Common use of Successors Substituted Clause in Contracts

Successors Substituted. Upon any consolidation or amalgamation of the Company or any Guarantor with, or merger of the Company or any Guarantor into, any other Person, or any conveyance, transfer or lease of the properties and assets of the Company or any Guarantor substantially as an entirety in accordance with Section 4.01 or Section 4.02, the successor Person formed by such consolidation or amalgamation or into which the Company or such Guarantor is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company or such Guarantor, as the case may be, under this Indenture with the same effect as if such successor Person had been named as the Company or such Guarantor, as the case may be, herein, and thereafter, except in the case of a lease to another Person, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities.

Appears in 6 contracts

Samples: Reconciliation And (Nabors Industries Inc), Reconciliation And (Nabors Industries Inc), Reconciliation And (Nabors Industries Inc)

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Successors Substituted. Upon any consolidation or amalgamation of the Company or any the Guarantor with, or merger of the Company or any the Guarantor into, any other Person, or any conveyance, transfer or lease of the properties and assets of the Company or any the Guarantor substantially as an entirety in accordance with Section 4.01 or Section 4.024.01, the successor Person formed by such consolidation or amalgamation or into which the Company or such the Guarantor is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company or such the Guarantor, as the case may be, under this Indenture with the same effect as if such successor Person had been named as the Company or such the Guarantor, as the case may be, herein, and thereafter, except in the case of a lease to another Person, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities.

Appears in 5 contracts

Samples: Indenture (Nabors Industries LTD), Nabors Industries LTD, Nabors Industries LTD

Successors Substituted. Upon any consolidation or amalgamation of the Company or any the Guarantor with, or merger of the Company or any the Guarantor into, any other Person, or any conveyance, transfer or lease of the properties and assets of the Company or any the Guarantor substantially as an entirety in accordance with Section 4.01 or Section 4.024.01, the successor Person formed by such consolidation or amalgamation or into which the Company or such the Guarantor is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company or such the Guarantor, as the case may be, under this Indenture with the same effect as if such successor Person had been named as the Company or such the Guarantor, as the case may be, herein, and thereafter, except in the case of a lease to another Person, the predecessor Person shall be relieved of all obligations and covenants under this Indenture Indenture, the Securities and the SecuritiesGuarantees, as applicable.

Appears in 2 contracts

Samples: Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD)

Successors Substituted. Upon any consolidation or amalgamation of the Company or any the Guarantor with, or merger of the Company or any the Guarantor into, any other Person, or any conveyance, transfer or lease of the properties and assets of the Company or any the Guarantor substantially as an entirety in accordance with Section 4.01 or Section 4.024.01, the successor Person formed by such consolidation or amalgamation or into which the Company or such the Guarantor is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company or such the Guarantor, as the case may be, under this Indenture with the same effect as if such successor Person had been named as the Company or such the Guarantor, as the case may be, herein, and thereafter, except in the case of a lease to another Person, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities.

Appears in 1 contract

Samples: Nabors Industries LTD

Successors Substituted. Upon any consolidation or amalgamation of the Company or any the Guarantor with, or merger of the Company or any the Guarantor into, any other Person, or any conveyance, transfer or lease of the properties and assets of the Company or any the Guarantor substantially as an entirety in accordance with Section 4.01 or Section 4.024.01, the successor Person formed by such consolidation or amalgamation or into which the Company or such the Guarantor is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company or such Guarantor, the Guarantor (as the case may be, ) under this Indenture with the same effect as if such successor Person had been named as the Company or such Guarantor, the Guarantor (as the case may be, ) herein, and thereafter, except in the case of a lease to another Person, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities.

Appears in 1 contract

Samples: Anadarko Petroleum Corp

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Successors Substituted. Upon any consolidation or amalgamation of the Company or any the Guarantor with, or merger of the Company or any the Guarantor into, any other Person, or any conveyance, transfer or lease of the properties and assets of the Company or any the Guarantor substantially as an entirety in accordance with Section 4.01 or Section 4.024.01, the successor Person formed by such consolidation or amalgamation or into which the Company or such the Guarantor is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company or such the Guarantor, as the case may be, under this Indenture with the same effect as if such successor Person had been named as the Company or such the Guarantor, as the case may be, herein, and thereafter, except in the case of an amalgamation or a lease to another Person, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities.

Appears in 1 contract

Samples: Devon Energy Corp/De

Successors Substituted. Upon any consolidation or amalgamation of the Company or any a Guarantor with, or merger of the Company or any a Guarantor into, any other Person, or any conveyance, transfer or lease of the properties and assets of the Company or any a Guarantor substantially as an entirety in accordance with Section 4.01 or Section 4.024.01, the successor Person formed by such consolidation or amalgamation or into which the Company or such the Guarantor is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company or such the Guarantor, as the case may be, under this Indenture with the same effect as if such successor Person had been named as the Company or such the Guarantor, as the case may be, herein, and thereafter, except in the case of an amalgamation or a lease to another Person, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and the Securities.

Appears in 1 contract

Samples: Indenture (Nabors Industries LTD)

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