Common use of Successor Entity Substituted Clause in Contracts

Successor Entity Substituted. Upon any consolidation or merger or any sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of the properties or assets of the Issuer in accordance with the foregoing in which the Issuer is not the surviving entity, the surviving Person formed by such consolidation or into or with which the Issuer is merged or to which such sale, assignment, transfer, conveyance, lease or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Issuer under this Indenture with the same effect as if such surviving Person had been named as the Issuer in this Indenture, and thereafter (except in the case of a lease of all or substantially all of the Issuer’s properties or assets), the Issuer will be relieved of all its obligations and covenants under this Indenture and the Notes.

Successor Entity Substituted. Upon any consolidation or merger or any sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of the properties or assets of the an Issuer in accordance with the foregoing Section 5.01 hereof in which the such Issuer is not the surviving entity, the surviving Person formed by such consolidation or into or with which the such Issuer is merged or to which such sale, assignment, transfer, conveyance, lease or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the such Issuer under this Indenture with the same effect as if such surviving Person had been named as the such Issuer in this Indenture, and thereafter (except in the case of a lease of all or substantially all of the such Issuer’s properties or assets), the such Issuer will be relieved of all its obligations and covenants under this Indenture and the Notes.

Successor Entity Substituted. Upon any consolidation or merger or any sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of the properties or assets of the an Issuer in accordance with the foregoing Section 5.01 in which the such Issuer is not the surviving entity, the surviving Person formed by such consolidation or into or with which the such Issuer is merged or to which such sale, assignment, transfer, conveyance, lease or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the such Issuer under this Indenture with the same effect as if such surviving Person had been named as the such Issuer in this Indenture, and thereafter (except in the case of a lease of all or substantially all of the such Issuer’s properties or assets), the such Issuer will be relieved of all its obligations and covenants under this Indenture and the Notes.

Successor Entity Substituted. Upon any consolidation consolidation, amalgamation or merger or any sale, assignment, transfer, conveyance, lease or other disposition of all or substantially all of the properties or assets of the an Issuer in accordance with the foregoing Section 5.01 hereof in which the such Issuer is not the surviving entity, the surviving Person formed by such consolidation consolidation, amalgamation or merger into or with which the such Issuer is merged or to which such sale, assignment, transfer, conveyance, lease or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the such Issuer under this Indenture with the same effect as if such surviving Person had been named as the such Issuer in this Indenture, and thereafter (except in the case of a lease of all or substantially all of the such Issuer’s properties or assets), the such Issuer will be relieved of all its obligations and covenants under this Indenture and the Notes.