Common use of Assumption of Indenture Obligations Clause in Contracts

Assumption of Indenture Obligations. Pursuant to Section 9.01 of the Indenture, the Issuer hereby expressly assumes, as of the Effective Date (as defined below), all of the Indenture Obligations. The Issuer assumes, as of the Effective Date, from the Original Issuer the obligation to make due and punctual payment of the principal of and interest on all the Securities and Coupons, if any, according to their tenor, and the due and punctual performance and observance of all of the covenants and conditions of the Indenture to be performed or observed by the Original Issuer.

Appears in 2 contracts

Samples: Supplemental Indenture (RBS Holdings N.V.), Supplemental Indenture (Royal Bank of Scotland Group PLC)

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Assumption of Indenture Obligations. Pursuant to Section 9.01 of the Base Indenture, the Issuer hereby expressly assumes, as of the Effective Date (as defined below), all of the Indenture Obligations. The Issuer assumes, as of the Effective Date, from the Original Issuer the obligation to make due and punctual payment of the principal of and interest on all the Securities and CouponsSecurities, if any, according to their tenor, and the due and punctual performance and observance of all of the covenants and conditions of the Base Indenture to be performed or observed by the Original Issuer.

Appears in 2 contracts

Samples: First Supplemental Indenture (RBS Holdings N.V.), First Supplemental Indenture (Royal Bank of Scotland Group PLC)

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