Common use of Rights, Privileges, Etc Clause in Contracts

Rights, Privileges, Etc. At the Effective Time, the separate corporate existence of USARadio-Colorado shall cease, and the Surviving Corporation shall possess all the rights, privileges, powers and franchises of a public or private nature and be subject to all the restrictions, disabilities and duties of USARadio-Colorado; and all the rights, privileges, powers and franchises of USARadio-Colorado on whatever account, as well for share subscriptions and all other things in action, shall be vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest shall be thereafter as effectively the property of the Surviving Corporation as the same were of USARadio-Colorado, and the title to any real estate vested by deed or otherwise shall not revert or be in any way impaired by reason of the Merger, but all rights of creditor and liens upon any property of USARadio- Colorado shall be reserved unimpaired, and all debts, liabilities and duties of USARadio-Colorado shall thenceforth attach to the Surviving Corporation and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it; provided, however, that such liens upon property of USARadio-Colorado will be limited to the property affected thereby immediately prior to the Merger. All corporate acts, plans, policies, agreements, arrangements, approvals and authorizations of USARadio-Colorado, its stockholders, Board of Directors and committees thereof, officers and agents which were valid and effective immediately prior to the Effective Time, shall be taken for all purposes as the acts, plans, policies, agreements, arrangements, approvals and authorizations of the Surviving Corporation, its stockholders, Board of Directors and committees thereof, respectively, and shall be as effective and binding thereon a the same were with respect to USARadio- Colorado.

Rights, Privileges, Etc. At the Effective Time, the separate corporate existence of USARadioCanmax-Colorado Wyoming shall cease, and the Surviving Corporation shall possess all the rights, privileges, powers and franchises of a public or private nature and be subject to all the restrictions, disabilities and duties of USARadioCanmax-ColoradoWyoming; and all the rights, privileges, powers and franchises of USARadioCanmax-Colorado Wyoming on whatever account, as well for share subscriptions and all other things in action, shall be vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest shall be thereafter as effectively the property of the Surviving Corporation as the same were of USARadioCanmax-ColoradoWyoming, and the title to any real estate vested by deed or otherwise shall not revert or be in any way impaired by reason of the Merger, but all rights of creditor and liens upon any property of USARadio- Colorado Canmax-Wyoming shall be reserved unimpaired, and all debts, liabilities and duties of USARadioCanmax-Colorado Wyoming shall thenceforth attach to the Surviving Corporation and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it; providedPROVIDED, howeverHOWEVER, that such liens upon property of USARadioCanmax-Colorado Wyoming will be limited to the property affected thereby immediately prior to the Merger. All corporate acts, plans, policies, agreements, arrangements, approvals and authorizations of USARadioCanmax-ColoradoWyoming, its stockholdersshareholders, Board of Directors and committees thereof, officers and agents which were valid and effective immediately prior to the Effective Time, shall be taken for all purposes as the acts, plans, policies, agreements, arrangements, approvals and authorizations of the Surviving Corporation, its stockholdersshareholders, Board of Directors and committees thereof, respectively, and shall be as effective and binding thereon a the same were with respect to USARadio- ColoradoCanmax-Wyoming.

Rights, Privileges, Etc. At the Effective Time, the separate corporate existence of USARadioAscendant-Colorado Texas shall cease, and the Surviving Corporation shall possess all the rights, privileges, powers and franchises of a public or private nature and be subject to all the restrictions, disabilities and duties of USARadioAscendant-ColoradoTexas; and all the rights, privileges, powers and franchises of USARadioAscendant-Colorado Texas on whatever account, as well for share subscriptions and all other things in action, shall be vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest shall be thereafter as effectively the property of the Surviving Corporation as the same were of USARadioAscendant-ColoradoTexas, and the title to any real estate vested by deed or otherwise shall not revert or be in any way impaired by reason of the Merger, but all rights of creditor and liens upon any property of USARadio- Colorado Ascendant-Texas shall be reserved unimpaired, and all debts, liabilities and duties of USARadioAscendant-Colorado Texas shall thenceforth attach to the Surviving Corporation and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it; provided, however, that such liens upon property of USARadioAscendant-Colorado Texas will be limited to the property affected thereby immediately prior to the Merger. All corporate acts, plans, policies, agreements, arrangements, approvals and authorizations of USARadioAscendant-ColoradoTexas, its stockholdersshareholders, Board of Directors and committees thereof, officers and agents which were valid and effective immediately prior to the Effective Time, shall be taken for all purposes as the acts, plans, policies, agreements, arrangements, approvals and authorizations of the Surviving Corporation, its stockholdersshareholders, Board of Directors and committees thereof, respectively, and shall be as effective and binding thereon a as the same were with respect to USARadio- ColoradoAscendant-Texas.

Rights, Privileges, Etc. At the Effective Time, the separate corporate existence of USARadioGladstone-Colorado Washington shall cease, and the Surviving Corporation shall possess all the rights, privileges, powers and franchises of a public or private nature and be subject to all the restrictions, disabilities and duties of USARadioGladstone-ColoradoWashington; and all the rights, privileges, powers and franchises of USARadio-Colorado Gladstone- Washington on whatever account, as well for share subscriptions and all other things in action, shall be vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest shall be thereafter as effectively the property of the Surviving Corporation as the same were of USARadioGladstone-ColoradoWashington, and the title to any real estate vested by deed or otherwise shall not revert or be in any way impaired by reason of the Merger, but all rights of creditor and liens upon any property of USARadio- Colorado Gladstone-Washington shall be reserved unimpaired, and all debts, liabilities and duties of USARadioGladstone-Colorado Washington shall thenceforth attach to the Surviving Corporation and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it; provided, however, that such liens upon property of USARadioGladstone-Colorado Washington will be limited to the property affected thereby immediately prior to the Merger. All corporate acts, plans, policies, agreements, arrangements, approvals and authorizations of USARadio-ColoradoGladstone- Washington, its stockholdersshareholders, Board of Directors and committees thereof, officers and agents which were valid and effective immediately prior to the Effective Time, shall be taken for all purposes as the acts, plans, policies, agreements, arrangements, approvals and authorizations of the Surviving Corporation, its stockholdersshareholders, Board of Directors and committees thereof, respectively, and shall be as effective and binding thereon a the same were with respect to USARadio- ColoradoGladstone-Washington.