Common use of 08Divisions Clause in Contracts

08Divisions. For all purposes under the Loan Documents, in connection with any division or plan or division under Delaware law (or any comparable event under a different jurisdiction’s law): (a) if any asset, right, obligation or liability on any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time.

08Divisions. For all purposes under the Loan Documents, in connection with any division or plan or division under Delaware law (or any comparable event under a different jurisdiction’s law): (a) if any asset, right, obligation or liability on any Person becomes the asset, right, obligation or liability ​ ​ of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time.

08Divisions. For all purposes under the Loan Documents, in connection with any division or plan or of division under Delaware law (or any comparable event under a different jurisdiction’s lawlaws): (a) if any asset, right, obligation or liability on of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized and acquired on the first date of its existence by the holders of its Equity Interests equity interests at such time.

08Divisions. For all purposes under the Loan Documents, in connection with any division or plan or of division under Delaware law (or any comparable event under a different jurisdiction’s lawlaws): (a) if any asset, right, obligation or liability on of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from to the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time.

08Divisions. For all purposes under the Loan Documents, in connection with any division or plan or of division under Delaware law (or any comparable event under a different jurisdiction’s lawlaws): (a) if any asset, right, obligation or liability on of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time.

08Divisions. For all purposes under the Loan Documents, in connection with any division or plan or of division under Delaware law (or any comparable event under a different jurisdiction’s law): ​ ​ laws), (a) if any asset, right, obligation or liability on of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests equity interests at such time.

08Divisions. For all purposes under the Loan Documents, in connection with any division or plan or of division under Delaware law (or any comparable event under a different jurisdiction’s lawlaws): (a) if any asset, right, obligation or liability on of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized and acquired on the first date of its existence by the holders of its Equity Interests at such time.