Common use of ASSUMPTION AND AGREEMENTS Clause in Contracts

ASSUMPTION AND AGREEMENTS. SECTION 2.1. Successor hereby expressly assumes the due and punctual payment of the principal of and interest on all the Securities and Coupons, according to their tenor, and the due and punctual performance and observance of all covenants and conditions of the Indenture to be performed or observed by the Issuer thereunder. SECTION 2.2. The Securities and Coupons may bear a notation concerning the assumption of the Indenture and the Securities and Coupons by Successor.

Appears in 2 contracts

Samples: Second Supplemental Indenture (Chase Manhattan Corp /De/), Second Supplemental Indenture (J P Morgan Chase & Co)

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ASSUMPTION AND AGREEMENTS. SECTION 2.1. 2.1 Successor hereby expressly assumes the due and punctual payment of the principal of and interest on all the Securities and Coupons, according to their tenor, and the due and punctual performance and observance of all covenants and conditions of the Indenture to be performed or observed by the Issuer thereunder. SECTION 2.2. 2.2 The Securities and Coupons may bear a notation concerning the assumption of the Indenture and the Securities and Coupons by Successor.

Appears in 2 contracts

Samples: Fourth Supplemental Indenture (J P Morgan Chase & Co), Fourth Supplemental Indenture (Chase Manhattan Corp /De/)

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