Common use of Successor Corporation Clause in Contracts

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities and the Indenture, the predecessor corporation will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities Debentures and the Indenture, the predecessor corporation will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities Notes and the Indenture and the transaction complies with the terms of Article V of the Indenture, the predecessor corporation will will, subject to certain exceptions, be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities Notes and the Indenture, the predecessor corporation will be released from those obligations, except that a lease of all or substantially all its assets does not release the predecessor from its obligations to pay the principal of and premium, if any, and interest, if any, on the Notes.

Successor Corporation. When In the event a successor corporation assumes all the obligations of its predecessor the Company under this Security, pursuant to the Securities terms hereof and of the Indenture, the predecessor corporation will Company shall be released from those all such obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities Debentures and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities Notes and the Indenture (and in accordance with the terms of the Indenture), the predecessor corporation will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities and the Indenture and the transaction complies with the terms of Article V of the Indenture, the predecessor corporation corporation, subject to certain exceptions, will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities and the IndentureDebenture, the predecessor corporation will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the --------------------- obligations of its predecessor under the Securities Notes and the Indenture, the predecessor corporation will be released from those obligations.

Successor Corporation. When In the event a successor corporation assumes all the obligations of its predecessor the Company under this Security, pursuant to the Securities terms hereof and of the Indenture, the predecessor corporation Company will be released from those all such obligations.

Successor Corporation. When a successor corporation assumes all of the obligations of its predecessor under the Securities Notes and the Indenture and the transaction complies with the terms of Article IV of the Indenture, the predecessor corporation will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities and the Indenturethis Note, the predecessor corporation will be released from those obligations.

Successor Corporation. When If a successor corporation assumes all the obligations of its predecessor under the Securities and the Indenturethis predecessor, Celerity Systems, Inc., the predecessor corporation will be released from those obligationsobligations under the Debenture.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities and the Indenture and the transaction complies with the terms of Article V of the Indenture, the predecessor corporation will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities and Notes, the IndentureIndenture or a Guarantee, the predecessor corporation will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities Notes and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities New Notes and the IndentureNote Exchange Agreement, the predecessor corporation will be released from those obligations.

Successor Corporation. [[NYCORP:2531275v4:3634W:08/15/05--04:10 p]] When a successor corporation assumes all the obligations of its predecessor under the Securities and the Indenture, the predecessor corporation will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities Notes and the Indenture, the predecessor corporation will be released from those obligations. 13.

Successor Corporation. When a successor corporation assumes all --------------------- the obligations of its predecessor under the Securities and the Indenture and the transaction complies with the terms of Article V of the Indenture, the predecessor corporation corporation, subject to certain exceptions, will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities Notes, the Indenture and, if applicable, the Collateral Documents and the transaction complies with the terms of the Indenture, the predecessor corporation will shall, except as provided in the Indenture, be released from those obligations.

Successor Corporation. When a successor corporation assumes all the --------------------- obligations of its predecessor under the Securities and the Indenture and the transaction complies with the terms of Article V of the Indenture, the predecessor corporation will will, subject to certain exceptions, be released from those obligations.

Successor Corporation. When In the event a successor corporation assumes all the obligations of its predecessor the Company under the Securities and the Indenture, pursuant to the predecessor corporation terms thereof, the Company will be released from those all such obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities 2039 Notes and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities 2019 Notes and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) be released from those obligations.

Successor Corporation. When a successor corporation assumes all of the obligations of its predecessor under the Securities Senior Notes and the Senior Indenture, the predecessor corporation will be released from those obligations, except that a lease of all or substantially all its assets does not release the predecessor from its obligations to pay the principal of and premium, if any, and interest, if any, on the Senior Notes.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities Notes and the Indenture and the transaction complies with the terms of Article V of the Indenture, the predecessor corporation will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities 2023 Notes and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) be released from those obligations.

Successor Corporation. When a successor corporation assumes all --------------------- the obligations of its predecessor under the Securities Senior Secured Notes and the Indenture and the transaction complies with the terms of Article V of the Indenture, the predecessor corporation will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities and the Indenture, the predecessor corporation will be released from those obligations.. [[NYCORP:2552346v6:4259b:11/07/05--10:59 p]]

Successor Corporation. When a successor corporation assumes all of the obligations of its predecessor under the Securities Subordinated Notes and the Subordinated Indenture, the predecessor corporation will be released from those obligations, except that a lease of all or substantially all its assets does not release the predecessor from its obligations to pay the principal of and premium, if any, and interest, if any, on the Subordinated Notes.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities and the Indenture, the predecessor corporation will be released from those obligations.obligations./5/

Successor Corporation. When a successor corporation or other entity assumes all the obligations of its predecessor under the Securities Notes and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation or other entity will (except in certain circumstances specified in the Indenture) be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities and the IndentureIndenture and immediately thereafter no default exists, the predecessor corporation will be released from those obligations.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities and the Indenture, the predecessor corporation will be released from those obligations. -------------------- * If applicable.

Successor Corporation. When a successor corporation assumes all the obligations of its predecessor under the Securities 2043 Notes and the Indenture in accordance with the terms and conditions of the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) be released from those obligations.