Common use of Assumption of Obligations; Substitution Clause in Contracts

Assumption of Obligations; Substitution. (a) Pursuant to, and in compliance and accordance with, Section 8.1 of the Indenture and simultaneously with the effectiveness of the Asset Transfer, the Successor Company hereby expressly assumes the due and punctual payment of the principal of, and any premium and interest on all the Securities and the performance of every covenant of the Indenture on the part of the Predecessor Company as Issuer under the Indenture. (b) Pursuant to Section 8.2 of the Indenture and simultaneously with the effectiveness of the Asset Transfer, the Successor Company shall succeed to and be substituted for, and may exercise every right and power of, the Predecessor Company under the Indenture, with the same effect as if the Successor Company had been named as the Issuer in the Indenture.

Assumption of Obligations; Substitution. (a) Pursuant to, and in compliance and accordance with, Section 8.1 6.01 of the Indenture and simultaneously with the effectiveness of the Asset Transfer, the Successor Company hereby expressly assumes the due and punctual payment of the principal of, and any premium of and interest on all the Securities and the performance of every covenant of the Indenture on the part of the Predecessor Company as Issuer under the Indenture. (b) Pursuant to Section 8.2 6.02 of the Indenture and simultaneously with the effectiveness of the Asset Transfer, the Successor Company shall succeed to and be substituted for, and may exercise every right and power of, the Predecessor Company under the Indenture, with the same effect as if the Successor Company had been named as the Issuer in the Indenture.

Assumption of Obligations; Substitution. (a) Pursuant to, and in compliance and accordance with, Section 8.1 of the Indenture and simultaneously with the effectiveness of the Asset Transfer, the Successor Company hereby expressly assumes the due and punctual payment of the principal of, of and any premium and interest (including, without limitation, any Additional Interest) on all the Securities and the performance of every covenant of the Indenture on the part of the Predecessor Company as Issuer the Company under the Indenture. (b) Pursuant to Section 8.2 of the Indenture and simultaneously with the effectiveness of the Asset TransferIndenture, the Successor Company shall succeed to and be substituted for, and may exercise every right and power of, the Predecessor Company under the Indenture, with the same effect as if the Successor Company had been named as the Issuer Company in the Indenture.