Successor Company to Be Substituted. In case of any such consolidation, merger, sale, conveyance, transfer or lease and upon the assumption by the Successor Company, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the due and punctual payment of the principal of, premium, if any, and interest on all of the Notes and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Company, such Successor Company shall succeed to and be substituted for the Company, with the same effect as if it had been named herein as the party hereto. When a Surviving Person duly assumes all the obligations of the Company pursuant to their Indenture and the Notes, the predecessor shall be released from all such obligations.
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Samples: Indenture (Rac Financial Group Inc), Indenture (Computer Network Technology Corp), Indenture (Netbank Inc)
Successor Company to Be Substituted. In case of any such consolidation, merger, sale, conveyance, transfer or lease and upon the assumption by the Successor Company, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the due and punctual payment of the principal of, premiumpremium and Liquidated Damages, if any, and interest on all of the Notes and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Company, such Successor Company shall succeed to and be substituted for the Company, with the same effect as if it had been named herein as the party hereto. When a Surviving Person Successor Company duly assumes all the obligations of the Company pursuant to their this Indenture and the Notes, the predecessor shall be released from all such obligationsobligation.
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Samples: Mark Iv Industries Inc