Express Assumption Clause Samples
An Express Assumption clause explicitly states that one party agrees to take on certain risks or responsibilities under a contract. This clause typically identifies specific obligations or liabilities that the party is knowingly accepting, such as assuming the risk of loss, damage, or regulatory compliance. By clearly outlining these assumed risks, the clause ensures that both parties understand who is responsible for particular outcomes, thereby reducing ambiguity and potential disputes over liability.
Express Assumption. The Company hereby acknowledges and agrees that as a result of it being the surviving corporation in the Merger with MT Acquisition it has succeeded to all the obligations of MT Acquisition under the Notes and the Indenture. The Company hereby expressly assumes all the obligations of MT Acquisition under the Notes and the Indenture.
Express Assumption. Centennial hereby acknowledges and agrees that as a result of it being the surviving corporation in the Merger with Finance Corp. it has succeeded to all the obligations of Finance Corp. under the Notes and the Indenture. Centennial hereby expressly assumes all the covenants, agreements, terms, conditions, obligations, appointments, duties and liabilities of Finance Corp. under the Notes and the Indenture and acknowledges that all references to Finance Corp. in the Indenture shall be deemed to be references to Centennial from and after the date and time of this Assumption Agreement. Centennial shall perform and observe all the covenants, agreements, terms, conditions, obligations, appointments, duties and liabilities of "Finance Corp." under the Indenture from and after the date hereof. The references to "Centennial" in the Indenture shall not be affected by this Assumption Agreement.
Express Assumption. From and after the Effective Time, the Company hereby expressly assumes the due and punctual payment of the principal of (and premium or Make-Whole Amount, if any) and any interest (including all Additional Amounts, if any, payable pursuant to Section 1011 of the Indenture) on all of the Securities, according to their tenor, and the due and punctual performance and observance of all of the covenants and conditions of the Indenture to be performed by the Company. Upon such assumption, all references to "the Company" in the Indenture and in any Security shall be deemed to refer to Equity One, Inc., a Maryland corporation, as successor by merger to IRT.
Express Assumption. The Company hereby expressly assumes the due and punctual performance and observance of all of the covenants and conditions of the Indenture to be performed by Data General.
Express Assumption. Pursuant to Section 8.01(1) of the Indenture, PLC hereby expressly (i) assumes the due and punctual payment of the principal of (and premium, if any), any interest on and any other payments with respect to all the Debt Securities and the performance of every covenant of the Indenture on the part of Unilever N.V. to be performed or observed, and the due and punctual performance of the Guarantees on the part of Unilever N.V., and (ii) agrees to make payments under such Guarantees free of any deduction or withholding for or on account of taxes, levies, imposts and charges of the country of its incorporation (or any political subdivision or taxing authority thereof or therein) in a manner equivalent to the form of Guarantee set forth in Sections 2.02 and of the Indenture, subject to the exceptions, if any, contained in such form.
Express Assumption. The Corporation shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Corporation, by written agreement, to assume expressly and agree to perform this Agreement in the same manner and to the same
Express Assumption. 17 Section 8.3 Nonassignability by the Executive............... 18 Section 8.4 Entire Agreement; Binding Agreement............. 18 Section 8.5 Severability.................................... 18 Section 8.6 Amendment; Waiver............................... 19 Section 8.7