Common use of Assuming Clause in Contracts

Assuming. (a) the due authorization, execution and delivery of the Capital Securities Guarantee Agreement by Dominion and (b) the due execution of the Capital Securities Guarantee Agreement by the Guarantee Trustee, the Capital Securities Guarantee constitutes a valid and legally binding obligation of Dominion, enforceable against Dominion in accordance with its terms.

Appears in 2 contracts

Sources: Underwriting Agreement (Dominion Resources Inc /Va/), Underwriting Agreement (Dominion Resources Capital Trust Iv)