Common use of Assumption by CGG Clause in Contracts

Assumption by CGG. By its execution of this Amendment, pursuant to Section 11(c) of the Agreement, and conditioned upon the occurrence of the Closing under the Merger Agreement, CGG , the ultimate Parent Company, hereby agrees to assume and perform the obligations of the Employer through one or more of its subsidiaries including Volnay Acquisition Co. I and Volnay Acquisition Co. II, pursuant to the Agreement for periods from and after the CIC Date, including without limitation, the obligation to provide the payments and benefits pursuant to Section 6(e).