Common use of Successor Company Substituted Clause in Contracts

Successor Company Substituted. Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the assets of the Company and its Subsidiaries taken as a whole in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof, the Successor Company shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, lease, conveyance or other disposition, the provisions of this Indenture referring to the “Company” shall refer instead to the Successor Company and not to the Company), and may exercise every right and power of the Company under this Indenture with the same effect as if the Successor Company had been named as the Company herein; provided, however, that the predecessor Company shall not be relieved from the obligation to pay the principal of, interest, premium (if any) on the Notes except in the case of a sale of all of the Company’s assets in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof.

Appears in 6 contracts

Samples: Vistra Corp., Indenture (Vistra Corp.), Supplemental Indenture (Vistra Energy Corp.)

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Successor Company Substituted. Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries taken as a whole in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof, the Successor successor Person formed by such consolidation or into or with which the Company is merged or to which such sale, assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition, the provisions of this Indenture hereof referring to the “Company” shall refer instead to the Successor Company successor Person and not to the Company), and may exercise every right and power of the Company under this Indenture hereunder with the same effect as if the Successor Company such successor Person had been named as the Company herein; provided, however, that the predecessor Company shall not be relieved from the obligation to pay the principal of, premium on, if any, and interest, premium (if any) on , on, the Notes except in the case of a sale of all of the Company’s assets in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof.

Appears in 5 contracts

Samples: Supplemental Indenture (Oasis Midstream Partners LP), Indenture (Viper Energy Partners LP), Indenture (Rattler Midstream Lp)

Successor Company Substituted. Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the properties or assets of the Company and its Subsidiaries taken as a whole in a transaction that is subject to, and that complies accordance with the provisions of, Section 5.01 hereof, the Successor Company Company, if any, shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, lease, conveyance or other disposition, the provisions of this Indenture referring to the “Company” shall refer instead to the Successor Company and not to the Company), and may exercise every right and power of the Company under this Indenture with the same effect as if the Successor Company such successor Person had been named as the Company herein; provided, however, provided that the predecessor Company shall not be relieved from the obligation to pay the principal of, of and interest, premium (if any) , on the Notes except in the case of a sale sale, assignment, transfer, conveyance or other disposition of all of the Company’s properties or assets in a transaction that is subject to, and that complies with meets the provisions of, requirements of Section 5.01 hereof.

Appears in 4 contracts

Samples: Indenture (Asbury Automotive Group Inc), Indenture (Asbury Automotive Group Inc), Supplemental Indenture (Asbury Automotive Group Inc)

Successor Company Substituted. Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the properties or assets of the Company and its Subsidiaries taken as a whole in a transaction that is subject to, and that complies accordance with the provisions of, Section 5.01 hereof, the Successor Company shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, lease, conveyance or other disposition, the provisions of this Indenture referring to the “Company” shall refer instead to the Successor Company and not to the Company), and may exercise every right and power of the Company under this Indenture with the same effect as if the Successor Company such successor Person had been named as the Company herein; provided, however, provided that the predecessor Company shall not be relieved from the obligation to pay the principal ofof and interest and Special Interest, interest, premium (if any) , on the Notes except in the case of a sale sale, assignment, transfer, conveyance or other disposition of all of the Company’s properties or assets in a transaction that is subject to, and that complies with meets the provisions of, requirements of Section 5.01 hereof.

Appears in 4 contracts

Samples: Indenture (Asbury Automotive Group Inc), Indenture (Asbury Automotive Group Inc), Supplemental Indenture (Asbury Automotive Group Inc)

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Successor Company Substituted. Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the assets of the Company and its Subsidiaries taken as a whole in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof, the Successor Company shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, lease, conveyance or other disposition, the provisions of this Indenture referring to the “Company” shall refer instead to the Successor Company and not to the Company), and may exercise every right and power of the Company under this Indenture with the same effect as if the Successor Company had been named as the Company herein; provided, however, that the predecessor Company shall not be relieved from the obligation to pay the principal of, interest, premium (if any) on the Notes Securities except in the case of a sale of all of the Company’s assets in a transaction that is subject to, and that complies with the provisions of, Section 5.01 hereof.

Appears in 2 contracts

Samples: Indenture (Vistra Corp.), Vistra Energy Corp.

Successor Company Substituted. Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the properties or assets of the Company and its Subsidiaries taken as a whole in a transaction that is subject to, and that complies accordance with the provisions of, Section 5.01 hereof, the Successor Company shall succeed to, and be substituted for (so that from and after the date of such consolidation, merger, sale, lease, conveyance or other disposition, the provisions of this Indenture referring to the “Company” "COMPANY" shall refer instead to the Successor Company and not to the Company), and may exercise every right and power of the Company under this Indenture with the same effect as if the Successor Company such successor Person -55- had been named as the Company herein; provided, however, provided that the predecessor Company shall not be relieved from the obligation to pay the principal ofof and interest and Special Interest, interest, premium (if any) , on the Notes except in the case of a sale sale, assignment, transfer, conveyance or other disposition of all of the Company’s 's properties or assets in a transaction that is subject to, and that complies with meets the provisions of, requirements of Section 5.01 hereof.

Appears in 1 contract

Samples: Crown Battleground LLC

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