Common use of Assumption of Debt Clause in Contracts

Assumption of Debt. With respect to the debt issued by CapStar under indentures qualified under the Trust Indenture Act of 1939 (the "INDENTURES"), AGH shall execute and deliver to the trustees under the respective Indentures, Supplemental Indentures, in form satisfactory to the respective trustees, expressly assuming the obligations of CapStar with respect to the due and punctual payment of the principal of and interest, if any, on all debt securities issued by CapStar under the respective Indentures and the due and punctual performance of all the terms, covenants and conditions of the respective Indentures to be kept or performed by CapStar, and shall deliver such Supplemental Indentures to the respective trustees under the Indenture.

Appears in 2 contracts

Sources: Merger Agreement (American General Hospitality Corp), Merger Agreement (Capstar Hotel Co)