Common use of Successor Is Deemed Included in All References to Predecessor Clause in Contracts

Successor Is Deemed Included in All References to Predecessor. Whenever in this Bond Indenture either the Issuer or the Trustee is named or referred to, such reference shall be deemed to include the successors or assigns thereof, and all the covenants and agreements in this Bond Indenture contained by or on behalf of the Issuer or the Trustee shall bind and inure to the benefit of the respective successors and assigns thereof whether so expressed or not.

Successor Is Deemed Included in All References to Predecessor. Whenever in this Bond Indenture either the Issuer Authority or the Bond Trustee is named or referred to, such reference shall be deemed to include the successors or assigns thereof, and all the covenants and agreements in this Bond Indenture contained by or on behalf of the Issuer Authority or the Bond Trustee shall bind and inure to the benefit of the respective successors and assigns thereof whether so expressed or not.