Common use of Creditors’ Rights Clause in Contracts

Creditors’ Rights. All rights of creditors against the property, rights, privileges, assets and franchises of one or both of the Parties and all liens upon their property, rights and assets shall be unimpaired by the amalgamation and all debts, contracts, liabilities and duties of the Parties shall attach to the Amalgamated Corporation and may be enforced against it.

Creditors’ Rights. 19. All rights of creditors against the property, rights, privileges, assets and franchises of one or both more of the Parties and all liens upon their property, rights and assets shall be unimpaired by the amalgamation and all debts, contracts, liabilities and duties of the Parties shall attach to the Amalgamated Corporation and may be enforced against it.