Substitution of Parties. Lender and XCL-Texas hereby agree that the Security Agreement, as amended hereby, is now between Lender and XCL-Texas and XCL-Texas hereby assumes all of XCL Land's obligations under the Security Agreement.
Substitution of Parties. The parties hereto agree that, effective as of the date of this Amendment, Venus I, Venus Holdco Inc. and Venus Mergerco Inc. shall each be permitted to, and do hereby, withdraw as parties to the Agreement. Such withdrawal shall constitute a complete novation of the obligations of Venus I, Venus Holdco Inc. and Venus Mergerco Inc. under the Agreement. Neptune I, Inc., Neptune Holdco LLC and Neptune Mergerco Inc. shall, as of and from the date of this Amendment, be substituted as parties to the Agreement and this Amendment in the places of Venus I, Venus Holdco Inc. and Venus Mergerco Inc., respectively, by their agreements hereto, evidenced below, and shall assume, by their agreements hereto evidenced below, all the rights, obligations, duties and agreements of Venus I, Venus Holdco Inc. and Venus Mergerco Inc., respectively, under the Agreement and this Amendment in the full place and stead of Venus I, Venus Holdco Inc. and Venus Mergerco Inc., respectively. The parties further agree, from and after the date hereof, that (i) all references to "Caymanco" in the Agreement and in this Amendment shall be deemed to refer to Neptune I, Inc. rather than Venus I in full substitution therefor, (ii) all references therein to "Veritas Holdco" shall be deemed to refer to Neptune Holdco LLC rather than Venus Holdco Inc. in full substitution therefor and (iii) all references therein to "Veritas Merger Sub" shall be deemed to refer to Neptune Mergerco Inc. rather than Venus Mergerco Inc. in full substitution therefor.
Substitution of Parties. The parties hereto agree to substitute Northrop Grumman Corporation, a Delaware corporation, with Richmond U.K. Inc., a Delaware corporation (formerly named, prior to March 11, 2003, TRW Automotive UK Inc.), as a party to the Employee Stockholders Agreement, such substitution to be effective as of the date of the Employee Stockholders Agreement.
Substitution of Parties. By its execution of this Fourth Amendment, Tek becomes a successor in interest to Newco and shall have all the rights and obligations of Newco under the Agreement. Thereupon, Newco shall have no further rights or obligations under the Agreement. all references to Newco in the Agreement shall be deemed references to Tek.
Substitution of Parties. After payment of the monetary sum as described below, the Plaintiffs shall dismiss the individual defendants. The City of Cincinnati will remain a party for the purposes of ensuring compliance and enforcing the terms of this agreement.
Substitution of Parties. Substitution of the Operator or TMM
36.1 Subject to the provisions of clause 36.4, if the Secretary of State directs that the rights and obligations of the Operator or the relevant rights and obligations of the TMM (in each case, subject to and following a termination of the TSA and/or the MSA or in the case of the Operator, following a Franchise Termination) under this Agreement shall be transferred or novated to a Specified Person on a date specified by the Secretary of State (Specified Date) then on and from the Specified Date:
(a) the Specified Person shall be substituted for the Operator, or in the case of the TMM, substituted in whole or in part for the TMM (as applicable) under this Agreement and any further document to be entered into pursuant to this Agreement as if the Specified Person had originally been party to this Agreement instead of the Operator or the TMM (as applicable) and all references in this Agreement to the Operator, or, in the case of the TMM, the relevant references to the TMM (as applicable) are to be read and construed as if they were references to the Specified Person;
(b) the Specified Person shall be bound by and must fulfil, comply with and observe all the provisions of this Agreement and any further document to be entered into pursuant to this Agreement, including any obligations and liabilities of the Operator or, in the case of the TMM, the relevant obligations and liabilities of the TMM (as applicable) and shall enjoy all the rights and benefits of the Operator or, in the case of the TMM, the relevant rights and benefits of the TMM or the TMM (as applicable) under this Agreement in accordance with clause 36.5; and
(c) at any time after the Specified Date each of the parties to this Agreement and the Specified Person shall, at the request and cost of the Secretary of State, execute or procure the execution of such documents and do or procure the doing of such acts and things as the Secretary of State or the Specified Person may reasonably require for the purpose of giving the Secretary of State or Specified Person the full benefit of all the provisions of this Agreement.
Substitution of Parties. Such pleadings and other documentation as may be necessary or appropriate to substitute Purchaser as the party in interest, in place of Seller, and Purchaser's legal counsel, in place of Seller's legal counsel, in any action, litigation or other proceeding relating to the Loan Documents as may be pending as of Closing, including the Bankruptcy Proceeding shall be prepared and filed by Purchaser, at Purchaser's sole cost and expense, within five (5) days of the Closing Date, subject to review and approval by Seller.
Substitution of Parties. 41 11.2 Expenses......................................................41 11.3 Certificates..................................................41 11.4
Substitution of Parties. BUYER hereby agrees and consents to SELLER substituting a whollyowned subsidiary financial institution of SELLER as the party to transfer the Assets, Deposits , Liabilities, Office Loans and other assets and liabilities to BUYER under the terms and conditions of this Agreement. Notwithstanding any substitution of parties by SELLER pursuant to this Agreement, SELLER shall remain obligated to perform its agreements and covenants regarding enforcement of rights against Banc One as expressly provided herein.
Substitution of Parties. You hereby acknowledge and agree that MAQO will be entitled, without restriction and in its sole and absolute discretion to replace MAQO PTY LTD as credit provider with any subsidiary company or associate company (present or future), provided that such replacement credit provider shall upon such replacement acquire all the rights.
