Mutual Acceptance. Baudax unconditionally accepts the assignment, conveyance and transfer of the Assigned Rights and Obligations and, without limiting the foregoing, assumes and agrees to satisfy, pay, perform and discharge, as and when due, all of the Assumed Obligations (as defined in Exhibit A of this Agreement) whether occurring on, before or after the Effective Time.
Appears in 3 contracts
Sources: Partial Assignment, Assumption and Bifurcation Agreement (Recro Pharma, Inc.), Partial Assignment, Assumption and Bifurcation Agreement (Baudax Bio, Inc.), Partial Assignment, Assumption and Bifurcation Agreement