Common use of Assumption and Joinder Clause in Contracts

Assumption and Joinder. (a) The Additional Pledgor hereby expressly assumes, and hereby agrees to perform and observe, each and every one of the covenants, rights, promises, agreements, terms, conditions, obligations, appointments, duties and liabilities of a “Pledgor” under the Securities Pledge Agreement and all of the other Loan Documents (as defined in the Credit Agreement) applicable to it as a Pledgor under the Securities Pledge Agreement. By virtue of the foregoing, the Additional Pledgor hereby accepts and assumes any liability of a Pledgor related to each representation, warranty, covenant or obligation made by a Pledgor in the Securities Pledge Agreement, and hereby expressly affirms, as of the date hereof, each of such representations, warranties, covenants and obligations. In connection with the foregoing, the Additional Pledgor hereby grants to the Administrative Agent for the benefit of the Secured Parties a security interest in, and hereby pledges to the Administrative Agent, for the benefit of the Secured Parties, all of the Pledged Equity Interests of the Additional Pledgor on the terms and conditions set forth in the Securities Pledge Agreement. (b) All references to the term Pledgor in the Securities Pledge Agreement or in any document or instrument executed and delivered or furnished, or to be executed and delivered or furnished, in connection therewith shall be deemed to be a reference to, and shall include, the Additional Pledgor.

Appears in 3 contracts

Samples: Securities Pledge Agreement, Securities Pledge Agreement (Cra International, Inc.), Securities Pledge Agreement (Cra International, Inc.)

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Assumption and Joinder. (a) The Additional Pledgor hereby expressly assumes, and hereby agrees to perform and observe, each and every one of the covenants, rights, promises, agreements, terms, conditions, obligations, appointments, duties and liabilities of a “Pledgor” under the Securities Pledge Agreement and all of the other Loan Documents (as defined in the Credit Agreement) applicable to it as a Pledgor under the Securities Pledge Agreement. By virtue of the foregoing, the Additional Pledgor hereby accepts and assumes any liability of a Pledgor related to each representation, warranty, covenant or obligation made by a Pledgor in the Securities Pledge Agreement, and hereby expressly affirms, as of the date hereof, each of such representations, warranties, covenants and obligations. In connection with the foregoing, the Additional Pledgor hereby grants to the Administrative Agent for the benefit of the Secured Parties a security interest in, and hereby pledges to the Administrative Agent, for the benefit of the Secured Parties, all of the Pledged Equity Interests of the Additional Pledgor on the terms and conditions set forth in the Securities Pledge Agreement. (b) All references to the term Pledgor in the Securities Pledge Agreement or in any document or instrument executed and delivered or furnished, or to be executed and delivered or furnished, in connection therewith shall be deemed to be a reference to, and shall include, the Additional Pledgor.

Appears in 2 contracts

Samples: Credit Agreement (Cra International, Inc.), Credit Agreement (Cra International, Inc.)

Assumption and Joinder. (a) The Additional Pledgor Debtor hereby expressly assumes, and hereby agrees to perform and observe, each and every one of the covenants, rights, promises, agreements, terms, conditions, obligations, appointments, duties and liabilities of a “PledgorDebtor” under the Securities Pledge Security Agreement and all of the other Loan Documents Papers (as defined in the Credit Agreement) applicable to it as a Pledgor Debtor under the Securities Pledge Security Agreement. By virtue of the foregoing, the Additional Pledgor Debtor hereby accepts and assumes any liability of a Pledgor Debtor related to each representation, warranty, covenant or obligation made by a Pledgor Debtor in the Securities Pledge Security Agreement, and hereby expressly affirms, as of the date hereof, each of such representations, warrantieswarranties (except to the extent that any such representations and warranties expressly relate to an earlier date), covenants and obligations. In connection with the foregoing, the Additional Pledgor Debtor hereby grants to the Administrative Agent Secured Party for the benefit of the Secured Parties Lenders a security interest in, and hereby pledges to the Administrative AgentSecured Party, for the benefit of the Secured PartiesLenders, all of the Pledged Equity Interests Collateral of the Additional Pledgor Debtor on the terms and conditions set forth in the Securities Pledge Security Agreement. (b) All references to the term Pledgor Debtor in the Securities Pledge Security Agreement or in any document or instrument executed and delivered or furnished, or to be executed and delivered or furnished, in connection therewith shall be deemed to be a reference to, and shall include, the Additional PledgorDebtor.

Appears in 1 contract

Samples: Security Agreement (Monro Muffler Brake Inc)

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Assumption and Joinder. (a) The Additional New Pledgor hereby expressly assumes, and hereby agrees to perform and observe, each and every one of the covenants, rights, promises, agreements, terms, conditions, obligations, appointments, duties and liabilities of a “Pledgor” under the Securities Pledge Agreement and all of the other Loan Documents (as defined in the Credit Agreement) applicable to it as a Pledgor under the Securities Pledge Agreement. By virtue of the foregoing, the Additional New Pledgor hereby accepts and assumes any liability of a Pledgor related to each representation, warranty, covenant or obligation made by a Pledgor in the Securities Pledge Agreement, and hereby expressly affirms, as of the date hereof, each of such representations, warranties, covenants and obligations. In connection with the foregoing, the Additional New Pledgor hereby mortgages, pledges and assigns to the Collateral Agent, and grants to the Administrative Collateral Agent for the benefit of the Secured Parties Principal, a continuing security interest in, and hereby pledges to the Administrative Agent, for the benefit of the Secured Partiesa continuing lien upon, all of the Pledged Equity Interests Collateral of the Additional New Pledgor on the terms and conditions set forth in the Securities Pledge Agreement. (b) All references to the term Pledgor in the Securities Pledge Agreement or in any document or instrument executed and delivered or furnished, or to be executed and delivered or furnished, in connection therewith shall be deemed to be a reference to, and shall include, the Additional New Pledgor.

Appears in 1 contract

Samples: Pledge Agreement (Cablevision Systems Corp /Ny)

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