Common use of Properties and Liabilities Clause in Contracts

Properties and Liabilities. At the Closing Date, and after giving effect to the distribution of the Excluded Assets and the assumption of the Closing Date Liabilities pursuant to Section 4.7, all the properties, rights, privileges, powers, and franchises of the Company and the Acquiror shall vest in the Surviving Corporation, and all debts, liabilities, and duties of the Company and the Acquiror shall become the debts, liabilities, and duties of the Surviving Corporation.

Properties and Liabilities. At the Closing Date, and after giving effect to the distribution of the Excluded Assets and the assumption of the Closing Date Excluded Liabilities pursuant to Section 4.7Sections 4.7 and 4.8, all the properties, rights, privileges, powers, and franchises of the Company and the Acquiror shall as of that date will vest in the Surviving Corporation, and all debts, liabilities, and duties of the Company and the Acquiror shall will become the debts, liabilities, and duties of the Surviving Corporation.

Properties and Liabilities. At the Closing Date, and after giving effect to the distribution of the Excluded Assets and the assumption of the Closing Date Liabilities pursuant to Section 4.7, all the properties, rights, privileges, powers, and franchises of the Company and the Acquiror shall vest in the Surviving Corporation, and all debts, liabilities, and duties of the Company and the Acquiror shall become the debts, liabilities, and duties of the Surviving Corporation.