Assignment of Promissory Notes. (a) On the Distribution Date, PEC will assign to Snowberry Land Company (“Snowberry”), a Delaware corporation and a member of the Patriot Group all of its rights as the payee under those promissory notes listed on Schedule 2.08(a). (b) On the Distribution Date, PEC will cause Peabody Investments Corp., a Delaware corporation and a member of the PEC Group, to assign to Patriot or a designated member of the Patriot Group all of its rights as lender and payee under the Loan Agreement, dated June 15, 2006, with Kanawha Eagle Coal, LLC, as the borrower.
Appears in 5 contracts
Samples: Separation Agreement (Peabody Energy Corp), Separation Agreement, Plan of Reorganization and Distribution (Patriot Coal CORP), Separation Agreement, Plan of Reorganization and Distribution (Patriot Coal CORP)
