Assumption of Obligations. The Assignee agrees with the Assignor (for the express benefit of the Assignor and the Borrower) that the Assignee will, from and after the Assignment Date, perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's obligations in respect of the Assigned Interest, and (b) the Assignee shall be entitled to all of the Assignor's rights, powers and privileges under the Credit Agreement and the other Security Instruments in respect of the Assigned Interest.
Appears in 12 contracts
Samples: Revolver Loan Agreement (Energy 11, L.P.), Revolver Loan Agreement (Energy Resources 12, L.P.), Credit Agreement (Petrocorp Inc)
Assumption of Obligations. The Assignee agrees with the Assignor (for the express benefit of the Assignor and the Borrower) that the Assignee will, from and after the Assignment Date, perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's obligations in respect of the Assigned Interest, and (b) the Assignee shall be entitled to all of the Assignor's rights, powers and privileges under the Credit Agreement and the other Security Instruments Loan Documents in respect of the Assigned Interest.
Appears in 9 contracts
Samples: Credit Agreement (Buckeye Partners L P), Credit Agreement (Buckeye Partners L P), Credit Agreement (Howell Corp /De/)
Assumption of Obligations. The Assignee agrees with the Assignor (for the express benefit of the Assignor and the Borrower) that the Assignee will, from and after the Assignment Date, assume and perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's ’s obligations in respect of the Assigned Interest, and (b) the Assignee shall be entitled to all of the Assignor's ’s rights, powers and privileges under the Credit Agreement and the other Security Instruments Loan Documents in respect of the Assigned Interest.
Appears in 7 contracts
Samples: Credit Agreement (Contango Oil & Gas Co), Credit Agreement (Primeenergy Corp), Credit Agreement (Primeenergy Corp)
Assumption of Obligations. The Assignee agrees with the Assignor (for the express benefit of the Assignor and the Borrower) that the Assignee will, from and after the Assignment Date, perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's ’s obligations in respect of the Assigned Interest, and (b) the Assignee shall be entitled to all of the Assignor's ’s rights, powers and privileges under the Credit Agreement and the other Security Instruments in respect of the Assigned Interest.
Appears in 5 contracts
Samples: Credit Agreement (Callon Petroleum Co), Credit Agreement (Callon Petroleum Co), Credit Agreement (Georesources Inc)
Assumption of Obligations. The Assignee agrees with the Assignor (for the express benefit of the Assignor and the Borrower) that the Assignee will, from and after the Assignment Date, perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's obligations in respect of the Assigned Interest, and (b) the Assignee shall be entitled to all of the Assignor's rights, powers and privileges under the Credit Agreement and the other Security Instruments in respect of the Assigned Interest.
Appears in 5 contracts
Samples: Revolving Credit Agreement (Ashland Inc), Revolving Credit Agreement (Ashland Inc), 364 Day Revolving Credit Agreement (Ashland Inc)
Assumption of Obligations. The Assignee agrees with the Assignor (for the express benefit of the Assignor and the Borrower) that the Assignee will, from and after the Assignment Date, perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's obligations in respect of the Assigned Interest, and (b) the Assignee shall be entitled to all of the Assignor's rights, powers and privileges under the Credit Agreement and the other Security Instruments Documents in respect of the Assigned Interest.
Appears in 4 contracts
Samples: Subordinated Credit Agreement (Vaalco Energy Inc /De/), Subordinated Credit Agreement (Vaalco Energy Inc /De/), Subordinated Credit Agreement (1818 Fund Lp Brown Brothers Harriman Co Long T Michael Et Al)
Assumption of Obligations. The Assignee agrees with the Assignor (for the express benefit of the Assignor and the Borrower) that the Assignee will, from and after the Assignment Date, perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's ’s obligations in respect of the Assigned Interest, and (b) the Assignee shall be entitled to all of the Assignor's ’s rights, powers and privileges under the Credit Agreement and the other Security Instruments Loan Documents in respect of the Assigned Interest.
Appears in 2 contracts
Samples: Credit Agreement (Buckeye GP Holdings L.P.), Credit Agreement (Buckeye Partners L P)
Assumption of Obligations. The Assignee agrees with the Assignor (for the express benefit of the Assignor and the Applicable Borrower) that the Assignee will, from and after the Assignment Date, perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's ’s obligations in respect of the Assigned Interest, and (b) the Assignee shall be entitled to all of the Assignor's ’s rights, powers and privileges under the Credit Agreement and the other Security Instruments in respect of the Assigned Interest.
Appears in 2 contracts
Samples: Senior Secured Credit Agreement (Universal Compression Holdings Inc), Senior Secured Credit Agreement (Exterran Holdings Inc.)
Assumption of Obligations. The Assignee agrees with the Assignor (for ------------------------- the express benefit of the Assignor and the Borrower) that the Assignee will, from and after the Assignment Date, assume and perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's obligations in respect of the Assigned Interest, and (b) the Assignee shall be entitled to all of the Assignor's rights, powers and privileges under the Credit Agreement and the other Security Instruments Loan Documents in respect of the Assigned Interest.
Appears in 2 contracts
Samples: Credit Agreement (Sheridan Energy Inc), Credit Agreement (Southern Mineral Corp)
Assumption of Obligations. The Assignee agrees with the Assignor (for the express benefit of the Assignor and the Borrower) that the Assignee will, from and after the Assignment Date, perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's obligations in respect of the Assigned Interest, and (b) except as provided in the Credit Agreement, Assignee shall be entitled to all of the Assignor's rights, powers and privileges under the Credit Agreement and the other Security Instruments loan documents in respect of the Assigned Interest.
Appears in 1 contract
Assumption of Obligations. The Assignee agrees with the Assignor (for the express benefit of the Assignor and the Borrower) that the Assignee will, from and after the Assignment Date, perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's ’s obligations in respect of the Assigned Interest, and (b) the Assignee shall be entitled to all of the Assignor's ’s rights, powers and privileges under the Credit Agreement and the other Security Instruments Loan Documents in respect of the Assigned Interest.
Appears in 1 contract
Samples: Credit Agreement (Isramco Inc)
Assumption of Obligations. The Assignee agrees with the ------------------------- Assignor (for the express benefit of the Assignor and the Borrower) that the Assignee will, from and after the Assignment Date, perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's obligations in respect of the Assigned Interest, and (b) the Assignee shall be entitled to all of the Assignor's rights, powers and privileges under the Credit Agreement and the other Security Instruments in respect of the Assigned Interest.
Appears in 1 contract
Samples: Credit Agreement (Aroc Inc)
Assumption of Obligations. The Assignee agrees with the ------------------------- Assignor (for the express benefit of the Assignor and the Borrower) that the Assignee will, from and after the Assignment Date, perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's obligations in respect of the Assigned Interest, and (b) the Assignee shall be entitled to all of the Assignor's rights, powers and privileges under the Credit Agreement and the other Security Instruments Loan Documents in respect of the Assigned Interest.
Appears in 1 contract
Assumption of Obligations. The Assignee agrees with the Assignor (for the express benefit of the Assignor and the BorrowerBorrowers) that the Assignee will, from and after the Assignment Date, perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's obligations in respect of the Assigned Interest, ; and (b) except as provided in the Credit Agreement Assignee shall be entitled to all of the Assignor's rights, powers powers, and privileges under the Credit Agreement and the other Security Instruments Loan Documents in respect of the Assigned Interest.
Appears in 1 contract
Assumption of Obligations. The Assignee Each of the Assignees agrees with the Assignor (for the express benefit of the Assignor and the Borrower) that the such Assignee will, from and after the Assignment Date, assume and perform all of the obligations of the Assignor in respect of the Assigned InterestInterest of the relevant Assignee. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's its obligations in respect of the Assigned Interest, Interests and (b) each of the Assignee Assignees shall be entitled to all of the Assignor's ’s respective rights, powers and privileges under the Credit Agreement and the other Security Instruments Loan Documents in respect of the Assigned InterestInterest of the relevant Assignee.
Appears in 1 contract
Assumption of Obligations. The Assignee agrees with the Assignor (for the express benefit of the Assignor and the Borrower) that the Assignee will, from and after the Assignment Date, assume and perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's obligations in respect of the Assigned Interest, and (b) the Assignee shall be entitled to all of the Assignor's rights, powers and privileges under the Credit Agreement and the other Security Instruments Loan Documents in respect of the Assigned Interest.
Appears in 1 contract
Samples: Credit Agreement (Primeenergy Corp)
Assumption of Obligations. The Assignee agrees with the Assignor (for the express benefit of the Assignor and the Borrower) that the Assignee will, from and after the Assignment Date, perform all of the obligations of the Assignor in respect of the Assigned Interest. From and after the Assignment Date: (a) the Assignor shall be released from the Assignor's obligations in respect of the Assigned Interest, and (b) the Assignee shall be entitled to all of the Assignor's rights, powers and privileges under the Credit Term Loan Agreement and the other Security Instruments in respect of the Assigned Interest.
Appears in 1 contract
