Common use of Successors Substituted Clause in Contracts

Successors Substituted. In case of any such consolidation, merger, sale, lease, conveyance or transfer, and following such an assumption by the successor Person, such successor Person shall succeed to and be substituted for the Company, with the same effect as if it had been named herein. Such successor Person may cause to be signed, and may issue either in its own name or in the name of the Company prior to such succession any or all of the Securities issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such successor Person, instead of the Company, and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and shall deliver any Securities which previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities which such successor Person thereafter shall cause to be signed and delivered to the Trustee for that purpose. All of the Securities so issued shall in all respects have the same legal rank and benefit under this Indenture as the Securities theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities had been issued at the date of the execution hereof. In case of any such consolidation, merger, sale, lease, conveyance or transfer, such changes in phrasing and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate. In the event of any such sale, conveyance or transfer (other than a conveyance by way of lease), the Company or any successor Person which shall theretofore have become such in the manner described in this Article shall be discharged from all obligations and covenants under this Indenture, and the Securities and may be liquidated and dissolved.

Appears in 2 contracts

Samples: Indenture (Transcontinental Gas Pipe Line Corp), Transcontinental Gas Pipe Line Corp

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Successors Substituted. In case of any such consolidation, merger, sale, lease, conveyance lease or transferconveyance, and following such an assumption by the successor Person, such successor Person shall succeed to and be substituted for the Company, with the same effect as if it had been named herein. Such successor Person may cause to be signed, and may issue either in its own name or in the name of the Company prior to such succession any or all of the Securities issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such successor Person, instead of the Company, and subject to all the terms, conditions and limitations in this Indenture prescribed, the Trustee shall authenticate and shall deliver any Securities which previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities which such successor Person thereafter shall cause to be signed and delivered to the Trustee for that purpose. All of the Securities so issued shall in all respects have the same legal rank and benefit under this Indenture as the Securities theretofore or thereafter issued in accordance with the terms of this Indenture as though all of such Securities had been issued at the date of the execution hereof. In case of any such consolidation, merger, sale, lease, lease or conveyance or transfer, such changes in phrasing and form (but not in substance) may be made in the Securities thereafter to be issued as may be appropriate. In the event of any such sale, sale or conveyance or transfer (other than a conveyance by way of lease), ) the Company or any successor Person which shall theretofore have become such in the manner described in this Article shall be discharged from all obligations and covenants under this Indenture, and the Securities and may be liquidated and dissolved.

Appears in 2 contracts

Samples: Indenture (Transcontinental Gas Pipe Line Corp), Williams Companies Inc

Successors Substituted. In case of xxxx xx any such consolidation, merger, sale, lease, conveyance lease or transferconveyance, and following such an assumption by the successor Person, such successor Person shall succeed to and be substituted for the Company, with the same effect as if it had been named herein. Such successor Person may cause to be signed, and may issue either in its own name or in the name of the Company prior to such succession any or all of the Securities Notes issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such successor Person, instead of the Company, and subject to all the terms, conditions and limitations in this the Indenture prescribed, the Trustee shall authenticate and shall deliver any Securities Notes which previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities Notes which such successor Person thereafter shall cause to be signed and delivered to the Trustee for that purpose. All of the Securities Notes so issued shall in all respects have the same legal rank and benefit under this the Indenture as the Securities Notes theretofore or thereafter issued in accordance with the terms of this the Indenture as though all of such Securities Notes had been issued at the date of the execution hereof. In case of any such consolidation, merger, sale, lease, lease or conveyance or transfer, such changes in phrasing and form (but not in substance) may be made in the Securities Notes thereafter to be issued as may be appropriate. In the event of any such sale, sale or conveyance or transfer (other than a conveyance by way of lease), ) the Company or any successor Person which shall theretofore have become such in the manner described in this Article shall be discharged from all obligations and covenants under this the Indenture, and the Securities Notes and may be liquidated and dissolved.

Appears in 1 contract

Samples: Indenture (Williams Companies Inc)

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Successors Substituted. In case of any such consolidation, merger, sale, lease, conveyance lease or transferconveyance, and following such an assumption by the successor Person, such successor Person shall succeed to and be substituted for the Company, with the same effect as if it had been named herein. Such successor Person may cause to be signed, and may issue either in its own name or in the name of the Company prior to such succession any or all of the Securities Notes issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee; and, upon the order of such successor Person, instead of the Company, and subject to all the terms, conditions and limitations in this the Indenture prescribed, the Trustee shall authenticate and shall deliver any Securities Notes which previously shall have been signed and delivered by the officers of the Company to the Trustee for authentication, and any Securities Notes which such successor Person thereafter shall cause to be signed and delivered to the Trustee for that purpose. All of the Securities Notes so issued shall in all respects have the same legal rank and benefit under this the Indenture as the Securities Notes theretofore or thereafter issued in accordance with the terms of this the Indenture as though all of such Securities Notes had been issued at the date of the execution hereof. In case of any such consolidation, merger, sale, lease, lease or conveyance or transfer, such changes in phrasing and form (but not in substance) may be made in the Securities Notes thereafter to be issued as may be appropriate. In the event of any such sale, sale or conveyance or transfer (other than a conveyance by way of lease), ) the Company or any successor Person which shall theretofore have become such in the manner described in this Article shall be discharged from all obligations and covenants under this the Indenture, and the Securities Notes and may be liquidated and dissolved.

Appears in 1 contract

Samples: Supplemental Indenture (Northwest Pipeline Corp)

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