Common use of Assumption of Obligations by Successor Clause in Contracts

Assumption of Obligations by Successor. Pursuant to Sections 7.01 and 7.02 of the Indenture, the 3 Successor does hereby (i) expressly assume the due and punctual payment of the principal of, the Make-Whole Amount, if any, and interest on all the Notes, according to their tenor, and the due and punctual performance and observance of all of the covenants and conditions of the Indenture and the Notes to be performed or observed by CPI; (ii) agree to succeed to and be substituted for CPI under the Indenture and the Notes with the same effect as if it had been named therein; and (iii) represent that neither CPI nor it is in default in the performance of any such covenant and condition.

Assumption of Obligations by Successor. Pursuant to Sections 7.01 and 7.02 of the Indenture, the 3 Successor does hereby (i) expressly assume the due and punctual 3 payment of the principal of, the Make-Whole Amount, if any, and interest on all the Notes, according to their tenor, and the due and punctual performance and observance of all of the covenants and conditions of the Indenture and the Notes to be performed or observed by CPI; (ii) agree to succeed to and be substituted for CPI under the Indenture and the Notes with the same effect as if it had been named therein; and (iii) represent that neither CPI nor it is in default in the performance of any such covenant and condition.