Common use of Rights of Creditors Clause in Contracts

Rights of Creditors. All rights of creditors against property, rights and assets of each of the Amalgamating Corporations and all liens upon their property, rights and assets shall be unimpaired by the Amalgamation and all debts, contracts, liabilities and duties of each of the Amalgamating Corporations shall thenceforth attach to Amalco and may be enforced against it.

Appears in 3 contracts

Samples: Acquisition Agreement (Repap Enterprises Inc), Amending Agreement (Upm Kymmene Corp), Acquisition Agreement (Upm Kymmene Corp)

AutoNDA by SimpleDocs

Rights of Creditors. All rights of creditors against property, rights and assets of each of the Amalgamating Corporations parties hereto and all liens upon their property, rights and assets shall be unimpaired by the Amalgamation and all debts, contracts, liabilities and duties of each of the Amalgamating Corporations parties hereto shall thenceforth attach to Amalco and may be enforced against it.

Appears in 1 contract

Samples: Amalgamation Agreement (T&w Financial Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.