Amalgamation/Merger. If any Grantor amalgamates or merges with one or more other entities, the Obligations and the security interest granted to the Collateral Agent pursuant to this Agreement shall continue as to the Obligations and the Collateral of such Grantor at the time of amalgamation or merger, and shall extend to the Obligations and the present and future Collateral of the amalgamated or merged entity, and the term Grantor shall extend to the amalgamated or merged entity, all as if the amalgamated or merged entity had executed this Agreement as such Grantor.
Appears in 2 contracts
Samples: Credit Agreement (Performance Sports Group Ltd.), Security Agreement (Performance Sports Group Ltd.)
Amalgamation/Merger. If any Grantor Pledgor amalgamates or merges with one or more other entities, the Obligations and the security interest granted to the Collateral Agent pursuant to this Agreement shall continue as to the Obligations and the Collateral of such Grantor at the time of amalgamation or merger, and shall extend to the Obligations and the present and future Collateral of the amalgamated or merged entity, and the term Grantor shall extend to the amalgamated or merged entity, all as if the amalgamated or merged entity had executed this Agreement as such Grantor.
Appears in 2 contracts
Samples: Security Agreement (Performance Sports Group Ltd.), Credit Agreement (Performance Sports Group Ltd.)