Assignment of Indemnity. The obligations of the Surviving Corporation under this Section 11 may be assigned to the Buyer (as such term is defined in the Purchase and Sale Agreement). Upon such assignment by the Surviving Corporation and the express assumption of this Special Environmental Indemnity by Buyer (each on terms satisfactory to Company), Company will release the Surviving Corporation from any obligations under this Section 11 by execution of a release in form and substance reasonably satisfactory to the Surviving Corporation.
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Sources: Subscription Agreement (Echelon International Corp), Merger Agreement (Echelon International Corp)
Assignment of Indemnity. The obligations of the Surviving ----------------------- Corporation under this Section 11 may be assigned to the Buyer (as such term is -- defined in the Purchase and Sale Agreement). Upon such assignment by the Surviving Corporation and the express assumption of this Special Environmental Indemnity by Buyer (each on terms satisfactory to Company), Company will release the Surviving Corporation from any obligations under this Section 11 by -- execution of a release in form and substance reasonably satisfactory to the Surviving Corporation.
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