Common use of Amalgamation Clause in Contracts

Amalgamation. If any Debtor is a corporation, such Debtor acknowledges that if it amalgamates or merges with any other corporation or corporations, then (i) the Collateral and the Security Interests of such Debtor shall extend to and include all the property and assets of the amalgamated corporation and to any property or assets of the amalgamated corporation thereafter owned or acquired, (ii) the term “Debtor”, where used in this Agreement, shall extend to and include the amalgamated corporation, and (iii) the term “Obligations”, where used in this Agreement, shall extend to and include the Obligations of the amalgamated corporation.

Appears in 1 contract

Sources: General Security Agreement (Emtec Inc/Nj)

Amalgamation. If any Debtor is a corporation, such The Debtor acknowledges that if it amalgamates or merges with any other corporation or corporationscompany, then (i) the Collateral and the Security Interests of such Debtor Interest shall extend to and include all of the undertaking, rights, property and assets of each of the amalgamating corporations or companies and all of the undertaking, rights, property and assets of the amalgamated corporation and to any property or assets of the amalgamated corporation company thereafter owned or acquired, (ii) the term “Debtor”, where used in this Agreement, shall extend to and include the amalgamating corporations or companies and the amalgamated corporationcorporation or company, and (iii) the term “Obligations”, where used in this Agreement, Agreement shall extend to and include the “Obligations” of the amalgamating corporations or companies and the Obligations of the amalgamated corporationcorporation or company.

Appears in 1 contract

Sources: General Security Agreement (Astris Energi Inc)

Amalgamation. If any Debtor is a corporation, such Debtor The Borrower acknowledges that if it amalgamates or merges with any other corporation or corporations, then (i) the Collateral and the Security Interests of such Debtor shall extend to and include all the property and assets of the amalgamated corporation and to any property or assets of the amalgamated corporation thereafter owned or acquired, (ii) the term “DebtorBorrower”, where used in this Agreement, shall extend to and include the amalgamated corporation, and (iii) the term “ObligationsSecured Liabilities”, where used in this Agreement, shall extend to and include the Obligations Secured Liabilities of the amalgamated corporation.

Appears in 1 contract

Sources: General Security Agreement (Akanda Corp.)

Amalgamation. If any the Debtor is a corporation, such the Debtor acknowledges that if it amalgamates or merges with any other corporation or corporations, then (i) the Collateral and the Security Interests of such Debtor shall will extend to and include all the property and assets of the amalgamated corporation and to any property or assets of the amalgamated corporation thereafter owned or acquired, (ii) the term “Debtor”, where used in this Agreement, shall will extend to and include the amalgamated corporation, and (iii) the term “Obligations”, where used in this Agreement, shall will extend to and include the Obligations of the amalgamated corporation.

Appears in 1 contract

Sources: General Security Agreement (Universal Security Instruments Inc)

Amalgamation. If any the Debtor is a corporation, such the Debtor acknowledges that if it amalgamates or merges amalgamation with any other corporation or corporations, then (i) the Collateral and the Security Interests of such Debtor shall created by this Agreement will extend to and include all the property and assets of the amalgamated amalgamation corporation and to any property or assets of the amalgamated amalgamation corporation thereafter owned or acquired, (ii) the term "Debtor', where used in this Agreement, shall Agreement will extend to and include the amalgamated corporation, and (iii) the term “Obligations”"Liabilities", where used in this Agreement, shall Agreement will extend to and include the Obligations Liabilities of the amalgamated amalgamation corporation.

Appears in 1 contract

Sources: General Security Agreement (Neutron Enterprises Inc)

Amalgamation. If any the Debtor is a corporation, such the Debtor acknowledges that if it amalgamates or merges with any other corporation or corporations, then (i) the Collateral and the Security Interests of such Debtor shall will extend to and include all the property and assets of the amalgamated corporation and to any property or assets of the amalgamated corporation thereafter owned or acquired, (ii) the term “Debtor”, where used in this Agreement, shall will extend to and include the amalgamated corporation, and (iii) the term “ObligationsSecured Liabilities”, where used in this Agreement, shall will extend to and include the Obligations Secured Liabilities of the amalgamated corporation.

Appears in 1 contract

Sources: Credit Agreement (Mirion Technologies, Inc.)

Amalgamation. If any the Debtor is a corporation, such the Debtor acknowledges that if it amalgamates or merges with any other corporation or corporations, then (i) the Collateral and the Security Interests of such Debtor shall security interests created by this Agreement will extend to and include all the property and assets of the amalgamated corporation and to any property or assets of the amalgamated corporation thereafter owned or acquired, (ii) the term "Debtor", where used in this Agreement, shall will extend to and include the amalgamated corporation, and (iii) the term "Obligations", where used in this Agreement, shall will extend to and include the Obligations of the amalgamated corporation.

Appears in 1 contract

Sources: General Security Agreement (Iron Age Corp)

Amalgamation. If any Debtor the Borrower is a corporation, such Debtor the Borrower acknowledges that if it amalgamates or merges with any other corporation or corporations, then (i) the Collateral and the Security Interests of such Debtor shall extend to and include all the property and assets of the amalgamated corporation and to any property or assets of the amalgamated corporation thereafter owned or acquired, (ii) the term “Debtor”"the Borrower", where used in this Agreement, shall extend to and include the amalgamated corporation, and (iii) the term “Obligations”"Secured Liabilities", where used in this Agreement, shall extend to and include the Obligations Secured Liabilities of the amalgamated corporation.

Appears in 1 contract

Sources: Convertible Loan Agreement

Amalgamation. If any Debtor the Borrower is a corporation, such Debtor the Borrower acknowledges that if it amalgamates or merges with any other corporation or corporations, then (i) the Collateral and the Security Interests of such Debtor shall extend to and include all the property and assets of the amalgamated corporation and to any property or assets of the amalgamated corporation thereafter owned or acquired, (ii) the term “Debtor”"Borrower", where used in this Agreement, shall extend to and include the amalgamated corporation, and (iii) the term “Obligations”"Secured Liabilities", where used in this Agreement, shall extend to and include the Obligations Secured Liabilities of the amalgamated corporation.

Appears in 1 contract

Sources: Convertible Loan Agreement

Amalgamation. If any Debtor is a corporationcorporation or other body corporate, such Debtor acknowledges that if it amalgamates or merges with any other corporation or corporationscorporations or bodies corporate, then (i) the Collateral and the Security Interests of such Debtor shall will extend to and include all the property and assets of the amalgamated corporation and to any property or assets of the amalgamated corporation thereafter owned or acquired, (ii) the term “Debtor”, where used in this Agreement, shall will extend to and include the amalgamated corporationcorporation or other body corporate, and (iii) the term “Obligations”, where used in this Agreement, shall will extend to and include the Obligations of the amalgamated corporationcorporation or other body corporate.

Appears in 1 contract

Sources: Credit Agreement (Smurfit Stone Container Corp)