Common use of Assumption by the Guarantor Clause in Contracts

Assumption by the Guarantor. The Guarantor, or a Subsidiary thereof that is organized and existing under the laws of the United States, any State of the United States or the District of Columbia, may directly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, the due and punctual payment of the principal of and interest on all the Notes and the performance of every covenant of the Indenture on the part of the Issuer to be performed or observed. Upon any such assumption, the Guarantor or such Subsidiary shall succeed to, and be substituted for and may exercise every right and power of, the Issuer under the Indenture with the same effect as if the Guarantor or such Subsidiary had been named as the Issuer herein and the Issuer shall be released from liability as obligor on the Notes.

Assumption by the Guarantor. The Guarantor, or a Subsidiary thereof that is organized and existing under the laws of the United States, any State of the United States or the District of Columbia, may directly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, the due and punctual payment of the principal of and interest on all the Notes and the performance of every covenant of the Indenture on the part of the Issuer Issuer(s) to be performed or observed. Upon any such assumption, the Guarantor or such Subsidiary shall succeed to, and be substituted for and may exercise every right and power of, the Issuer Issuer(s) under the Indenture with the same effect as if the Guarantor or such Subsidiary had been named as the Issuer Issuer(s) herein and the Issuer Issuer(s) shall be released from liability as obligor on the Notes.

Assumption by the Guarantor. The Guarantor, or a Subsidiary thereof that is organized and existing under the laws of the United States, any State of the United States or the District of Columbia, may directly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, the due and punctual payment of the principal of and interest on all the Notes Securities of a series and the performance of every covenant of the this Indenture on the part of the Issuer to be performed or observed. Upon any such assumption, the Guarantor or such Subsidiary shall succeed to, and be substituted for and may exercise every right and power of, the Issuer under the this Indenture with the same effect as if the Guarantor or such Subsidiary had been named as the Issuer herein in the Indenture, and the Issuer shall be released from liability as obligor on the NotesSecurities of such series.

Assumption by the Guarantor. The Any Guarantor, or a Subsidiary thereof that is organized and existing under the laws of the United States, any State of the United States or the District of Columbia, may directly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, the due and punctual payment of the principal of and interest on all the Notes Securities and the performance of every covenant of the this Indenture on the part of the Issuer to be performed or observed. Upon any such assumption, the such Guarantor or such Subsidiary shall succeed to, and be substituted for and may exercise every right and power of, the Issuer under the this Indenture with the same effect as if the such Guarantor or such Subsidiary had been named as the Issuer herein and the Issuer shall be released from liability as obligor on the NotesSecurities.