Common use of Successor Corporation Substituted for Company Clause in Contracts

Successor Corporation Substituted for Company. Upon any consolidation with or merger into any other corporation, or any conveyance or transfer of the properties and assets of the Company substantially as an entirety in accordance with Section 10.01, the successor corporation formed by such consolidation or into which the Company is merged or the successor Person to which such conveyance or transfer is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor had been named as the Company herein, and thereafter the predecessor corporation shall be relieved of all obligations and covenants under this Indenture and the Debt Securities.

Appears in 4 contracts

Samples: Indenture (Countrywide Financial Corp), Indenture (Countrywide Home Loans Inc), Countrywide Home Loans Inc

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Successor Corporation Substituted for Company. Upon any consolidation with or merger into any other corporation, or any conveyance conveyance, transfer or transfer lease of the properties and assets of the Company substantially as an entirety to any Person in accordance with Section 10.018.01, the successor corporation Person formed by such consolidation or into which the Company is merged or the successor Person to which such conveyance conveyance, transfer or transfer lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein, and thereafter thereafter, the predecessor corporation Company shall be relieved of all obligations and covenants under this Indenture and the Debt Securities.. ARTICLE NINE

Appears in 2 contracts

Samples: Eagle Bancorp Inc, Eagle Bancorp Inc

Successor Corporation Substituted for Company. Upon any consolidation with or merger into any other corporation, or any conveyance conveyance, transfer or transfer lease of the properties and assets of the Company substantially as an entirety to any Person in accordance with Section 10.018.01, the successor corporation Person formed by such consolidation or into which the Company is merged or the successor Person to which such conveyance conveyance, transfer or transfer lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor Person had been named as the Company herein, and thereafter thereafter, the predecessor corporation Company shall be relieved of all obligations and covenants under this Indenture and the Debt Securities.

Appears in 2 contracts

Samples: Subordinated Indenture (Union Bankshares Corp), BNC Bancorp

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Successor Corporation Substituted for Company. Upon any consolidation with or merger into any other corporation, or any conveyance conveyance, transfer or transfer lease of the properties and assets of the Company substantially as an entirety to any Person in accordance with Section 10.01901, the successor 45 55 corporation formed by such consolidation or into which the Company is merged or the successor Person to which such conveyance conveyance, transfer or transfer lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor corporation had been named as the Company herein, and thereafter thereafter, except in the case of a lease to another Person, the predecessor corporation shall be relieved of all obligations and covenants under this Indenture and the Debt Securities.

Appears in 1 contract

Samples: Indenture (Mellon Financial Corp)

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