Assumption by the Company. The Company hereby assumes the obligations of the Issuer for the due and punctual payment of the principal of, premium, if any, and interest on all outstanding Notes issued pursuant to the Indenture and the performance and observance of each other obligation and covenant set forth in the Indenture to be performed or observed on the part of the Issuer. The Company is hereby substituted for, and may exercise every right and power of, the Issuer under the Indenture with the same effect as if the Company had been named as the Issuer in the Indenture, and the Company is a Successor Issuer 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 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 Old Ocean's obligations for the prompt and punctual payment of the principal of and interest, if any, on 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 Old Ocean, and (ii) succeeds to, and becomes substituted for, and may exercise every right and power of Old Ocean 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 of the covenants and other obligations of Old OEI under the Securities and the Indenture, 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 covenants and agrees that as the Surviving Entity, it shall be liable for all the obligations of Colorado Corp. outstanding as of the Effective Time and hereby expressly assumes all such obligations as of the Effective Time.
Assumption by the Company. (a) The Company hereby assumes and agrees to perform, effective as of the date of this Agreement, all of the duties and obligations of the Owner Lessor under the Facility Agreements for each Unit arising or relating to the period prior to the Lessor Possession Date for such Unit.
Assumption by the Company. The Company hereby assumes the obligations of Xxxxx Two for the due and punctual payment of the principal of, premium, if any, and interest on all Outstanding Notes issued pursuant to the Indenture and the performance and observance of each other obligation and covenant set forth in the Indenture to be performed or observed on the part of Xxxxx Two. The Company is hereby substituted for, and may exercise every right and power of, Xxxxx Two under the Indenture with the same effect as if the Company had been named as Xxxxx Two in the Indenture, and the Company is a successor company under the Indenture.
Assumption by the Company. The Company covenants and agrees that as the Surviving Entity, it shall be liable for all the obligations of Falcon outstanding as of the Effective Time and hereby expressly assumes all such obligations as of the Effective Time.
Assumption by the Company. 1.1 The Company hereby assumes all the obligations of Continental under the Securities and the Indenture.
Assumption by the Company. The Company hereby assumes the Escrow Issuer’s obligations for the due and punctual payment of the principal of and interest, Applicable Premium, if any, and Additional Interest, if any, on all Securities issued pursuant to the Indenture and the performance and observance of each other obligation and covenant set forth in the Indenture to be performed or observed on the part of the Escrow Issuer. The Company is hereby substituted for, and may exercise every right and power of, the Escrow Issuer under the Indenture with the same effect as if the Company had been named as the Issuer in the Indenture, and the Company is a successor corporation under the Indenture.
