 2.15, 2.16, 2.17 and 9.03]3]3]3] and to any fees payable hereunder that have accrued for such Lender’s account but have not yet been paid). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (c)(i) of this Section.

Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) below, from and after the effective date specified in each assignmentAssignment and assumptionAssumption the assigneeAssignee thereunder shall be a party hereto and, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, be released from its obligations under this Agreement (and, in the case of an assignmentAssignment and assumptionAssumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of [Sections 2.14, 2.15 and 10.5]5]5]). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this [Section 10.6] shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph # of this Section.

Subject to acceptance and recording thereof below,by Administrative Agent pursuant to [Section 12.8(c)], from and after the effective date specified in each assignmentAssignment and assumptionAssumption, the assignee thereunder shall be a party heretoto this Agreement and, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, be released from its obligations under this Agreement (and, in the case of an assignmentAssignment and assumptionAssumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Section 12.1 and Section 12.2 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided that, except to

Subject to acceptance and recording thereof below,pursuant to paragraph (b)(iv) of this Section, from and after the effective date specified in each assignmentAssignment and assumptionAssumption, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, be released from its obligations under this Agreement (and, in the case of an assignmentAssignment and assumptionAssumption covering all of the assigning Lender’Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of [Sections 2.15, 2.16, 2.17 and 9.03]3]3]3]). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this [Section 9.04] shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph # of this Section.

Subject to acceptance and recording thereof below,pursuant to paragraph (b)(v) of this Section, from and after the effective date specified in each assignmentAssignment and assumptionAssumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, be released from its obligations under this Agreement (and, in the case of an assignmentAssignment and assumptionAssumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of [Sections 2.14, 2.15, 2.16 and 9.03]3]3]3]). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph # of this Section.

Subject to acceptance and recording thereof below,by Administrative Agent pursuant to [Section 12.8(c)], from and after the effective date specified in each assignmentAssignment and assumptionAssumption, the assignee thereunder shall be a party heretoto this Agreement and, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such assignmentAssignment and assumption,Assumption, be released from its obligations under this Agreement (and, in the case of an assignmentAssignment and assumptionAssumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Section 12.1 and Section 12.2 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided that, except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any party hereunder arising from that Lenders’ having been a Defaulting Lender. Any assignment or transfer by a Lender of rights or

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