Common use of Delivery of New Note Clause in Contracts

Delivery of New Note. At the request of PCJL and upon the surrender of the Note to Assignee, Assignee shall execute a new promissory note evidencing the Assumed Obligations that shall be substantially similar to the Note, other than such modifications as are required to evidence Assignee's assumption of the Assigned Obligations. SECTION 8.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Pepco Holdings Inc), Assignment and Assumption Agreement (Pepco Holdings Inc)

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Delivery of New Note. At the request of PCJL and upon the surrender of the Note to Assignee, Assignee shall execute a new promissory note evidencing the Assumed Obligations that shall be in substantially similar to the form of the Note, other than such modifications as are required to evidence Assignee's assumption of the Assigned Obligations. SECTION 8.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Pepco Holdings Inc), Assignment and Assumption Agreement (Pepco Holdings Inc)

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