Common use of Joinder and Assumption of Obligations Clause in Contracts

Joinder and Assumption of Obligations. Effective as of the date of this Joinder, the New [Borrower/Facility Guarantor] hereby acknowledges that the New [Borrower/Facility Guarantor] has received and reviewed a copy of the Credit Agreement and the other Loan Documents, and acknowledges and agrees to: a. join in the execution of, and become a party to, the Credit Agreement and the other Loan Documents as a [Borrower/Facility Guarantor], as indicated with its signature below; b. be bound by all representations, warranties, covenants, agreements, liabilities and acknowledgments of a [Borrower/Facility Guarantor] under the Credit Agreement and the other Loan Documents, in each case, with the same force and effect as if such New [Borrower/Facility Guarantor] was a signatory to the Credit Agreement and the other Loan Documents and was expressly named as a [Borrower/Facility Guarantor] therein; and c. assume all rights and interests and perform all applicable duties and Obligations under the Credit Agreement and the other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Toys R Us Inc), Credit Agreement (Toys R Us Inc)

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Joinder and Assumption of Obligations. Effective as of the date of this Joinder, the New [Borrower/Facility Guarantor] hereby acknowledges that the New [Borrower/Facility Guarantor] has received and reviewed a copy copies of the Credit Agreement and the other Loan Documents, and acknowledges and agrees tohereby: a. join joins in the execution of, and become becomes a party to, the Credit Agreement and the other Loan Documents as a [Borrower/Facility Guarantor], as indicated with by its signature below; b. covenants and agrees to be bound by all representations, warranties, covenants, agreements, liabilities and acknowledgments (other than covenants, agreements, liabilities and acknowledgments which specifically relate solely to an earlier date) of a [Borrower/Facility Guarantor] under the Credit Agreement and the other Loan Documents, in each case, with the same force and effect as if such New [Borrower/Facility Guarantor] was a signatory to the Credit Agreement and the other Loan Documents and was expressly named as a [Borrower/Facility Guarantor] therein; and c. assume all rights assumes and interests and agrees to perform all applicable duties and Obligations of a Loan Party under the Credit Agreement and the other Loan Documents.

Appears in 1 contract

Samples: Assignment and Acceptance (Michaels Stores Inc)

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Joinder and Assumption of Obligations. Effective as of the date of this Joinder, the New [Borrower/Facility Guarantor] hereby acknowledges that the New [Borrower/Facility Guarantor] has received and reviewed a copy of the Credit Loan Agreement and the other Loan Documents, and acknowledges and agrees tohereby: a. join (a) joins in the execution of, and become becomes a party to, the Credit Loan Agreement and the other Loan Documents as a [Borrower/Facility Guarantor]] thereunder, as indicated with its signature below; b. (b) covenants and agrees to be bound by all representations, warranties, covenants, agreements, liabilities and acknowledgments of a [Borrower/Facility Guarantor] under the Credit Loan Agreement and the other Loan DocumentsDocuments as of the date hereof (other than covenants, agreements, liabilities and acknowledgments that relate solely to an earlier date), in each case, with the same force and effect as if such the New [Borrower/Facility Guarantor] was a signatory to the Credit Loan Agreement and the other Loan Documents and was expressly named as a [Borrower/Facility Guarantor] therein; and c. assume all rights and interests and perform all applicable duties and Obligations under the Credit Agreement and the other Loan Documents.;

Appears in 1 contract

Samples: Term Loan Agreement (Coldwater Creek Inc)

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