Common use of Successor Guarantor Substituted Clause in Contracts

Successor Guarantor Substituted. Upon any consolidation or merger by the Guarantor with or into any other Person, or any conveyance, transfer or lease by the Guarantor of its properties and assets substantially as an entirety to any Person in accordance with Section 7.1, the successor Person formed by such consolidation or into which the Guarantor is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under this Guarantee Agreement with the same effect as if such successor Person had been named as the Guarantor herein; and in the event of any such conveyance, transfer or lease the Guarantor shall be discharged from all obligations and covenants under this Guarantee Agreement.

Successor Guarantor Substituted. Upon any consolidation or merger by the Guarantor with or into any other Personmerger, or any conveyancesale, transfer lease, conveyance or lease by other disposition of all or substantially all of the property and assets of the Guarantor of its properties and assets substantially as an entirety to any Person in accordance with Section 7.15.03 of this Indenture, the successor Person formed by such consolidation or into which the Guarantor is merged or to which such conveyancesale, transfer lease, conveyance or lease other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under this Guarantee Agreement Indenture with the same effect as if such successor Person had been named as the Guarantor herein; and in the event of any such conveyance, transfer or lease the Guarantor shall be discharged from all obligations and covenants under this Guarantee Agreement.

Successor Guarantor Substituted. Upon any consolidation or merger by the Guarantor with or into any other Person, or any conveyance, transfer or lease by the Guarantor of its properties and assets substantially as an entirety to any Person in accordance with Section 7.1, the successor Person formed by such consolidation or into which the Guarantor is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under this Capital Securities Guarantee Agreement with the same effect as if such successor Person had been named as the Guarantor herein; and in the event of any such conveyance, transfer or lease the Guarantor shall be discharged from all obligations and covenants under this Guarantee AgreementCapital Securities Guarantee.

Successor Guarantor Substituted. (a) Upon any consolidation or merger by the Guarantor with or into any other Person, or any conveyance, transfer or lease by the Guarantor of its properties and assets substantially as an entirety to any Person in accordance with Section 7.18.3, the successor Person entity formed by such consolidation or into which the Guarantor is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under this Guarantee Agreement Indenture with the same effect as if such successor Person had been named as the Guarantor herein; and in the event of any such conveyance, transfer or lease the Guarantor shall be discharged from all obligations and covenants under this Guarantee Agreementthe Indenture and the Securities.

Successor Guarantor Substituted. (a) Upon any consolidation of the Guarantor with, or merger by of the Guarantor with or into into, any other Person, or any conveyance, transfer or lease by the Guarantor of its properties and assets substantially as an entirety to any Person in accordance with Section 7.18.3, the successor Person formed by such consolidation or into which the Guarantor is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under this Guarantee Agreement Indenture with the same effect as if such successor Person had been named as the Guarantor hereinGuarantor; and thereafter, except in the event case of any such conveyancea lease, transfer or lease the Guarantor shall be discharged from all obligations and covenants under this Indenture, the Guarantee Agreementand the Securities.