Successor Obligor Substituted. Upon any substitution of obligor pursuant to Section 5.05, the Substituted Obligor shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such Substituted Obligor had been named as the Company herein. Any such substitution shall operate to release the Company (including any successor Company pursuant to Section 5.02) from any and all obligations under this Indenture.
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Samples: Indenture (Glaxosmithkline PLC), Indenture (Glaxosmithkline Capital Inc), Indenture (Glaxosmithkline Capital Inc)
Successor Obligor Substituted. Upon any substitution of obligor pursuant to Section 5.055.03, the Substituted Obligor shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such Substituted Obligor had been named as the Company herein. Any such substitution shall operate to release the Company (including any successor Company pursuant to Section 5.02) from any and all obligations under this IndentureIndenture except as provided in Section 5.03(c) above.
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