Assumption and Retention of Liabilities. Effective as of the Closing Date, the Company or one of its Post-Closing Subsidiaries shall assume and pay, perform and discharge (when due and payable) the Company Liabilities, and St. Xxxx shall retain and, pay, perform and discharge (when due and payable) the St. Xxxx Liabilities.
Appears in 6 contracts
Samples: Formation and Separation Agreement (Platinum Underwriters Holdings LTD), Formation and Separation Agreement (Platinum Underwriters Holdings LTD), Formation and Separation Agreement (Platinum Underwriters Holdings LTD)
Assumption and Retention of Liabilities. Effective as of the Closing Date, the Company or one of its Post-Closing Subsidiaries shall assume and pay, perform and discharge (when due and payable) the Company Liabilities, and St. Xxxx shall retain and, pay, perform and discharge (when due and payable) the St. Xxxx Liabilities.St.
Appears in 1 contract
Samples: Formation and Separation Agreement (Platinum Underwriters Holdings LTD)
