Common use of Vesting of Powers in Successor Clause in Contracts

Vesting of Powers in Successor. Whenever the conditions of Section 8.1 have been duly observed and performed, the Successor Corporation shall possess and from time to time may exercise each and every right and power of the Corporation under this Agreement in the name of the Corporation or otherwise and any act or proceeding by any provision of this Agreement required to be done or performed by any Directors or officers of the Corporation may be done and performed with like force and effect by the directors or officers of such Successor Corporation.

Appears in 9 contracts

Samples: Warrant Agency Agreement (Ayr Wellness Inc.), Warrant Agency Agreement (TPCO Holding Corp.), Warrant Agency Agreement (Bespoke Capital Acquisition Corp)

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Vesting of Powers in Successor. Whenever the conditions of Section 8.1 9.1 have been duly observed and performed, the Successor Corporation Company shall possess and from time to time may exercise each and every right and power of the Corporation Company, under this Agreement Debenture in the name of the Corporation Company or otherwise and any act or proceeding by any provision of this Agreement Debenture required to be done or performed by the directors or any Directors or officers of the Corporation Company may be done and performed with like force and effect by the directors or the like officer or officers of such Successor CorporationCompany.

Appears in 5 contracts

Samples: Subscription Agreement (Newgioco Group, Inc.), Subscription Agreement (Newgioco Group, Inc.), Subscription Agreement (Newgioco Group, Inc.)

Vesting of Powers in Successor. Whenever the conditions of Section 8.1 9.1 have been duly observed and performed, performed the Successor Corporation successor corporation shall possess and from time to time may exercise each and every right and power of the Corporation Company under this Agreement Indenture in the name of the Corporation Company or otherwise and any act or proceeding by any provision of this Agreement Indenture required to be done or performed by any Directors directors or officers of the Corporation Company may be done and performed with like force and effect by the directors or officers of such Successor Corporationsuccessor corporation.

Appears in 2 contracts

Samples: Trust Indenture (Blue Earth Refineries Inc.), Trust Indenture (MFC Bancorp LTD)

Vesting of Powers in Successor. Whenever the conditions of Section section 8.1 have been duly observed and performed, the Successor Corporation shall possess and from time to time may exercise each and every right and power of the Corporation Company under this Agreement Indenture in the name of the Corporation Company or otherwise and any act or proceeding by any provision of this Agreement Indenture required to be done or performed by any Directors or officers of the Corporation Company may be done and performed with like force and effect by the directors Directors or officers of such Successor Corporation.

Appears in 2 contracts

Samples: Special Warrant Indenture, Special Warrant Indenture (Sandspring Resources Ltd.)

Vesting of Powers in Successor. Whenever the conditions of Section 8.1 have been duly observed and performed, or are not required pursuant to Section 8.1, a successor corporation to the Successor Corporation shall possess and from time to time may exercise each and every right and power of the Corporation under this Agreement Indenture in the name of the Corporation or otherwise and any act or proceeding by any provision of this Agreement Indenture required to be done or performed by any Directors directors or officers of the Corporation may be done and performed with like force and effect by the like directors or officers of such Successor Corporationsuccessor corporation.

Appears in 1 contract

Samples: Trust Indenture

Vesting of Powers in Successor. Whenever the conditions of Section 8.1 Subsection 9.1 have been duly observed and performed, the Successor Corporation successor corporation shall possess and from time to time may exercise each and every right and power of the Corporation under this Agreement indenture in the name of the Corporation or otherwise and any act or proceeding by any provision of this Agreement indenture required to be done or performed by any Directors directors or officers of the Corporation may be done and performed with like force and effect by the directors or officers of such Successor Corporationsuccessor corporation.

Appears in 1 contract

Samples: Trust Indenture (Poly-Pacific International Inc.)

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Vesting of Powers in Successor. Whenever the conditions of Section 8.1 have been duly observed and performed, the Successor Corporation shall possess and from time to time may exercise each and every right and power of the Corporation under this Agreement Indenture in the name of the Corporation or otherwise and any act or proceeding by any provision of this Agreement Indenture required to be done or performed by any Directors or officers of the Corporation may be done and performed with like force and effect by the directors Directors or officers of such Successor Corporation.

Appears in 1 contract

Samples: Warrant Indenture

Vesting of Powers in Successor. Whenever the conditions of Section 8.1 9.1 have been duly observed and performed, the Successor Corporation shall possess and from time to time may exercise each and every right and power of the Corporation under this Agreement in the name of the Corporation or otherwise and any act or proceeding by any provision of this Agreement required to be done or performed by any Directors or officers of the Corporation may be done and performed with like force and effect by the directors or officers of such Successor Corporation.

Appears in 1 contract

Samples: Warrant Agency Agreement (Columbia Care Inc.)

Vesting of Powers in Successor. Whenever the conditions of Section 8.1 have been duly observed and performed, or are not required pursuant to Section 8.1, a successor company to the Successor Corporation shall possess and from time to time may exercise each and every right and power of the Corporation under this Agreement Indenture in the name of the Corporation or otherwise and any act or proceeding by any provision of this Agreement Indenture required to be done or performed by any Directors directors or officers of the Corporation may be done and performed with like force and effect by the like directors or officers of such Successor Corporationsuccessor company.

Appears in 1 contract

Samples: Trust Indenture (Talisman Energy Inc)

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