Common use of Agreement to Assume Obligations Clause in Contracts

Agreement to Assume Obligations. The Successor hereby agrees to assume the Issuer’s obligations under the Indenture and the Notes on the terms and subject to the conditions set forth in the Indenture and the Notes, and succeed to and be substituted for, and may exercise every right and power of, the Issuer under the Indenture and the Notes with the same effect as if such Successor has been named as the Issuer in the Indenture and the Notes, and the Issuer shall thereby be released of its obligations under the Indenture and the Notes.

Appears in 6 contracts

Samples: Supplemental Indenture (Intelsat Intermediate Holding Company, Ltd.), Supplemental Indenture (Intelsat LTD), First Supplemental Indenture (Intelsat LTD)

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Agreement to Assume Obligations. The Successor Issuer hereby agrees to assume unconditionally assumes, effective as of the consummation of the Transfer, the Issuer’s obligations under the Indenture Notes and the Notes Indenture on the terms and subject to the conditions set forth in the Indenture and agrees to be bound by all provisions of the Notes, Indenture and succeed the Notes applicable to the Issuer and be substituted for, to perform all of the obligations and may exercise every right and power of, agreements of the Issuer under the Indenture and the Notes with the same effect as if such Successor has been named as and may exercise every right and power of the Issuer in under the Indenture Notes and the Notes, and the Issuer shall thereby be released of its obligations under the Indenture and the NotesIndenture.

Appears in 3 contracts

Samples: Supplemental Indenture (Crane Holdings, Co.), Supplemental Indenture (Crane Holdings, Co.), Supplemental Indenture (Crane Holdings, Co.)

Agreement to Assume Obligations. The Successor Issuer hereby agrees to unconditionally assume the Initial Issuer’s obligations under the Indenture and the Notes on the terms and subject to the conditions set forth in the Indenture and the Notes, and succeed to and be substituted for, and may exercise every right and power of, the Issuer under bound by all other provisions of the Indenture and the Notes with and to perform all of the same effect as if such Successor has been named as obligations and agreements of the Initial Issuer in the Indenture and the Notes, and the Issuer shall thereby be released of its obligations under the Indenture and the Notes.

Appears in 3 contracts

Samples: Supplemental Indenture (Momentive Specialty Chemicals Inc.), Supplemental Indenture (Momentive Specialty Chemicals Inc.), Supplemental Indenture (Momentive Specialty Chemicals Inc.)

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Agreement to Assume Obligations. The Successor hereby agrees to assume assumes the Original Issuer’s obligations under the Indenture and the Notes on the terms and subject to the conditions set forth in the Indenture and the Notes, and succeed succeeds to and be is substituted for, and may exercise every right and power of, the Issuer under the Indenture and the Notes with the same effect as if such Successor has been named as the Issuer in the Indenture and the Notes, and the Original Issuer shall thereby be released of its obligations under the Indenture and the NotesNotes as the Issuer.

Appears in 1 contract

Samples: Second Supplemental Indenture (Freedom Group, Inc.)

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