Common use of Successor Guarantor Substituted Clause in Contracts

Successor Guarantor Substituted. In case of any consolidation, merger, sale or conveyance in compliance with Section 5.01(2) and upon the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Guarantee endorsed upon the Notes and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person thereupon may cause to be signed any or all of the Guarantees to be endorsed upon all of the Notes issuable hereunder which theretofore shall not have been signed by the Issuer and delivered to the Trustee. All the Guarantees so issued will in all respects have the same legal rank and benefit under this Indenture as the Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though all of such Guarantees had been issued at the date of the execution hereof.

Appears in 6 contracts

Samples: Indenture (International Game Technology PLC), International Game Technology PLC, Indenture (International Game Technology)

AutoNDA by SimpleDocs

Successor Guarantor Substituted. In case of any consolidation, merger, sale or conveyance in compliance with Section 5.01(2) 5.01 and upon the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Guarantee endorsed upon the Notes and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person thereupon may cause to be signed any or all of the Guarantees to be endorsed upon all of the Notes issuable hereunder which theretofore shall not have been signed by the Issuer and delivered to the TrusteeRegistrar. All the Guarantees so issued will in all respects have the same legal rank and benefit under this Indenture as the Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though all of such Guarantees Guarantee(s) had been issued at the date of the execution hereof.

Appears in 2 contracts

Samples: Indenture (Allwyn Entertainment AG), Allwyn Entertainment Financing (Allwyn Entertainment AG)

Successor Guarantor Substituted. In case of any consolidation, merger, sale or conveyance in compliance with Section 5.01(2) the Indenture and upon upon, to the extent required by the Indenture, the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Guarantee endorsed upon the 2019 Notes and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person thereupon may cause to be signed any or all of the Guarantees to be endorsed upon all of the 2019 Notes issuable hereunder which theretofore shall not have been signed by the Issuer Company and delivered to the Trustee. All the Guarantees so issued will in all respects have the same legal rank and benefit under this the Indenture as the Guarantees theretofore and thereafter issued in accordance with the terms of this the Indenture as though all of such Guarantees had been issued at the date of the execution hereof.

Appears in 1 contract

Samples: First Supplemental Indenture (International Game Technology)

Successor Guarantor Substituted. In case of any consolidation, merger, sale or conveyance in compliance with Section 5.01(2) the Indenture and upon upon, to the extent required by the Indenture, the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Guarantee endorsed upon the 2023 Notes and the due and punctual performance of all of the covenants and conditions of this the Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person thereupon may cause to be signed any or all of the Guarantees to be endorsed upon all of the 2023 Notes issuable hereunder which theretofore shall not have been signed by the Issuer Company and delivered to the Trustee. All the Guarantees so issued will in all respects have the same legal rank and benefit under this the Indenture as the Guarantees theretofore and thereafter issued in accordance with the terms of this the Indenture as though all of such Guarantees had been issued at the date of the execution hereof.

Appears in 1 contract

Samples: Indenture (International Game Technology PLC)

Successor Guarantor Substituted. In case of any consolidation, merger, sale or conveyance in compliance with Section 5.01(2) the Indenture and upon upon, to the extent required by the Indenture, the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Guarantee endorsed upon the 2023 Notes and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person thereupon may cause to be signed any or all of the Guarantees to be endorsed upon all of the 2023 Notes issuable hereunder which theretofore shall not have been signed by the Issuer Company and delivered to the Trustee. All the Guarantees so issued will in all respects have the same legal rank and benefit under this the Indenture as the Guarantees theretofore and thereafter issued in accordance with the terms of this the Indenture as though all of such Guarantees had been issued at the date of the execution hereof.

Appears in 1 contract

Samples: Indenture (International Game Technology)

AutoNDA by SimpleDocs

Successor Guarantor Substituted. In case of any consolidation, merger, sale or conveyance in compliance with Section 5.01(2) the Indenture and upon upon, to the extent required by the Indenture, the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Guarantee endorsed upon the 2019 Notes and the due and punctual performance of all of the covenants and conditions of this the Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person thereupon may cause to be signed any or all of the Guarantees to be endorsed upon all of the 2019 Notes issuable hereunder which theretofore shall not have been signed by the Issuer Company and delivered to the Trustee. All the Guarantees so issued will in all respects have the same legal rank and benefit under this the Indenture as the Guarantees theretofore and thereafter issued in accordance with the terms of this the Indenture as though all of such Guarantees had been issued at the date of the execution hereof.

Appears in 1 contract

Samples: First Supplemental Indenture (International Game Technology PLC)

Successor Guarantor Substituted. In case of any consolidation, merger, sale or conveyance in compliance with Section 5.01(2) the Indenture and upon upon, to the extent required by the Indenture, the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Guarantee endorsed upon the 2020 Notes and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person thereupon may cause to be signed any or all of the Guarantees to be endorsed upon all of the 2020 Notes issuable hereunder which theretofore shall not have been signed by the Issuer Company and delivered to the Trustee. All the Guarantees so issued will in all respects have the same legal rank and benefit under this the Indenture as the Guarantees theretofore and thereafter issued in accordance with the terms of this the Indenture as though all of such Guarantees had been issued at the date of the execution hereof.

Appears in 1 contract

Samples: Second Supplemental Indenture (International Game Technology)

Successor Guarantor Substituted. In case of any consolidation, merger, sale or conveyance in compliance with Section 5.01(2) the Indenture and upon upon, to the extent required by the Indenture, the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Guarantee endorsed upon the 2020 Notes and the due and punctual performance of all of the covenants and conditions of this the Indenture to be performed by the Guarantor, such successor Person will succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person thereupon may cause to be signed any or all of the Guarantees to be endorsed upon all of the 2020 Notes issuable hereunder which theretofore shall not have been signed by the Issuer Company and delivered to the Trustee. All the Guarantees so issued will in all respects have the same legal rank and benefit under this the Indenture as the Guarantees theretofore and thereafter issued in accordance with the terms of this the Indenture as though all of such Guarantees had been issued at the date of the execution hereof.

Appears in 1 contract

Samples: Second Supplemental Indenture (International Game Technology PLC)

Time is Money Join Law Insider Premium to draft better contracts faster.