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 Guarantor, with the same effect as if it had been named herein 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 Indenture and the Securities. In case of any such consolidation, merger, sale, lease or conveyance, such changes in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate.

Appears in 4 contracts

Samples: Indenture (Brandywine Operating Partnership Lp /Pa), Indenture (Brandywine Operating Partnership Lp /Pa), Indenture (Brandywine Operating Partnership Lp /Pa)

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Rights and Duties of Successor Corporation. In case of ------------------------------------------ any such consolidation, merger, sale, lease lease, conveyance or conveyance other disposition and upon any such assumption by the successor corporationPerson, such successor corporation Person shall succeed to and be substituted for the GuarantorCompany, with the same effect as if it had been named herein 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 Indenture and the SecuritiesSecurity. In case of any such consolidation, merger, sale, lease lease, conveyance or conveyanceother disposition, such changes in phraseology and form (but not in substance) may be made in the Securities this Security thereafter to be issued as may be appropriate.

Appears in 1 contract

Samples: Convertible Note Agreement (Interliant Inc)

Rights and Duties of Successor Corporation. In case of any such consolidation, merger, sale, lease lease, conveyance or conveyance other disposition and upon any such assumption by the successor corporationPerson, such successor corporation Person shall succeed to and be substituted for the GuarantorCompany, with the same effect as if it had been named herein 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 Indenture and the SecuritiesSecurity. In case of any such consolidation, merger, sale, lease lease, conveyance or conveyanceother disposition, such changes in phraseology and form (but not in substance) may be made in the Securities this Security thereafter to be issued as may be appropriate.

Appears in 1 contract

Samples: Securities Purchase Agreement (Interliant Inc)

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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 GuarantorCompany, with the same effect as if it had been named herein 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 Indenture and the Securities. Such successor corporation thereupon may cause to be In case of any such consolidation, merger, sale, lease or conveyance, such changes in phraseology and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate.

Appears in 1 contract

Samples: Indenture (New Plan Realty Trust)

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