Common use of Termination of Separate Existence Clause in Contracts

Termination of Separate Existence. Upon the Effective Date, the separate existence of the Merged Corporation shall cease and the Surviving Corporation shall possess all of the rights, privileges, immunities, powers and franchises, as well of a public nature as of a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and all and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed, and the title to any real estate or any interest therein, vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible and liable for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim existing or action or proceeding, civil or criminal, pending by or against either of said Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place, and any judgment rendered against either of the Constituent Corporations may thenceforth be enforced against the Surviving Corporation; and neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by the Merger.

Termination of Separate Existence. Upon the Effective Date, the separate existence of the Merged Corporation Bank shall cease and the Surviving Corporation Bank shall possess all of the rights, privileges, immunities, powers and franchises, as well of a public nature as of a private nature, of each of the Constituent CorporationsBanks; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and all and every other interest of or belonging to or due to each of the Constituent Corporations Banks shall be taken and deemed to be transferred to and vested in the Surviving Corporation Bank without further act or deed, and the title to any real estate or any interest therein, vested in either of the Constituent Corporations Banks shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation Bank shall thenceforth be responsible and liable for all the liabilities, obligations and penalties of each of the Constituent CorporationsBanks; and any claim existing or action or proceeding, civil or criminal, pending by or against either of said Constituent Corporations Banks may be prosecuted as if the Merger had not taken place, or the Surviving Corporation Bank may be substituted in its place, and any judgment rendered against either of the Constituent Corporations Banks may thenceforth be enforced against the Surviving CorporationBank; and neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations Banks shall be impaired by the Merger.

Termination of Separate Existence. Upon the Effective Closing Date, the separate existence of the Merged Corporation shall cease and the Surviving Corporation shall possess all of the rights, privileges, immunities, powers and franchises, as well of a public nature as of a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and all and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested in the Surviving Corporation without further act or deed, and the title to any real estate or any interest therein, vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible and liable for all the liabilities, obligations and penalties of each of the Constituent Corporations; and any claim existing or action or proceeding, civil or criminal, pending by or against either of said Constituent Corporations may be prosecuted as if the Merger had not taken place, or the Surviving Corporation may be substituted in its place, and any judgment rendered against either of the Constituent Corporations may thenceforth be enforced against the Surviving Corporation; and neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by the Merger.

Termination of Separate Existence. Upon the Effective Date, the separate existence of the Merged Corporation Americorp shall cease cease, and the Surviving Corporation shall thereupon and thereafter possess all of the rights, privileges, immunities, powers immunities and franchises, as well of a public nature as well as of a private nature, of each of the Constituent Corporations; and all property, real, personal and mixed, and all debts due on whatever account, and all other choses in action, and all each and every other interest of or belonging to or due to each of the Constituent Corporations shall be taken and deemed to be transferred to and vested invested in the Surviving Corporation without further act or deed, ; and the title to any real estate estate, or any interest therein, vested in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger. The Surviving Corporation shall thenceforth be responsible and liable for all the liabilities, liabilities and obligations and penalties of each of the Constituent Corporations; and any claim claims existing or action or proceeding, civil or criminal, proceeding pending by or against either of said the Constituent Corporations may be prosecuted as if the such Merger had not taken place, or the Surviving Corporation may be substituted in its place, and any judgment rendered against either of the Constituent Corporations may thenceforth be enforced against the Surviving Corporation; and neither . Neither the rights of creditors nor any liens upon the property of either of the Constituent Corporations shall be impaired by the Merger.