Common use of Succession and Substitution Clause in Contracts

Succession and Substitution. The Continuing Corporation, from and after the Effective Time, by virtue of the aforesaid assumption and the delivery of this Second Supplemental Indenture, shall succeed to and be substituted for and may exercise every right and power of the Company under the Indenture with the same effect as if the Continuing Corporation had been named as the Company in the Indenture.

Appears in 3 contracts

Samples: First Union Corp, First Union Corp, First Union Corp

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Succession and Substitution. The Continuing Corporation, from and after the Effective Time, by virtue of the aforesaid assumption and the delivery of this Second First Supplemental Indenture, shall succeed to and be substituted for and may exercise every right and power of the Company Guarantor under the Indenture and under the Guarantees with the same effect as if the Continuing Corporation had been named as the Company Guarantor in the IndentureIndenture and under the Guarantees.

Appears in 1 contract

Samples: First Supplemental Indenture (Qwest Communications International Inc)

Succession and Substitution. The Continuing Corporation, from and after the Effective Time, by virtue of the aforesaid assumption and the delivery of this Second Third Supplemental Indenture, shall succeed to and be substituted for and may exercise every right and power of the Company under the Indenture with the same effect as if the Continuing Corporation had been named as the Company in the Indenture.

Appears in 1 contract

Samples: Supplemental Indenture (First Union Corp)

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Succession and Substitution. The Continuing Corporation, from and after the Effective Time, by virtue of the aforesaid assumption and the delivery of this Second Third Supplemental Indenture, shall succeed to and be substituted for and may exercise every right and power of the Company FUNC-VA under the Indenture with the same effect as if the Continuing Corporation had been named as the Company in the Indenture.

Appears in 1 contract

Samples: First Union Corp

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