Common use of Successor or Transferee Clause in Contracts

Successor or Transferee. (a) Upon any consolidation or merger of the Note Issuer in accordance with Section 3.10(a), the Person formed by or surviving such consolidation or merger (if other than the Note Issuer) shall succeed to, and be substituted for, and may exercise every right and power of, the Note Issuer under this Note Indenture with the same effect as if such Person had been named as the Note Issuer herein.

Appears in 10 contracts

Samples: Note Indenture (CEC Funding, LLC), Note Indenture (CEC Funding, LLC), Note Indenture (BEC Funding II, LLC)

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Successor or Transferee. (a) Upon any consolidation ------------------------ or merger of the Note Issuer in accordance with Section 3.10(a), the Person formed by or surviving such consolidation or merger (if other than the Note Issuer) shall succeed to, and be substituted for, and may exercise every right and power of, the Note Issuer under this Note Indenture with the same effect as if such Person had been named as the Note Issuer herein.

Appears in 6 contracts

Samples: Pg&e Funding LLC, Sce Funding LLC, Pg&e Funding LLC

Successor or Transferee. (a) Upon any ------------------------ consolidation or merger of the Note Issuer in accordance with Section 3.10(a), the Person formed by or surviving such consolidation or merger (if other than the Note Issuer) shall succeed to, and be substituted for, and may exercise every right and power of, the Note Issuer under this Note Indenture with the same effect as if such Person had been named as the Note Issuer herein.

Appears in 1 contract

Samples: Sdg&e Funding LLC a De Limited Liability Co

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Successor or Transferee. (a) Upon any consolidation or ----------------------- merger of the Note Issuer in accordance with Section 3.10(a), the Person formed by or surviving such consolidation or merger (if other than the Note Issuer) shall succeed to, and be substituted for, and may exercise every right and power of, the Note Issuer under this Note Indenture with the same effect as if such Person had been named as the Note Issuer herein.

Appears in 1 contract

Samples: Sce Funding LLC

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