ASSUMPTION OF ASSUMED CONTRACTS. Pursuant to the terms and subject to the conditions set forth in this Agreement, effective upon Closing, YHTIÖ shall assign to ICT-FIRMA all of YHTIÖ's rights and obligations under the Assumed Contracts, which are assignable by YHTIÖ to ICT-FIRMA as of the Closing Date, and ICT-FIRMA shall accept such assignment and shall assume all responsibilities and obligations of YHTIÖ under such Assumed Contracts. Following the Closing Date, and pursuant to the terms and conditions set forth in this Agreement, YHTIÖ shall assign to ICT-FIRMA all of YHTIÖ's rights and obligations under, and ICT-FIRMA shall accept such assignment and shall assume all responsibilities and obligations of YHTIÖ under, the Assumed Contracts which are assignable by YHTIÖ to ICT-FIRMA after the Closing Date.
