Literally goes on: to Adopt Undertakings & Covenants.

More context needed. If one debtor substituted for another in a contract, it's called novation:
www.businessdictionary.com/definition/novation-agreement.ht...

If an insurance company steps into the rights of an insured, it's called subrogation. Both are kinds of assignment.

Sample Contracts - Assignment and Assumption Agreement - AHN/FIT ... - [ Traducir esta página ]ASSUMPTION OF ASSUMED LIABILITIES. Assignee hereby expressly assumes and agrees to ... commitment, contract, indenture, instrument, lease, obligation, plan, ...
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Australia, Management Consultancy, Risk Logs, Risk Registers, Risk ... - [ Traducir esta página ]There may already be a commitment to that effect from the customer expressed as an obligation or warranty in the contract. However, the risk to the customer ...
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obligations imposed upon Assignor under, the contracts described on Exhibit A ( the ... fulfill, perform and discharge all the various commitments, ...
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EXERCISE OF SECURITY INTEREST – Assignee assumption of HAP contract obligations. Notwithstanding the contract administrator’s grant of consent to assignment ...
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F.1 of the Social Contract. Those system upgrade commitments include, ... of the rights and the assumption of the obligations of the Social Contract with ...
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Note added at 15 mins (2009-01-17 21:56:22 GMT)
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Note added at 16 mins (2009-01-17 21:56:50 GMT)
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Hi Rosa. Hope this helps you. :))