Common use of Assuming Clause in Contracts

Assuming. (a) the due authorization, execution and issuance of the Senior Notes by the Company and (b) the due authentication by the Trustee, upon payment and delivery of the PIES in accordance with the Underwriting Agreement, the Senior Notes will constitute valid and legally binding obligations of the Company, enforceable against the Company in accordance with their terms and entitled to the benefits of the Indenture.

Assuming. (a) the due authorization, execution and issuance of the Senior Notes by the Company and (b) the due authentication by the Trustee, upon payment and delivery of the PIES SPUS in accordance with the Underwriting Agreement, the Senior Notes will constitute valid and legally binding obligations of the Company, enforceable against the Company in accordance with their terms and entitled to the benefits of the Indenture.