Common use of Assumption of POA Clause in Contracts

Assumption of POA. The Assignee hereby accepts this assignment contained in Section 2 hereof and covenants and agrees with the Assignor that, from and after the date hereof, the Assignee assumes and is responsible for and will perform, observe, satisfy, discharge and pay as and when due the obligations and liabilities of the Assignor under the POA arising from and after the date hereof.

Assumption of POA. The Assignee hereby accepts this assignment contained in Section 2 hereof of this Agreement and covenants and agrees with the Assignor that, from and after the date hereof, the Assignee assumes and is responsible for and will perform, observe, satisfy, discharge discharge, and pay as and when due the obligations and liabilities of the Assignor under the POA arising from and after the date hereof.