The Oregon Assumption Agreement between Unilab Corporation and Unilab Finance Corporation is a legally binding document that outlines the terms and conditions of the assumption of debt and obligations by Unilab Finance Corporation. This agreement is specific to the state of Oregon and must adhere to the state's laws and regulations. The Oregon Assumption Agreement serves as a transfer of liabilities and responsibilities from Unilab Corporation to Unilab Finance Corporation. By entering into this agreement, Unilab Finance Corporation agrees to assume and take over all outstanding debts, obligations, and liabilities held by Unilab Corporation in the state of Oregon. This agreement includes detailed information such as the effective date of the assumption, the specific debt or obligation being assumed, the parties involved (Unilab Corporation and Unilab Finance Corporation), and any pertinent provisions regarding payment terms, interest rates, and default consequences. Furthermore, it is worth mentioning that if there are different types of Oregon Assumption Agreements between Unilab Corporation and Unilab Finance Corporation, they may include variations in the specific debts or obligations being assumed. For example, there could be separate agreements for assumption of loans, mortgages, or other financial obligations that Unilab Corporation may have in Oregon. Each agreement would have its own set of terms and conditions tailored to the specific debt being assumed by Unilab Finance Corporation. In summary, the Oregon Assumption Agreement between Unilab Corporation and Unilab Finance Corporation is a crucial legal document that outlines the transfer of debt and liabilities between the two entities in the state of Oregon. It serves to protect the rights and obligations of both parties involved, ensuring a smooth transition of financial responsibilities.