Common use of Assumption of Contracts Clause in Contracts

Assumption of Contracts. From and after the Effective Time, Synergy assumes, will be bound by, and agrees to perform all express and implied covenants and obligations of PEM relating to the Assets, whether arising under (i) the Leases, prior assignments of the Leases, the Contracts, the easements, the permits or any other contractually-binding arrangements to which the Assets (or any component thereof) may be subject and which will be binding on PEM and/or the Assets (or any component thereof) after the Closing or (ii) any applicable laws, ordinances, rules and regulations of any governmental or quasi-governmental authority having jurisdiction over the Assets.

Assumption of Contracts. From and after the Effective TimeTime and Date, Synergy assumes, will be bound by, and agrees to perform all express and implied covenants and obligations of PEM relating to the Assets, whether arising under (i) the Leases, prior assignments of the Leases, the Contracts, the easements, the permits or any other contractually-binding arrangements to which the Assets (or any component thereof) may be subject and which will be binding on PEM and/or the Assets (or any component thereof) after the Closing or (ii) any applicable laws, ordinances, rules and regulations of any governmental or quasi-governmental authority having jurisdiction over the Assets.

Assumption of Contracts. From and after the Effective Time, Synergy assumes, will be bound by, and agrees to perform all express and implied covenants and obligations of PEM PM relating to the Assets, whether arising under (i) the Leases, prior assignments of the Leases, the Contracts, the easements, the permits or any other contractually-binding arrangements to which the Assets (or any component thereof) may be subject and which will be binding on PEM PM and/or the Assets (or any component thereof) after the Closing or (ii) any applicable laws, ordinances, rules and regulations of any governmental or quasi-governmental authority having jurisdiction over the Assets.