Successor Entity Sample Clauses
The Successor Entity clause defines how rights and obligations under an agreement are transferred if one party undergoes a merger, acquisition, or other structural change resulting in a new legal entity. Typically, this clause ensures that the new or surviving entity automatically assumes all responsibilities and benefits of the original party, maintaining continuity of the contract. Its core function is to prevent disruption or uncertainty in contractual relationships when organizational changes occur, thereby protecting both parties from unintended termination or gaps in obligations.
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Successor Entity. When a successor entity assumes, in accordance with the Indenture, all the obligations of its predecessor under the Notes and the Indenture, and immediately before and thereafter no Default or Event of Default exists and all other conditions of the Indenture are satisfied, the predecessor entity shall be released from those obligations.
Successor Entity. The Company shall not change its form of organization (i.e., to a corporation, partnership or other form of entity), or merge or consolidate into any other Person, unless such changed or successor entity agrees to be bound by this Agreement.
Successor Entity. 38 Section 10.01 Company May Consolidate, Etc..................................................... 38 Section 10.02 Successor Entity Substituted..................................................... 39 Section 10.03 Evidence of Consolidation, Etc. to Trustee....................................... 39
Successor Entity. When a successor entity duly assumes all of the obligations and covenants of the Company pursuant to the Indenture and the Notes, except in the case of a lease, the predecessor entity shall be relieved of all such obligations.
Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and the Indenture and immediately before and thereafter no Default exists and certain other conditions are satisfied, the predecessor corporation will be released from those obligations.
Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes, the Indenture and the Security Documents and immediately before and thereafter no Default exists and certain other conditions are satisfied, the predecessor corporation will be released from those obligations.
Successor Entity. A "Successor Entity" is defined as a person or entity, other than the Company, which acquires all, or substantially all of, the stock or assets of the Company as a result of a transaction or series of transactions which resulted in a Change In Control.
Successor Entity. When a successor entity assumes, in accordance with the Indenture, all the obligations of its predecessor under the Notes and the Indenture, and immediately before and thereafter no Default or Event of Default exists and all other conditions of the Indenture are satisfied, the predecessor entity will be released from those obligations. The Company will furnish to any Holder upon written request and without charge a copy of the Indenture and/or the Registration Rights Agreement. Requests may be made to: Acadia Healthcare Company, Inc. ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ASSIGNMENT FORM To assign this Note, fill in the form below:
(I) or (we) assign and transfer this Note to: and irrevocably appoint attorney to transfer this Note on the books of the Company. The attorney may substitute another to act for him. Date:
Successor Entity. When a successor Person 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 Person (except in certain circumstances specified in the Indenture) shall be released from those obligations.
Successor Entity. The term "Successor Entity" shall ---------------- have the meaning ascribed to such term in Section 2.4(a)(viii)(B) of this Agreement.