Common use of Rights, Privileges, Etc Clause in Contracts

Rights, Privileges, Etc. On the Effective Date of the Merger, the Surviving Corporation, without further act, deed or other transfer, shall retain or succeed to, as the case may be, and possess and be vested with all the rights, privileges, immunities, powers, franchises and authority, of a public as well as of a private nature, of Cathay Delaware and Cathay Wyoming; all property of every description and every interest therein, and all debts and other obligations of or belonging to or due to each of Cathay Delaware and Cathay Wyoming on whatever account shall thereafter be taken and deemed to be held by or transferred to, as the case may be, or invested in the Surviving Corporation without further act or deed, title to any real estate, or any interest therein vested in Cathay Delaware or Cathay Wyoming, shall not revert or in any way be impaired by reason of this merger; and all of the rights of creditors of Cathay Delaware and Cathay Wyoming shall be preserved unimpaired, and all liens upon the property of Cathay Delaware or Cathay Wyoming shall be preserved unimpaired, and all debts, liabilities, obligations and duties of the respective corporations shall thenceforth remain with or be attached to, as the case may be, the Surviving Corporation and may be enforced against it to the same extent as if all of said debts, liabilities, obligations and duties had been incurred or contracted by it.

Rights, Privileges, Etc. On the Effective Date of the Merger, the Surviving Corporation, without further act, deed or other transfer, shall retain or succeed to, as the case may be, and possess and be vested with all the rights, privileges, immunities, powers, franchises -------------------------------------------------------------------------------- Page 3 6 and authority, of a public as well as of a private nature, of Cathay Delaware Amazon Washington and Cathay WyomingAmazon Delaware; all property of every description and every interest therein, and all debts and other obligations of or belonging to or due to each of Cathay Amazon Washington and Amazon Delaware and Cathay Wyoming on whatever account shall thereafter be taken and deemed to be held by or transferred to, as the case may be, or invested in the Surviving Corporation without further act or deed, ; title to any real estate, or any interest therein vested in Cathay Delaware Amazon Washington or Cathay WyomingAmazon Delaware, shall not revert or in any way be impaired by reason of this merger; and all of the rights of creditors of Cathay Amazon Washington and Amazon Delaware and Cathay Wyoming shall be preserved unimpaired, and all liens upon the property of Cathay Amazon Washington or Amazon Delaware or Cathay Wyoming shall be preserved unimpaired, and all debts, liabilities, obligations and duties of the respective corporations shall thenceforth remain with or be attached to, as the case may be, the Surviving Corporation and may be enforced against it to the same extent as if all of said debts, liabilities, obligations and duties had been incurred or contracted by it.

Rights, Privileges, Etc. On the Effective Date of the Merger, the Surviving Corporation, without further act, deed or other transfer, shall retain or succeed to, as the case may be, and possess and be vested with all the rights, privileges, immunities, powers, franchises and authority, of a public as well as of a private nature, of Cathay Southland Delaware and Cathay WyomingSouthland Florida; all property of every description and every interest therein, and all debts and other obligations of or belonging to or due to each of Cathay Southland Delaware and Cathay Wyoming Southland Florida on whatever account shall thereafter be taken and deemed to be held by or transferred to, as the case may be, or invested in the Surviving Corporation without further act or deed, ; title to any real estate, or any interest therein vested in Cathay Southland Delaware or Cathay WyomingSouthland Florida, shall not revert or in any way be impaired by reason of this mergerMerger; and all of the rights of creditors of Cathay Southland Delaware and Cathay Wyoming Southland Florida shall be preserved unimpaired, and all liens upon the property of Cathay Southland Delaware or Cathay Wyoming Southland Florida shall be preserved unimpaired, and all debts, liabilities, obligations and duties of the respective corporations shall thenceforth remain with or be attached to, as the case may be, the Surviving Corporation and may be enforced against it to the same extent as if all of said debts, liabilities, obligations and duties had been incurred or contracted by it.

Rights, Privileges, Etc. On the Effective Date of the Merger, the Surviving Corporation, without further act, deed or other transfer, shall retain or succeed to, as the case may be, and possess and be vested with all the rights, privileges, immunities, powers, franchises and authority, of a public as well as of a private nature, of Cathay Delaware Bad Toys Nevada and Cathay WyomingPaladin Florida; all property of every description and every interest therein, and all debts and other obligations of or belonging to or due to each of Cathay Southland Delaware and Cathay Wyoming Paladin Florida on whatever account shall thereafter be taken and deemed to be held by or transferred to, as the case may be, or invested in the Surviving Corporation without further act or deed, ; title to any real estate, or any interest therein vested in Cathay Delaware Bad Toys Nevada or Cathay WyomingPaladin Florida, shall not revert or in any way be impaired by reason of this mergerMerger; and all of the rights of creditors of Cathay Delaware Bad Toys Nevada and Cathay Wyoming Paladin Florida shall be preserved unimpaired, and all liens upon the property of Cathay Delaware Bad Toys Nevada or Cathay Wyoming Paladin Florida shall be preserved unimpaired, and all debts, liabilities, obligations and duties of the respective corporations shall thenceforth remain with or be attached to, as the case may be, the Surviving Corporation and may be enforced against it to the same extent as if all of said debts, liabilities, obligations and duties had been incurred or contracted by it.