Common use of Termination of Corporate Existence Clause in Contracts

Termination of Corporate Existence. If either Party terminates its existence as a corporate entity, by merger, acquisition, sale, consolidation, or otherwise, or if all or substantially all of such Party's assets are transferred to another person or business entity, without complying with Section 15.1 above, the other Party shall have the right enforceable in a court of competent jurisdiction, to enjoin the first Party's successor from using the property in any manner that interferes with, impedes, or restricts such other Party's ability to carry out its ongoing business operations, rights and obligations.

Termination of Corporate Existence. If either Party terminates its existence as a corporate entity, by merger, acquisition, sale, consolidation, or otherwise, or if all or substantially all of such Party's assets are transferred to another person or business entity, without complying with Section 15.1 above, the other Party shall have the right enforceable in a court of competent jurisdiction, to enjoin the first Party's successor from using the property in any manner that interferes with, impedes, or restricts such other Party's ability to carry out its ongoing business operations, rights and obligations.obligations.‌

Termination of Corporate Existence. If either a Party terminates its existence as a corporate entity, entity by merger, acquisition, sale, consolidation, or otherwise, or if all or substantially all of such Party's assets ’s Connection Facilities are transferred to another person or business entity, without complying with Section 15.1 11.2 above, the other Party shall Parties will have the right right, enforceable in a court of competent jurisdiction, to enjoin the first Party's ’s successor from using the property its facilities in any manner that interferes with, impedes, or restricts such the other Party's Parties’ ability to carry out its ongoing business operations, rights and obligations.

Termination of Corporate Existence. If either a Party terminates its existence as a corporate entity, entity by merger, acquisition, sale, consolidation, or otherwise, or if all or substantially all of such Party's ’s assets are transferred to another person or business entity, without complying with Section 15.1 Sections 12.2 or 12.3 above, the other Party shall will have the right right, enforceable in a court of competent jurisdiction, to enjoin the first Party's ’s successor from using the property its facilities in any manner that interferes with, impedes, or restricts such the other Party's ’s ability to carry out its ongoing business operations, rights and obligations.

Termination of Corporate Existence. If either a Party terminates its existence as a corporate entity, entity by merger, acquisition, sale, consolidation, or otherwise, or if all or substantially all of such Party's assets ’s Connection Facilities are transferred to another person or business entity, without complying with Section 15.1 11.2 above, the other Party shall Parties will have the right enforceable right, enf orceable in a court of competent jurisdiction, to enjoin the first Party's ’s successor from using the property its facilities in any manner that interferes with, impedes, or restricts such the other Party's Parties’ ability to carry out its ongoing business operations, rights and obligations.