Common use of Express Assumption Clause in Contracts

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.