Common use of Properties and Liabilities Clause in Contracts

Properties and Liabilities. At the Effective Time, all the properties, rights, privileges, powers and franchises of the Company and Acquisition Sub will vest in the Surviving Corporation, and all debts, liabilities and duties of the Company and Acquisition Sub will become the debts, liabilities and duties of the Surviving Corporation.

Appears in 3 contracts

Samples: Merger Agreement (Tci Music Inc), Merger Agreement (Accumed International Inc), Merger Agreement (Video Jukebox Network Inc)

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Properties and Liabilities. At the Effective Time, all the properties, rights, privileges, powers powers, and franchises of the Company and Acquisition Sub the Acquiror will vest in the Surviving Corporation, and all debts, liabilities liabilities, and duties of the Company and Acquisition Sub the Acquiror will become the debts, liabilities liabilities, and duties of the Surviving Corporation.

Appears in 3 contracts

Samples: Merger Agreement (Pentastar Communications Inc), Merger Agreement (Pentastar Communications Inc), Merger Agreement (Pentastar Communications Inc)

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Properties and Liabilities. At the Effective Time, all the -------------------------- properties, rights, privileges, powers and franchises of the Company and Acquisition Merger Sub will vest in the Surviving Corporation, and all debts, liabilities and duties of the Company and Acquisition Merger Sub will become the debts, liabilities and duties of the Surviving Corporation.

Appears in 1 contract

Samples: Merger Agreement (DMX Inc)

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