Common use of Successor Person Substituted for Company Clause in Contracts

Successor Person Substituted for Company. Upon any consolidation or merger or any conveyance, transfer or lease of all or substantially all the properties and assets of the Company to any Person in accordance with Section 801, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or 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, except in the case of a lease to another Person, the predecessor Person shall be released from all obligations and covenants under this Indenture and the Notes. ARTICLE NINE

Appears in 3 contracts

Samples: Indenture (Callon Petroleum Co), Indenture (Callon Petroleum Co), Callon Petroleum Co

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Successor Person Substituted for Company. Upon any consolidation or merger or any conveyance, transfer or lease of all or substantially all the properties and assets of the Company substantially as an entirety to any Person in accordance with Section 801, the successor Person formed by such consolidation or into which the Company is merged or to which which, such conveyance, transfer or 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, except in the case of a lease to another Person, the predecessor Person shall be released from all obligations and covenants under this Indenture and the NotesSecurities. ARTICLE NINE

Appears in 1 contract

Samples: Consumer Portfolio Services Inc

Successor Person Substituted for Company. Upon any consolidation or merger or any conveyance, transfer or lease of all or substantially all the properties and assets of the Company as an entirety or substantially as an entirety to any Person in accordance with Section 801, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or 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, except in the case of a lease to another Person, the predecessor Person shall be released from all obligations and covenants under this Indenture Indenture, the Securities and the NotesCoupons. ARTICLE NINE

Appears in 1 contract

Samples: Old Kent Financial Corp /Mi/

Successor Person Substituted for Company. Upon any consolidation or merger or any conveyance, transfer or lease of all or substantially all the properties and assets of the Company substantially as an entirety to any Person in accordance with Section 801, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or 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, except in the case of a lease to another Person, the predecessor Person shall be released from all obligations and covenants under this Indenture Indenture, the Securities and the NotesCoupons. ARTICLE NINE

Appears in 1 contract

Samples: Senior Indenture (Capital One Financial Corp)

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Successor Person Substituted for Company. Upon any consolidation or merger or any conveyance, transfer or lease of all or substantially all the properties and assets of the Company substantially as an entirety to any Person in accordance with Section 801, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, transfer or 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, except in the case of a lease to another Person, the predecessor Person shall be released from all obligations and covenants under this Indenture Indenture, and the Notes. ARTICLE NINESecurities.

Appears in 1 contract

Samples: Indenture (Advanta Corp)

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