Common use of Extent of Lien Hereof on Property of Successor Corporation Clause in Contracts

Extent of Lien Hereof on Property of Successor Corporation. Unless, in the case of a consolidation, merger, conveyance or other transfer contemplated by Section 13.01, the indenture supplemental hereto contemplated in clause (a) in Section 13.01, or any other indenture, contains a grant, conveyance, transfer and mortgage by the Successor Corporation as described in subclause (B) thereof, neither this Indenture nor such supplemental indenture shall become or be, or be required to become or be, a Lien upon any of the properties: (a) owned by the Successor Corporation or any other party to such transaction (other than the Company) immediately prior to the time of effectiveness of such transaction or (b) acquired by the Successor Corporation at or after the time of effectiveness of such transaction, except, in either case, Mortgaged Property acquired from the Company in or as a result of such transaction and, to the extent not constituting Excepted Property, improvements, extensions and additions to such properties and renewals, replacements and substitutions of or for any part or parts thereof.

Appears in 4 contracts

Samples: Indenture of Mortgage (PG&E Corp), Indenture of Mortgage (PG&E Corp), Indenture of Mortgage (PG&E Corp)

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Extent of Lien Hereof on Property of Successor Corporation. Unless, in the case of a consolidation, merger, conveyance or other transfer contemplated by Section 13.01, the indenture supplemental hereto contemplated in clause (ab)(ii) in Section 13.01, or any other indenture, contains a grant, conveyance, transfer and mortgage by the Successor Corporation as described in subclause (B) thereof, neither this Indenture nor such supplemental indenture shall become or be, or be required to become or be, a Lien upon any of the properties: (a) owned by the Successor Corporation or any other party to such transaction (other than the Company) immediately prior to the time of effectiveness of such transaction or (b) acquired by the Successor Corporation at or after the time of effectiveness of such transaction, except, in either case, Mortgaged Property properties acquired from the Company in or as a result of such transaction and, to the extent not constituting Excepted Property, and improvements, extensions and additions to such properties and renewals, replacements and substitutions of or for any part or parts thereof.

Appears in 3 contracts

Samples: First Mortgage Indenture (Allegheny Energy, Inc), General and Refunding Mortgage Indenture (Nevada Power Co), General and Refunding Mortgage Indenture (Nevada Power Co)

Extent of Lien Hereof on Property of Successor Corporation. Unless, in the case of a consolidation, merger, conveyance or other transfer contemplated by Section 13.0112.01, the indenture supplemental hereto contemplated in clause (aa)(ii) in Section 13.0112.01, or any other indenture, contains a grant, conveyance, transfer and mortgage by the Successor Corporation as described in subclause (B) thereof, neither this Indenture nor such supplemental indenture shall become or be, or be required to become or be, a Lien upon any of the properties: (a) owned by the Successor Corporation or any other party to such transaction (other than the Company) immediately prior to the time of effectiveness of such transaction transaction; or (b) acquired by the Successor Corporation at or after the time of effectiveness of such transaction, except, in either case, Mortgaged Property properties acquired from the Company in or as a result of such transaction and, to the extent not constituting Excepted Property, and improvements, extensions and additions to such properties and renewals, replacements and substitutions of or for any part or parts thereof.

Appears in 2 contracts

Samples: Bond Indenture, Mortgage, Deed of Trust, Security Agreement (Aquila Inc), Indenture of Mortgage and Deed of Trust (Aquila Inc)

Extent of Lien Hereof on Property of Successor Corporation. Unless, in the case of a consolidation, merger, conveyance or other transfer contemplated by Section 13.01, the indenture supplemental hereto contemplated in clause (ab)(ii) in Section 13.01, or any other indenture, contains a grant, conveyance, transfer and mortgage by the Successor Corporation as described in subclause (B) thereof, neither this Indenture nor such supplemental indenture shall become or be, or be required to become or be, a Lien upon any of the properties: (a) owned by the Successor Corporation or any other party to such transaction (other than the Company) immediately prior to the time of effectiveness of such transaction or (b) acquired by the Successor Corporation at or after the time of effectiveness of such transaction, except, in either case, Mortgaged Property acquired from the Company in or as a result of such transaction and, to the extent not constituting Excepted Property, improvements, extensions and -109- additions to such properties and renewals, replacements and substitutions of or for any part or parts thereof.

Appears in 2 contracts

Samples: Security Agreement and Mortgage (Pacific Gas & Electric Co), Indenture of Mortgage (Pg&e Corp)

Extent of Lien Hereof on Property of Successor Corporation. Unless, in the case of a consolidation, merger, conveyance or other transfer contemplated by Section 13.0113.1, the indenture supplemental hereto contemplated in clause (aa)(ii) in Section 13.0113.1, or any other indenture, contains a grant, conveyance, transfer and mortgage by the Successor Corporation as described in subclause (B) thereof, neither this Indenture nor such supplemental indenture shall become or be, or be required to become or be, a Lien lien upon any of the properties: (a) owned by the Successor Corporation or any other party to such transaction (other than the Company) immediately prior to the time of effectiveness of such transaction or (b) acquired by the Successor Corporation at or after the time of effectiveness of such transaction, except, in either case, Mortgaged Property properties acquired from the Company in or as a result of such transaction and, to the extent not constituting Excepted Property, and improvements, extensions and additions to such properties and renewals, replacements and substitutions of or for any part or parts thereof.

Appears in 1 contract

Samples: Supplemental Indenture (SOUTH JERSEY GAS Co)

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Extent of Lien Hereof on Property of Successor Corporation. Unless, in the case of a consolidation, merger, conveyance or other transfer contemplated by Section 13.0113.1, the indenture supplemental hereto contemplated in clause (aa)(ii) in Section 13.0113.1, or any other indenture, contains a grant, conveyance, transfer and mortgage by the Successor Corporation as described in subclause (B) thereof, neither this Indenture nor such supplemental indenture shall become or be, or be required to become or be, a Lien upon any of the properties: (a) owned by the Successor Corporation or any other party to such transaction (other than the Company) immediately prior to the time of effectiveness of such transaction or (b) acquired by the Successor Corporation at or after the time of effectiveness of such transaction, except, in either case, Mortgaged Property properties acquired from the Company in or as a result of such transaction and, to the extent not constituting Excepted Property, and improvements, extensions and additions to such properties and renewals, replacements and substitutions of or for any part or parts thereof.

Appears in 1 contract

Samples: First Mortgage Indenture (South Jersey Industries Inc)

Extent of Lien Hereof on Property of Successor Corporation. Unless, in the case of a consolidation, merger, conveyance or other transfer contemplated by Section 13.011201, the indenture supplemental hereto contemplated in clause (a1)(B) in Section 13.011201, or any other indenture, contains a grant, conveyance, transfer and mortgage by the Successor Corporation as described in subclause (Bii) thereof, neither this Indenture nor such supplemental indenture shall become or be, or be required to become or be, a Lien upon any of the properties: (a1) owned by the Successor Corporation or any other party to such transaction (other than the Company) immediately prior to the time of effectiveness of such transaction transaction; or (b2) acquired by the Successor Corporation at or after the time of effectiveness of such transaction, except, in either case, Mortgaged Property properties acquired from the Company in or as a result of such transaction and, to the extent not constituting Excepted Property, and improvements, extensions and additions to such properties and renewals, replacements and substitutions of or for any part or parts thereof.

Appears in 1 contract

Samples: First Mortgage Indenture (Centerpoint Energy Inc)

Extent of Lien Hereof on Property of Successor Corporation. Unless, in the case of a consolidation, merger, conveyance or other transfer contemplated by Section 13.011301, the indenture supplemental hereto contemplated in clause (a1)(B) in Section 13.011301, or any other indenture, contains a grant, conveyance, transfer and mortgage by the Successor Corporation as described in subclause (Bii) thereof, neither this Indenture nor such supplemental indenture shall become or be, or be required to become or be, a Lien upon any of the properties: (a1) owned by the Successor Corporation or any other party to such transaction (other than the Company) immediately prior to the time of effectiveness of such transaction transaction; or (b2) acquired by the Successor Corporation at or after the time of effectiveness of such transaction, except, in either case, Mortgaged Property properties acquired from the Company in or as a result of such transaction and, to the extent not constituting Excepted Property, and improvements, extensions and additions to such properties and renewals, replacements and substitutions of or for any part or parts thereof.

Appears in 1 contract

Samples: General Mortgage Indenture (Centerpoint Energy Houston Electric LLC)

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