Common use of Substitution of the Company as Issuer Clause in Contracts

Substitution of the Company as Issuer. Notwithstanding any other provision contained in this Indenture, the Company may, at its option and without the consent of any Holder of the Notes, be substituted (a “Substitution”) by (i) any direct or indirect parent of the Company or (ii) any Subsidiary of the Company that owns, or after the Substitution, will own, a majority of the assets of the Company (in each case, the “Substituted Company”) for purposes of this Indenture and have the covenants (and related definitions) apply to the Substituted Company and its Restricted Subsidiaries; provided that the following conditions are satisfied:

Appears in 5 contracts

Samples: JBS S.A., JBS S.A., JBS Holding Luxembourg S.A R.L.

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Substitution of the Company as Issuer. Notwithstanding any other provision contained in this Indenture, the Company may, at its the Company’s option and without the consent of any Holder of the Notes, be substituted (a “Substitution”) by (i) any direct or indirect parent of the Company or (ii) any Subsidiary of the Company that owns, or after the Substitution, will own, a majority of the assets of the Company (in each case, the “Substituted Company”) for purposes of this Indenture and have the covenants (and related definitions) apply to the Substituted Company and its Restricted Subsidiaries; provided that the following conditions are satisfied:

Appears in 2 contracts

Samples: JBS Holding Luxembourg S.A R.L., JBS Holding Luxembourg S.A R.L.

Substitution of the Company as Issuer. Notwithstanding any other provision contained in this Indenture, the Company may, at its the Company’sits option and without the consent of any Holder of the Notes, be substituted (a “Substitution”) by (i) any direct or indirect parent of the Company (or (ii) any Subsidiary of the Company that owns, or after the Substitution, will own, a majority of the assets of the Company (in each case, the “Substituted Company”) for purposes of this Indenture and have the covenants (and related definitions) apply to the Substituted Company and its Restricted Subsidiaries; provided that the following conditions are satisfied:

Appears in 2 contracts

Samples: Second Supplemental Indenture (JBS Holding Luxembourg S.A R.L.), Second Supplemental Indenture (JBS Holding Luxembourg S.A R.L.)

Substitution of the Company as Issuer. Notwithstanding any other provision contained in this Indenture, the Company may, at its option and without the consent of any Holder of the Notes, be substituted (a “Substitution”) by (i) any direct or indirect parent of the Company or (ii) any Subsidiary of the Company that owns, or after the Substitution, will own, a majority of the assets of the Company (in each case, the “Substituted Company”) for purposes of this Indenture and the Notes and have the covenants (and related definitions) apply to the Substituted Company and its Restricted Subsidiaries; provided that the following conditions are satisfied:

Appears in 1 contract

Samples: JBS Holding Luxembourg S.A R.L.

Substitution of the Company as Issuer. Notwithstanding any other provision contained in this Indenture, the Company may, at its the Company’s option and without the consent of any Holder of the Notes, be substituted (a “Substitution”) by (i) any direct or indirect parent of the Company or (ii) any Subsidiary of the Company that owns, or after the Substitution, will own, a majority of the assets of the Company (in each case, case the “Substituted Company”) for purposes of this Indenture and have the covenants (and related definitions) apply to the Substituted Company and its Restricted Subsidiaries; provided that the following conditions are satisfied:

Appears in 1 contract

Samples: Indenture (JBS Holding Luxembourg S.A R.L.)

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Substitution of the Company as Issuer. Notwithstanding any other provision contained in this Indenture, the Company may, at its the Company’s option and without the consent of any Holder of the Notes, be substituted (a “Substitution”) by (i) any direct or indirect parent of the Company or (ii) any Subsidiary of the Company that owns, or after the Substitution, will own, a majority of the assets of the Company (in each case, the “Substituted Company”) for purposes of this Indenture and have the covenants (and related definitions) apply to the Substituted Company and its Restricted Subsidiaries; provided that the following conditions are satisfied:

Appears in 1 contract

Samples: JBS Holding Luxembourg S.A R.L.

Substitution of the Company as Issuer. Notwithstanding any other provision contained in this Indenture, the Company may, at its option and without the consent of any Holder of the Notes, be substituted (a “Substitution”) by (ia) any direct or indirect parent of the Company or (iib) any Subsidiary of the Company that owns, or after the Substitution, will own, a majority of the assets of the Company (in each case, the “Substituted Company”) for purposes of this Indenture and the Notes and have the covenants (and related definitions) apply to the Substituted Company and its Restricted Subsidiaries; provided that the following conditions are satisfied:

Appears in 1 contract

Samples: JBS Holding Luxembourg S.A R.L.

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