Common use of Successor Guarantor Substituted Clause in Contracts

Successor Guarantor Substituted. Upon any consolidation, merger, conveyance or transfer in accordance with Section 5.3 of this Indenture, the successor Person formed by such consolidation or into which the Guarantor is merged or to which such conveyance or transfer shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under this Indenture with the same effect as if such successor Person had been named as the Guarantor herein.

Successor Guarantor Substituted. Upon any consolidationconsolidation or merger, mergeror any sale, lease, conveyance or transfer other disposition of all or substantially all of the property and assets of the Guarantor in accordance with Section 5.3 of this Indenture, the successor Person formed by such consolidation or into which the Guarantor is merged or to which such sale, lease, conveyance or transfer other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under this Indenture with the same effect as if such successor Person had been named as the Guarantor herein.

Successor Guarantor Substituted. Upon any consolidation, consolidation or merger, conveyance or transfer any sale or other disposition of all or substantially all of the property and assets of the Guarantor in accordance with Section 5.3 803 of this Indenture, the successor Person formed by such consolidation or into which the Guarantor is merged or to which such conveyance sale or transfer other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under this Indenture with the same effect as if such successor Person had been named as the Guarantor herein.

Successor Guarantor Substituted. Upon any consolidation, consolidation or merger, conveyance or transfer any sale or other disposition of all or substantially all of the property and assets of a Guarantor in accordance with Section 5.3 6.1 of this Indenture, the successor Person formed by such consolidation or into which the Guarantor is merged or to which such conveyance sale or transfer other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the applicable Guarantor under this Indenture with the same effect as if such successor Person had been named as the applicable Guarantor herein.