Common use of Vesting of Powers in Successor Clause in Contracts

Vesting of Powers in Successor. Whenever the conditions of Section 11.1 have been duly observed and performed, the parties, if required by Section 11.1, shall execute and deliver the supplemental agreement provided for in Section 11.1(a) and thereupon the Holdings Successor shall possess and from time to time may exercise each and every right and power of Holdings under this Agreement in the name of Holdings or otherwise and any act or proceeding by any provision of this Agreement required to be done or performed by the Holdings Board of Directors or any officers of Holdings may be done and performed with like force and effect by the directors or officers of such Holdings Successor.

Vesting of Powers in Successor. Whenever the conditions of Section 11.1 have been duly observed and performed, the partiesTrustee, Holdings Successor and the Partnership shall, if required by Section 11.1, shall execute and deliver the supplemental trust agreement provided for in Section 11.1(a) Article 12 and thereupon the Holdings Successor shall possess and from time to time may exercise each and every right and power of Holdings under this Agreement in the name of Holdings or otherwise and any act or proceeding by any provision of this Agreement required to be done or performed by the Holdings Board of Directors or any officers of Holdings may be done and performed with like force and effect by the directors or officers of such Holdings Successor.

Vesting of Powers in Successor. Whenever the conditions of Section 11.1 10.1 have been duly observed and performed, the partiesTrustee, Holdings Successor and the Partnership shall, if required by Section 11.110.1, shall execute and deliver the supplemental trust agreement provided for in Section 11.1(a) Article 11 and thereupon the Holdings Successor shall possess and from time to time may exercise each and every right and power of Holdings under this Agreement in the name of Holdings or otherwise and any act or proceeding by any provision of this Agreement required to be done or performed by the Holdings Board of Directors or any officers of Holdings may be done and performed with like force and effect by the directors or officers of such Holdings Successor.