Common use of Rights and Duties of Successor Corporation Clause in Contracts

Rights and Duties of Successor Corporation. In case of any such consolidation, merger, sale, lease or conveyance and upon any such assumption by the successor corporation, such successor corporation shall succeed to and be substituted for the Company, with the same effect as if it had been named herein, and the predecessor corporation, except in the event of a lease, shall be relieved of any further obligation under this Agreement and the Warrants. Such successor corporation thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all of the shares of Common Stock issuable pursuant to the terms hereof.

Appears in 6 contracts

Samples: Warrant Agreement (Weeks Corp), Warrant Agreement (Weeks Corp), Warrant Agreement (Weeks Corp)

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Rights and Duties of Successor Corporation. In case of any such consolidation, merger, sale, lease or conveyance and upon any such assumption by the successor corporation, such successor corporation shall succeed to and be substituted for the Company, with the same effect as if it had been named herein, and the predecessor corporation, except in the event of a lease, shall be relieved of any further obligation under this Agreement and the Warrants. Such successor corporation thereupon may cause to be signed, and may issue either in its own name or in the name of the Company, any or all of the shares of Common Preferred Stock issuable pursuant to the terms hereof.

Appears in 2 contracts

Samples: Warrant Agreement (Dc Holdco Inc), Preferred Stock Warrant Agreement (Walt Disney Co/)

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Rights and Duties of Successor Corporation. In case of any such consolidation, merger, sale, lease or conveyance and upon any such assumption by the successor corporation, such successor corporation shall succeed to and be substituted for the CompanyTrust, with the same effect as if it had been named hereinherein as the party of the first part, and the predecessor corporation, except in the event of a lease, shall be relieved of any further obligation under this Agreement Indenture and the WarrantsSecurities. Such successor corporation thereupon may cause to be signed, and may issue either in its own name or in the name of the CompanyTrust, any or all of the shares of Common Stock issuable pursuant to the terms hereof.Securities issuable

Appears in 1 contract

Samples: Indenture (American Industrial Properties Reit Inc)

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