Surviving Person Sample Clauses
The 'Surviving Person' clause defines who is considered to have outlived another individual in situations where the order of death affects the distribution of assets, such as in wills or insurance policies. Typically, this clause sets a minimum period—often 120 hours—that a person must survive another to be legally recognized as the survivor for inheritance purposes. By establishing a clear standard for survivorship, the clause prevents uncertainty or disputes over asset distribution when deaths occur close together, ensuring a fair and orderly transfer of property.
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Surviving Person. The Person (if other than the Issuer) formed by or surviving the merger or consolidation, or that acquires those assets, (i) is organized and existing under the laws of the United States or any State and (ii) assumes, by an indenture supplemental to this Indenture (unless the assumption happens by operation of law), executed and delivered to the Indenture Trustee, in form reasonably satisfactory to the Indenture Trustee, the due and punctual payment of the principal of and interest on the Notes and the performance of the other obligations under this Indenture and the other Transaction Documents to be performed by the Issuer;
Surviving Person. The Surviving Person shall succeed to, and be substituted for, and may exercise every right and power of the Company under this Indenture (or of the Subsidiary Guarantor under the Subsidiary Guarantee, as the case may be), and the predecessor Company, except in the case of a lease, shall be released from any obligation to pay the principal of, premium, if any, and interest on, the Securities.
Surviving Person. The Person (if other than the applicable Borrower) formed by or surviving the merger or consolidation, or that acquires those assets, (i) is organized and existing under the laws of the United States or any State and (ii) assumes, by an agreement to assume the Borrower's obligations under this Agreement (unless the assumption happens by operation of law), executed and delivered to the Administrative Agent, in form satisfactory to the Administrative Agent, the due and punctual payment of the interest on and principal of the Secured Obligations and the performance of the other obligations under this Agreement and the other Basic Documents to be performed by the Borrower;
Surviving Person. 5.01(d) Time of Determination..............................................5.01(1) Trustee............................................................
Surviving Person. The term “Surviving Person” shall mean the corporation or other entity that is either (i) the surviving or continuing corporation of entity in a merger or consolidation of the Company with another corporation or entity, whether that is the Company or another party to such merger or consolidation or (ii) the corporation or other entity which acquires all or substantially all of the assets of the Company in a single or series of related transactions which constitutes a Change in Control as contemplated by Subparagraph 1.7(a)(ii) above.
Surviving Person. 13(a)..................
Surviving Person. The term "
Surviving Person. 10 TIA..............................................................................10
Surviving Person. 20 Trustee................................................................ 1 Units.................................................................. 1 Warrant................................................................ 1
Surviving Person. 5.01(d) Time of Determination............................... 5.01(1) -iii-