Substitution of the Issuer. Notwithstanding any other provision contained in this Indenture, the Issuer may, without the consent of the Holders, be replaced and substituted by any Wholly-Owned Subsidiary of the Company as principal debtor (in such capacity, the “Substituted Debtor”) in respect of the Notes, provided that:
Substitution of the Issuer. The Company, any other Guarantor or a Finance Subsidiary (a “Successor”) may assume the obligations of the Issuer under the Notes, by executing and delivering to the Trustee (a) a supplemental indenture which subjects such person to all of the provisions of the Indenture and (b) an opinion of counsel to the effect that such supplemental indenture has been duly authorized and executed by such Person, and constitutes the legal, valid, binding and enforceable obligation of such Person, subject to customary exceptions; provided that (i) the Successor is formed under the laws of the United States of America, or any State thereof or the District of Columbia, Germany, the United Kingdom or any other member state of the European Union as of December 31, 2003 and (ii) no Additional Amounts would be or become payable with respect to the Notes at the time of such assumption, or as result of any change in the laws of the jurisdiction of formation of such Successor that was reasonably foreseeable at such time. The Successor shall succeed to, and be substituted for, and may exercise every right and power of, the Issuer under the Indenture with the same effect as if it were the Issuer thereunder, and the former Issuer shall be discharged from all obligations and covenants under this Indenture and the Notes.
Substitution of the Issuer. Notwithstanding any other provision contained in this Indenture,
Substitution of the Issuer. The Issuer may, without the consent of any Holder of the Notes, be replaced and substituted by any direct or indirect Subsidiary of the Parent Guarantor as principal debtor in respect of the Notes (in that capacity, the “Substituted Issuer”); provided that the following conditions are satisfied:
Substitution of the Issuer. The Company may, without the consent of any Holder of the Securities, be substituted by any (i) Wholly-owned Subsidiary of the Company or (ii) direct or indirect parent of the Company, of which the Company is a Wholly-owned Subsidiary (in that capacity, the “Substituted Debtor”); provided, that the following conditions are satisfied:
Substitution of the Issuer. Section 12.01 Substitution of the Issuer 62 Section 12.02 Notice 63 Section 12.03 Deemed Substitution 63 ARTICLE 13 [RESERVED]
Substitution of the Issuer. The Trustee may, without the consent of the Noteholders or Couponholders, agree with the Issuer to the substitution of the Issuer (or of any previous substitute) as the principal debtor under the Notes, the Coupons and the Trust Deed, by its Successor in Business or by any Subsidiary of the Issuer subject, in the case of the substitution by a Subsidiary of the Issuer, to the unconditional and irrevocable guarantee of the Issuer being given in respect of the Notes, to the Trustee being satisfied that the interests of the Noteholders will not be materially prejudiced thereby and to certain other conditions set out in the Trust Deed being complied with. For the purpose of this Condition 14.3:
Substitution of the Issuer. (a) The Issuer (which for the purpose of this Condition, save where the context requires otherwise, includes any previous substitute of the Issuer) under this Condition may and the Noteholders and the Couponholders hereby irrevocably agree in advance that the Issuer under this Condition may at any time substitute any company (incorporated in any country in the world), of which more than 90 per cent. of the shares or other equity interest carrying voting rights are directly or indirectly held by the Issuer, as the principal debtor in respect of the Notes (any such company, the “Substituted Debtor”), provided that:
Substitution of the Issuer. (a) Notwithstanding any other provision contained in this Indenture, (i) the Issuer may, without the consent of any Holder (and by purchasing any Securities, each Holder expressly consents to the provisions of this Section 9.03), be substituted by (i) the Company or (ii) any Wholly-Owned Subsidiary of the Company as principal debtor in respect of the Securities (in each case, in such capacity, the “Successor Issuer”); provided that the following conditions are satisfied:
Substitution of the Issuer. The Issuer may, without the consent of the Holders, at any time, substitute for itself as principal debtor under the MACCS any non-Swiss company that is not resident in Switzerland for Swiss tax purposes and in which the Issuer or CSG directly or indirectly hold at least 95 per cent. of the capital and voting rights (any such entity, a Substitute Issuer), provided that:
