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: Agreement and Plan of Merger (Accumed International Inc), Agreement and Plan of Merger (Video Jukebox Network Inc), Agreement and Plan of Merger (Tci Music 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: Agreement and Plan of Merger (Pentastar Communications Inc), Agreement and Plan of Merger (Pentastar Communications Inc), Agreement and Plan of Merger (Pentastar Communications Inc)

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

Appears in 1 contract

Samples: Agreement and Plan of Merger (Icg Holdings Inc)

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

Appears in 1 contract

Samples: Agreement and Plan of Merger (Paladyne Corp)

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