Common use of Successor Person Substituted Clause in Contracts

Successor Person Substituted. Upon any consolidation, merger or transfer of all or substantially all of the assets of the Company in accordance with Section 5.1 above, the successor corporation formed by such consolidation, or into which the Company is merged or to which such transfer is made, 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 successor corporation had been named as the Company herein, and thereafter (except with respect to any such transfer which is a lease) the predecessor corporation shall be relieved of all obligations and covenants under this Indenture and the Securities.

Successor Person Substituted. Upon any consolidationconsolidation or merger, merger or any transfer of all or substantially all of the assets of the Company in accordance with Section 5.1 above, the successor corporation formed by such consolidation, consolidation or into which the Company is merged or to which such transfer is made, made 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 successor corporation had been named as the Company herein, and thereafter (except with respect to any such transfer which is a lease) the predecessor corporation shall be relieved of all obligations and covenants under this Indenture and the Securities.

Successor Person Substituted. Upon any consolidationconsolidation or merger, merger or any transfer of all or substantially all of the assets of the Company or any Guarantor in accordance with Section 5.1 5.01 above, the successor corporation formed by such consolidation, consolidation or into which the Company is merged or to which such transfer is made, made shall succeed to, and be substituted for, and may exercise every right and power of, the Company or such Guarantor under this Indenture with the same effect as if such successor corporation had been named as the Company or such Guarantor herein, and thereafter (except with respect to any such transfer which is a lease) the predecessor corporation shall be relieved of all obligations and covenants under this Indenture and the SecuritiesNotes.

Successor Person Substituted. Upon any consolidation, consolidation or merger or any transfer of all or substantially all of the assets of the Company and its Subsidiaries in accordance with Section 5.1 above5.01, the successor corporation formed by such consolidation, consolidation or into which the Company is merged or to which such transfer is made, made shall succeed to, to and (except in the case of a lease) be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor corporation had been named herein as the Company herein, and thereafter (except with respect to any such transfer which is in the case of a lease) the predecessor corporation Company shall be relieved of all released from the obligations under the Notes and covenants under this Indenture and the SecuritiesIndenture.

Successor Person Substituted. Upon any consolidationconsolidation or merger, merger or any transfer of all or substantially all of the assets of the Company or any Subsidiary in accordance with Section 5.1 5.01 above, the successor corporation formed by such consolidation, consolidation or into which the Company is merged or to which such transfer is made, made shall succeed to, and be substituted for, and may exercise every right and power of, the Company or such Subsidiary under this Indenture with the same effect as if such successor corporation had been named as the Company or such Subsidiary herein, and thereafter (except with respect to any such transfer which is a lease) the predecessor corporation shall be relieved of all obligations and covenants under this Indenture and the SecuritiesNotes.

Successor Person Substituted. Upon any consolidationconsolidation or merger, merger or any transfer of all or substantially all of the assets of the Company or any Guarantor in accordance with Section 5.1 above, the successor corporation formed by such consolidation, consolidation or into which the Company is merged or to which such transfer is made, made shall succeed to, and be substituted for, and may exercise every right and power of, the Company or such Guarantor under this Indenture with the same effect as if such successor corporation had been named as the Company or such Guarantor herein, and thereafter (except with respect to any such transfer which is a lease) the predecessor corporation shall be relieved of all obligations and covenants under this Indenture and the SecuritiesNotes.