General Effect. All the property, rights, privileges, powers, franchises and assets of the Company and Merger Sub shall vest in the Surviving Corporation, and all debts, liabilities, obligations and duties of the Company and Merger Sub shall become the debts, liabilities, obligations and duties of the Surviving Corporation.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (GTT Communications, Inc.), Agreement and Plan of Merger (GTT Communications, Inc.), Agreement and Plan of Merger (PAETEC Holding Corp.)
General Effect. All the property, rights, privileges, powers, franchises and assets of the Company and Merger Sub shall vest in the Surviving Corporation, and all debts, liabilities, obligations Liabilities and duties of the Company and Merger Sub shall become the debts, liabilities, obligations Liabilities and duties of the Surviving Corporation.
Appears in 2 contracts
Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Worthington Industries Inc)
General Effect. All the property, rights, privileges, powers, franchises and assets of the Operating Company and Merger Sub shall vest in the Surviving CorporationCompany, and all debtsIndebtedness, liabilitiesLiabilities, obligations and duties of the Operating Company and Merger Sub shall become the debtsIndebtedness, liabilitiesLiabilities, obligations and duties of the Surviving CorporationCompany.
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