Common use of Express Assumption Clause in Contracts

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.