Common use of New Parent Clause in Contracts

New Parent. New Parent hereby agrees, as of the date hereof, to be bound by the terms of, and subject to the conditions set forth in, the Indenture as if it were the Original Parent thereunder (so that from and after the date hereof, the provisions of the Notes and the Indenture referring to the Original Parent (in each case, referred to as the “Parent” therein) shall instead refer to the New Parent).

Appears in 2 contracts

Sources: Second Supplemental Indenture (Permian Resources Corp), Second Supplemental Indenture (Permian Resources Corp)