ASSUMPTION AGREEMENTAssumption Agreement |
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EDGEN MURRAY LTD | EDGEN MURRAY CORPORATION | EDGEN MURRAY EUROPE LIMITED | Edgen Murray II, LP | EQUIPMENT, INC | JPMORGAN CHASE BANK, NA. RealDealDocs™ contains millions of easily searchable legal documents and clauses from top law firms. Search for free - click here. |
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Exhibit 10.11h
ASSUMPTION AGREEMENT
THIS ASSUMPTION AGREEMENT, dated as of September 21, 2007, by EQUIPMENT, INC. , a Texas corporation (the “ Additional Grantor ”), in favor of JPMORGAN CHASE BANK, N.A. , as the Administrative Agent (in such capacity, the “ Administrative Agent ”), for the banks and other financial institutions (the “ Lenders ”) parties to the Credit Agreement referred to below. All capitalized terms not defined herein shall have the meaning ascribed to them in such Credit Agreement.
W I T N E S S E T H:
WHEREAS, EDGEN MURRAY CORPORATION , a Nevada corporation (the “ Company ”), EDGEN MURRAY CANADA , an Alberta corporation (“ Edgen Canada ”), EDGEN MURRAY EUROPE LIMITED , a limited company incorporated under the laws of England and Wales with registered number 01241058 (“ Edgen UK ,” together with the Company, Edgen Canada and any other entity that may become a party hereto as provided herein, the “ Borrowers ” and, each individually, a “ Borrower ”), the Lenders, the Administrative Agent and the Issuing Bank, have entered into a Credit Agreement, dated as of May 11, 2007 (as amended, supplemented or otherwise modified from time to time, the “ Credit Agreement ”);
WHEREAS, in connection with the Credit Agreement, the Company, Edgen Murray II, L.P., a Delaware limited partnership, Edgen Murray LLC, a Delaware limited liability company, and certain other parties from time to time as “Grantors” thereunder (other than the Additional Grantor) have entered into the Pledge and Security Agreement, dated as of May 11, 2007 (as amended, supplemented or otherwise modified from time to time, the “ US Security Agreement ”) in favor of the Administrative Agent for the ratable benefit of the Agents, Lenders and Other Secured Parties;
WHEREA
