Common use of Assumption and Joinder Clause in Contracts

Assumption and Joinder. (a) Parent hereby agrees, effective only as of (and subject to the occurrence of) the Closing, (i) to be bound by, perform and observe, the Joint Obligations and (ii) to be jointly and severally liable with the Company (and the Surviving Company) for all of the Joint Obligations.

Assumption and Joinder. (a) Parent hereby agrees, effective only as of (and subject to the occurrence of) the Closing, (i) to be bound by, perform and observe, the Joint Assumed Obligations and (ii) to be jointly and severally liable with the Company (and the Surviving Company) for all of the Joint Assumed Obligations.