Rights, Duties, Powers, Liabilities Sample Clauses

Rights, Duties, Powers, Liabilities. As of the Effective Time, the separate existence of the Disappearing Corporation will cease, and the Disappearing Corporation will be merged, in accordance with the provisions of this Plan, with and into the Surviving Corporation, which will possess all the properties and assets, and all the rights, privileges, powers, immunities and franchises, of whatever nature and description, and will be subject to all restrictions, disabilities, duties and liabilities of each of the Constituent Corporations; and all such things will be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed; and the title to any real estate or other property, or any interest therein, vested by deed or otherwise in either of the Constituent Corporations, will be vested in the Surviving Corporation without reversion or impairment. Any claim existing or action or proceeding, whether civil, criminal or administrative, pending by or against either Constituent Corporation, may be prosecuted to judgment or decree as if the Merger had not taken place, and the Surviving Corporation may be substituted in any such action or proceeding.
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Related to Rights, Duties, Powers, Liabilities

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  • Survival of Rights, Duties and Obligations 17.6.1 Termination of this Agreement for any cause shall not release a Party from any liability which at the time of termination has already accrued to the other Party or Parties or which thereafter may accrue in respect of any act or omission prior to such termination.

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