Common use of Successor Entity Clause in Contracts

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.

Appears in 35 contracts

Samples: Indenture (Federal Mogul Corp), Indenture (United Industries Corp), Pledge and Intercreditor Agreement (Pierce Leahy Corp)

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Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes Securities and the Indenture in accordance with the terms and immediately before and thereafter no Default exists and certain other conditions are satisfiedof the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) shall be released from those obligations.

Appears in 26 contracts

Samples: Indenture (Morgans Hotel Group Co.), First Supplemental Indenture (DHT Holdings, Inc.), Supplemental Indenture (DHT Holdings, Inc.)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Senior 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.

Appears in 15 contracts

Samples: Supplemental Indenture (Superior Essex Inc), Genesis Health (Genesis Health Ventures Inc /Pa), Indenture (Genesis Health Ventures Inc /Pa)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and the Indenture in accordance with the terms and immediately before and thereafter no Default exists and certain other conditions are satisfiedof the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) be released from those obligations.

Appears in 13 contracts

Samples: Indenture (Americredit Corp), Indenture (Ask Jeeves Inc), Indenture (Flextronics International LTD)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and the Indenture in accordance with the terms and immediately before and thereafter no Default exists and certain other conditions are satisfiedof the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) shall be released from those obligations.

Appears in 12 contracts

Samples: Bausch Health Companies (Bausch Health Companies Inc.), Bausch Health Companies (Bausch Health Companies Inc.), Indenture (Biomarin Pharmaceutical Inc)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes Securities and the Indenture in accordance with the terms and immediately before and thereafter no Default exists and certain other conditions are satisfiedof the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) be released from those obligations.

Appears in 4 contracts

Samples: Purchase Agreement (Lexar Media Inc), Indenture (Bell Microproducts Inc), Indenture (Thoratec Corp)

Successor Entity. When a successor corporation or other entity 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 or entity will be released from those obligations.

Appears in 3 contracts

Samples: Petro, Inc., Petro Distributing, Inc., Petro Stopping Centers L P

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes Securities 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.

Appears in 3 contracts

Samples: Indenture (Samsonite Corp/Fl), Indenture (Samsonite Corp/Fl), Indenture (Fairfield Manufacturing Co Inc)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and the Indenture in accordance with the terms and immediately before and thereafter no Default exists and certain other conditions are satisfiedof the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) shall be released discharged from those obligations.

Appears in 2 contracts

Samples: Indenture (Veritas Software Corp /De/), Indenture (Symantec Corp)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and Securities, the Indenture or the Guarantee in accordance with the terms and immediately before and thereafter no Default exists and certain other conditions are satisfiedof the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) shall be released from those obligations.

Appears in 2 contracts

Samples: Indenture (Bowater Inc), Indenture (AbitibiBowater Inc.)

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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 (except as provided in the Indenture) will be released from those obligations.

Appears in 1 contract

Samples: D&f Industries Inc

Successor Entity. When a successor corporation assumes all the obligations obliga tions 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.

Appears in 1 contract

Samples: International Shipholding Corp

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and the Indenture Purchase Agreement in accordance with the terms and immediately before and thereafter no Default exists and certain other conditions are satisfiedof the Purchase Agreement, the predecessor corporation will (except in certain circumstances specified in the Purchase Agreement) shall be released from those obligations.

Appears in 1 contract

Samples: MoSys, Inc.

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and the A-6 122 Indenture and immediately before and thereafter no Default exists and certain other conditions are satisfied, the predecessor corporation will be released from those obligations.

Appears in 1 contract

Samples: Indenture (Outdoor Systems Inc)

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 Event of Default or event, with the giving of notice or passage of time or both, would constitute an Event of Default, exists and certain other conditions are satisfied, the predecessor corporation will be released from those obligations.

Appears in 1 contract

Samples: Submicron Systems Corp

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