Common use of Succession and Substitution Clause in Contracts

Succession and Substitution. Pursuant to, and in compliance and in accordance with, Section 11.3 of the Base Indenture, the Parent Guarantor, from and after the Effective Time, by virtue of the aforesaid assumption and the delivery of this Fourth Supplemental Indenture, shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under the Indenture, with the same effect as if the Parent Guarantor had originally been named in the Indenture as the Guarantor, and the Guarantor shall be discharged from all obligations and covenants under the Indenture and the Notes.

Appears in 1 contract

Samples: Fourth Supplemental Indenture (Renaissancere Holdings LTD)

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Succession and Substitution. Pursuant to, and in compliance and in accordance with, Section 11.3 8.2 of the Base Indenture, the Parent Successor Guarantor, from and after the Effective Time, by virtue of the aforesaid assumption and the delivery of this Fourth Third Supplemental Indenture, shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under the Indenture, with the same effect as if the Parent Successor Guarantor had originally been named in the Indenture as the Guarantor, and the Guarantor shall be discharged from all obligations and covenants under the Indenture and the NotesSecurities.

Appears in 1 contract

Samples: Third Supplemental Indenture (Validus Holdings LTD)

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Succession and Substitution. Pursuant to, and in compliance and in accordance with, Section 11.3 8.2 of the Base Indenture, the Parent Successor Guarantor, from and after the Effective Time, by virtue of the aforesaid assumption and the delivery of this Fourth Second Supplemental Indenture, shall succeed to, and be substituted for, and may exercise every right and power of, the Guarantor under the Indenture, with the same effect as if the Parent Successor Guarantor had originally been named in the Indenture as the Guarantor, and the Guarantor shall be discharged from all obligations and covenants under the Indenture and the NotesSecurities.

Appears in 1 contract

Samples: Second Supplemental Indenture (Validus Holdings LTD)

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