The Rhode Island Assumption Agreement between Unilab Corporation and Unilab Finance Corporation is a legally-binding contract that outlines the terms and conditions for the assumption of certain liabilities by Unilab Finance Corporation. This agreement is specific to the state of Rhode Island and governs the transfer of certain obligations from Unilab Corporation to Unilab Finance Corporation. As the name suggests, the assumption agreement involves one party (Unilab Finance Corporation) assuming financial responsibilities or liabilities from another party (Unilab Corporation). This agreement is essential when a company wants to transfer certain debts, loans, or obligations to another entity within the same corporate group for strategic or financial reasons. The Rhode Island Assumption Agreement ensures that both parties understand and agree upon the scope and nature of the liabilities being assumed. It typically includes the identification and detailed description of the liabilities, the effective date of the assumption, and any specific conditions or contingencies that must be met for the assumption to take effect. Some relevant keywords related to the Rhode Island Assumption Agreement between Unilab Corporation and Unilab Finance Corporation may include: 1. Rhode Island assumption agreement 2. Unilab Corporation 3. Unilab Finance Corporation 4. Liability assumption 5. Debt transfer 6. Assumption of obligations 7. Corporate group transfer 8. Strategic financial planning 9. Transfer of liabilities 10. Legal contract It is important to note that while the content above provides a general understanding of the Rhode Island Assumption Agreement, there may be different types or variations of such agreements that exist between Unilab Corporation and Unilab Finance Corporation. These variations may be specific to different areas of business, different loan types, or different financial arrangements.