Common use of Guarantor Successor to Be Substituted Clause in Contracts

Guarantor Successor to Be Substituted. Upon any consolidation of the Guarantor with, or merger of the Guarantor into, any other Person or any sale, transfer, lease or other conveyance of its properties and assets substantially as an entirety in accordance with Section 803, the successor Person formed by such consolidation or into which the Guarantor is merged or to which such sale, transfer, lease or other conveyance is made shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under this Indenture with the same effect as if such successor Person had been named as the Guarantor herein, and thereafter, except in the case of a lease, the predecessor Person shall be released of all obligations to pay principal and interest on any Securities and all other obligations and covenants under the Indenture and the Securities.

Guarantor Successor to Be Substituted. Upon any consolidation of the Guarantor with, or merger of the Guarantor into, any other Person or any sale, lease, transfer, lease conveyance or other conveyance disposition of its properties and assets substantially as an entirety in accordance with Section 803, the successor Person formed by such consolidation or into which the Guarantor is merged or to which such sale, lease, transfer, lease conveyance or other conveyance disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under this Indenture and the Guarantees with the same effect as if such successor Person had been named as the Guarantor hereinherein and therein, and thereafter, except in the case of a lease, the predecessor Person shall be released of all obligations to pay principal of (and premium, if any) and interest on any Securities and all other obligations and covenants under the Indenture and the SecuritiesGuarantees.

Guarantor Successor to Be Substituted. Upon any consolidation of the Guarantor with, or merger of the Guarantor into, any other Person or any sale, transfer, lease or other conveyance of its properties and assets substantially as an entirety in accordance with Section 80310.03, the successor Person formed by such consolidation or into which the Guarantor is merged or to which such sale, transfer, lease or other conveyance is made shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under this Indenture with the same effect as if such successor Person had been named as the Guarantor herein, and thereafter, except in the case of a lease, the predecessor Person shall be released of all obligations to pay principal and interest on any Securities the Notes and all other obligations and covenants under the Indenture and the SecuritiesNotes.