Common use of ASSUMPTION AND AGREEMENTS Clause in Contracts

ASSUMPTION AND AGREEMENTS. SECTION 2.1. Successor hereby assumes the due and punctual payment of the principal of and interest (including any Additional Interest) on all the Securities and the performance of every covenant and every obligation of the Indenture on the part of the Company to be performed or observed. SECTION 2.2. Securities authenticated and delivered after the execution of this Second Supplemental Indenture may, and shall if required by the Company, bear a notation in form approved by the Company as to any matter provided for in this Second Supplemental Indenture. SECTION 2.3. Successor shall succeed to, and be substituted for, and may exercise every right and power of, the Company under the Indenture, with the same effect as if Successor had been named as the Company therein, and Wachovia shall be discharged from all obligations and covenants under the Indenture and the Securities.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Wachovia Corp New), Second Supplemental Indenture (Wachovia Corp New)

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ASSUMPTION AND AGREEMENTS. SECTION 2.1. Successor hereby assumes the due and punctual payment of the principal of (and premium, if any) and interest (including any Additional Interest) on all the Securities and the performance of every covenant and every obligation of the Indenture on the part of the Company to be performed or observed. SECTION 2.2. Securities of any series authenticated and delivered after the execution of this Second First Supplemental Indenture may, and shall if required by the CompanyTrustee, bear a notation in form approved by the Company Trustee as to any matter provided for in this Second First Supplemental Indenture. SECTION 2.3. Successor shall succeed to, and be substituted for, and may exercise every right and power of, the Company under the Indenture, with the same effect as if Successor had been named as the Company therein, and hereafter Wachovia shall be discharged from relieved of all obligations and covenants under the Indenture and the Securities.

Appears in 2 contracts

Samples: First Supplemental Indenture (Wachovia Corp New), First Supplemental Indenture (Wachovia Corp New)

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ASSUMPTION AND AGREEMENTS. SECTION 2.1. Successor hereby assumes the due and punctual payment of the principal of (and premium, if any) and interest (including any Additional Interest) on all the Securities and the performance of every covenant and every obligation of the Indenture on the part of the Company to be performed or observed. SECTION 2.2. Securities of any series authenticated and delivered after the execution of this Second First Supplemental Indenture may, and shall if required by the CompanyTrustee, bear a notation in form approved by the Company Trustee as to any matter provided for in this Second First Supplemental Indenture. SECTION 2.3. Successor shall succeed to, and be substituted for, and may exercise every right and power of, the Company under the Indenture, Indenture with the same effect as if Successor had been named as the Company therein, and hereafter Wachovia shall be discharged from relieved of all obligations and covenants under the Indenture and the Securities.

Appears in 1 contract

Samples: First Supplemental Indenture (Wachovia Corp New)

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