Common use of Assumption by the Company Clause in Contracts

Assumption by the Company. The Company hereby (i) expressly assumes all the obligations of Old OEI for the due and punctual payment of the principal of (and premium, if any, on) and interest on the Securities and the performance and observance of every covenant of the Indenture on the part of Old OEI to be performed or observed, and (ii) succeeds to, and becomes substituted for, and may exercise every right and power of, Old OEI under the Indenture with the same effect as if the Company had originally been named as the issuer of the Securities under the Indenture.

Assumption by the Company. The Company hereby (i) expressly assumes all the obligations of Old OEI for the due and punctual payment of the principal of (and premium, if any, on) and interest on all of the Securities and the performance and observance of every covenant of the Indenture on the part of Old OEI to be performed or observed, and (ii) succeeds to, and becomes substituted for, and may exercise every right and power of, Old OEI under the Indenture with the same effect as if the Company had originally been named as the issuer of the Securities under the Indenture.

Assumption by the Company. The Company hereby (i) expressly assumes all the obligations of Old OEI for the due and punctual payment of the principal of (and premium, if any, on) and interest on the Securities and the performance and observance of every covenant of the Indenture on the part of Old OEI OEI, to be performed or observed, and (ii) succeeds to, and becomes substituted for, and may exercise every right and power of, Old OEI under the Indenture with the same effect as if the Company had originally been named as the issuer of the Securities under the Indenture.

Assumption by the Company. The Company hereby (i) expressly assumes all the obligations of Old OEI for the due and punctual payment of the principal of (and premium, if any, on) and interest on all the Securities and the performance and observance of every covenant of the Indenture on the part of Old OEI to be performed or observed, and (ii) succeeds to, and becomes substituted for, and may exercise every right and power of, Old OEI under the Indenture with the same effect as if the Company had originally been named as the issuer of the Securities under the Indenture.