Common use of Transfer of Assets and Liabilities Clause in Contracts

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 12 contracts

Samples: Agreement and Plan of Merger (Abci Holdings Inc), Agreement and Plan of Merger (Cahaba Pharmaceuticals, Inc.), Agreement and Plan of Merger (Abci Holdings Inc)

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Transfer of Assets and Liabilities. On the Effective Date, (i) the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and (ii) all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, account and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and (iii) all property, rights, privileges, powers and franchises, and as well as all and every other interestinterests, shall be thereafter as effectively the property of the Surviving Corporation as they were of the Constituent Corporations, Corporations before the Effective Date; and (iv) the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert to either of the Constituent Corporations or be in any way impaired by reason of the Merger; provided. Notwithstanding the foregoing, however, that (i) the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and by the Merger; (ii) all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, unimpaired notwithstanding the Merger; and (iii) any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place except as they place; provided, however, that the claims and rights of the creditors of either or both of the Constituent Corporations may be modified with the consent of such creditors and creditors; and, provided further, that all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, Corporation and accordingly may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 4 contracts

Samples: Agreement and Plan of Merger (Interplay Entertainment Corp), Agreement and Plan of Merger (Computer Motion Inc), Form of Agreement (Interplay Entertainment Corp)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations Parties shall be vested in and possessed by the Surviving CorporationNevada DFRC, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent CorporationsParties; and all and singular rights, privileges, powers and franchises of each of the Constituent CorporationsParties, and all property, real, personal and mixed, of each of the Constituent CorporationsParties, and all debts due to each of the Constituent Corporations Parties on whatever account, and all things in action or belonging to each of the Constituent Corporations Parties shall be transferred to and vested in the Surviving Corporation; Nevada DFRC and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation Nevada DFRC as they were of the Constituent CorporationsParties, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations Parties shall not revert or be in any way impaired by reason of the Mergerthis Plan of Exchange; provided, however, that the liabilities of the Constituent Corporations Parties and of their shareholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations he Parties shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations Parties may be prosecuted to judgment as if the Merger Plan of Exchange had not taken place place, except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations Parties shall attach to the Surviving CorporationNevada DFRC, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by itNevada DXXX.

Appears in 3 contracts

Samples: Plan of Exchange (Diversified Financial Resources Corp), Plan of Exchange (Diversified Financial Resources Corp), Plan of Exchange (Diversified Financial Resources Corp)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment judgments as if the Merger had not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Navidec Inc), Stock Exchange Agreement (Horizontal Ventures Inc), Stock Exchange Agreement (Horizontal Ventures Inc)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging 2 to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Il Fornaio America Corp), Agreement and Plan of Merger (Il Fornaio America Corp)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchisespowers, both of a public as well as of and a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, and powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers privileges and franchisespowers, and all and every other interest, thereafter shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholdersrespective stockholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place been consummated, except as they may be modified with the consent of such creditors creditors, and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 2 contracts

Samples: Plan and Agreement of Merger (Vx Technologies Inc), Plan and Agreement of Merger (Chaparral Resources Inc)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.1

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Adobe Systems Inc), Agreement and Plan of Merger (Inhale Therapeutic Systems Inc)

Transfer of Assets and Liabilities. On the Effective Date, Date (i) the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and (ii) all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and (iii) all property, rights, privileges, powers and franchises, and all and every other interest, thereafter shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place been consummated, except as they may be modified with the consent of such creditors creditors, and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Electric Network Com Inc), Agreement and Plan of Merger (9278 Communications Inc)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Parent and the Subsidiary (collectively, the “Constituent Corporations Corporations”) shall be vested in and possessed by the Surviving CorporationParent, subject to all of the disabilitiesliabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving CorporationParent; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation Parent as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpairedor repaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment judgments as if the Merger had not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving CorporationParent, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 2 contracts

Samples: Agreement and Plan (Eurocan Holdings Ltd.), Agreement and Plan (Sunrise Global Inc.)

Transfer of Assets and Liabilities. On the Effective Date, (i) the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and (ii) all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, account and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and (iii) all property, rights, privileges, powers and franchises, and as well as all and every other interestinterests, shall be thereafter as effectively the property of the Surviving Corporation as they were of the Constituent Corporations, Corporations before the Effective Date; and (iv) the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way be impaired by reason of the Merger; provided. Notwithstanding the foregoing, however, that (i) the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and by the Merger; (ii) all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, unimpaired notwithstanding the Merger; and (iii) any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place except as they place; provided, however, that the claims and rights of the creditors of either or both of the Constituent Corporations may be modified with the consent of such creditors and creditors; and, provided further, that all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, Corporation and accordingly may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Micro Therapeutics Inc)

Transfer of Assets and Liabilities. On At the Effective DateTime, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations Entities shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent CorporationsEntities; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, Entities; and all property, real, personal and mixed, of each of the Constituent CorporationsEntities, and all debts due to each of the Constituent Corporations Entities on whatever account, and all things in action or belonging to each of the Constituent Corporations Entities shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the MergerEntities; provided, however, that the liabilities of the Constituent Corporations Entities and of their shareholders, interest holders, members, managers, directors and officers shall not be affected effected and all rights of creditors and all liens upon any property of either of the Constituent Corporations Entities shall be preserved unimpairedpreserved, unimpaired and any claim claims existing or action or proceeding pending by or against either of the Constituent Corporations Entities may be prosecuted to judgment as if the Merger had not taken place place, except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations Entities shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Investors Focus Inc)

Transfer of Assets and Liabilities. 5.1 On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter as effectually the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place except as they may be modified with the consent of such creditors creditors, and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (RICHFIELD OIL & GAS Co)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, thereafter shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place been consummated, except as they may be modified with the consent of such creditors creditors, and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Younetwork Corp)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations Parties shall be vested in and possessed by the Surviving CorporationNevada DFRC, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent CorporationsParties; and all and singular rights, privileges, powers and franchises of each of the Constituent CorporationsParties, and all property, real, personal and mixed, of each of the Constituent CorporationsParties, and all debts due to each of the Constituent Corporations Parties on whatever account, and all things in action or belonging to each of the Constituent Corporations Parties shall be transferred to and vested in the Surviving Corporation; Nevada DFRC and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation Nevada DFRC as they were of the Constituent CorporationsParties, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations Parties shall not revert or be in any way impaired by reason of the Mergerthis Plan of Exchange; provided, however, that the liabilities of the Constituent Corporations Parties and of their shareholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations he Parties shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations Parties may be prosecuted to judgment as if the Merger Plan of Exchange had not taken place place, except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations Parties shall attach to the Surviving CorporationNevada DFRC, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by itNevada XXXX.

Appears in 1 contract

Samples: Plan of Exchange (Diversified Financial Resources Corp)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers powers, property and franchises, both of a public as well as of a private nature, of each franchises and all other interests of the Constituent Corporations shall be transferred to, vested in and possessed by the Surviving Corporation, subject to all of the disabilitiesliabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all . All property, rights, privileges, powers and franchises, and all and every other interest, interest shall thereafter be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the all title to any real estate property vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholders, the officers and directors and officers shall not be affected affected, and all rights of creditors creditors, and all liens upon any property of either of the Constituent Corporations Corporations, shall be preserved unimpaired, and any claim existing or claim, action or proceeding existing, or pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the such Merger had not taken place except as they may be modified with the consent of such creditors creditors, and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debtsdebt, liabilities and duties had been incurred or contracted by itthe Surviving Corporation.

Appears in 1 contract

Samples: Asset Contribution and Reorganization Agreement (Express Scripts Inc)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; , and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment judgments as if the Merger had not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, debts liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Delsoft Consulting Inc)

Transfer of Assets and Liabilities. On the Effective Date, the separate existence of iChargeit-Texas shall cease. iChargeit-Texas shall be merged with and into iChargeit-Delaware, the Surviving Corporation, in accordance with the provisions of this Agreement. Thereafter, iChargeit-Delaware shall possess all the rights, privileges, powers and franchises, both franchises of a public as well as of a private nature, nature of each of the Constituent Corporations Corporations, and shall be vested in and possessed by the Surviving Corporation, subject to all the restrictions, disabilities and duties of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent CorporationsiChargeit-Texas and iChargeit-Delaware, and all property, real, personal and mixed, of each of the Constituent Corporations, mixed and all debts due to each of the Constituent Corporations them on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving CorporationiChargeit-Delaware; and all property, rights, privileges, powers and franchises, and all and every other interest, interest of each of the Constituent Corporations shall be thereafter as effectively the property of iChargeit-Delaware, the Surviving Corporation Corporation, as they were of each of the Constituent Corporations, and the title to any real estate vested estate, whether by deed or otherwise otherwise, vested in iChargeit-Texas and iChargeit-Delaware, or either of the Constituent Corporations them, shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholders, directors and officers shall not be affected and but all rights of creditors and all liens upon any the property of either each of the Constituent Corporations Corporations, shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations iChargeit-Texas, shall thenceforth attach to the Surviving CorporationiChargeit-Delaware, and may be enforced against it to the same extent as if such said debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ichargeit Inc)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilitiesliabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpairedor repaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment judgments as if the Merger had not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Gateway Distributors LTD)

Transfer of Assets and Liabilities. On the Effective Date, the ---------------------------------- rights, privileges, powers powers, property and franchises, both of a public as well as of a private nature, of each franchises and all other interests of the Constituent Corporations shall be transferred to, vested in and possessed by the Surviving Corporation, subject to all of the disabilitiesliabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all . All property, rights, privileges, powers and franchises, and all and every other interest, interest shall thereafter be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the all title to any real estate property vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent -------- ------- Corporations and of their shareholders, the officers and directors and officers shall not be affected affected, and all rights of creditors creditors, and all liens upon any property of either of the Constituent Corporations Corporations, shall be preserved unimpaired, and any claim existing or claim, action or proceeding existing, or pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the such Merger had not taken place except as they may be modified with the consent of such creditors creditors, and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debtsdebt, liabilities and duties had been incurred or contracted by itthe Surviving Corporation.

Appears in 1 contract

Samples: Contribution and Reorganization Agreement (Planetrx Com)

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Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, ; and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (BBC Graphics of Palm Beach Inc)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, ; and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place except as they may be modified with the consent of such creditors creditors, and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement of Merger (Worldcast Interactive Inc)

Transfer of Assets and Liabilities. On the Effective Datedate, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, thereafter shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and all rights of and creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing exiting or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to the judgment as if the Merger had not taken place been consummated, except as they may be modified with the consent of such creditors creditors, and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Inamco International Corp)

Transfer of Assets and Liabilities. 5.1 On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter as effectually the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholders, directors directors, and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place except as they may be modified with the consent of such creditors creditors, and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Touchstone Software Corp /Ca/)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment judgments as if the Merger had bad not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan Of (Electric City Corp)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, account and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Plan of Merger and Share Exchange Agreement (Green Endeavors, Ltd.)

Transfer of Assets and Liabilities. On At the Effective DateTime, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Dot Hill Systems Corp)

Transfer of Assets and Liabilities. On the Effective DateDate retroactive to June 30, 1997, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment judgments as if the Merger had not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Navidec Inc)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilitiesliabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpairedor repaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment judgments as if the Merger had not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Virtual Telecom Inc)

Transfer of Assets and Liabilities. On the Effective Datedate, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be stay vested in and possessed by each of the Surviving CorporationConstituent Corporations, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and stay vested in each of the Surviving CorporationConstituent Corporations; and all property, rights, privileges, powers and franchises, and all and every other interest, thereafter shall be thereafter stay the property of each of the Surviving Corporation Constituent Corporations as they were prior to the acquisition of the Constituent CorporationsAdvanced by Inamco, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Mergerthis Acquisition; provided, however, that the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and all rights of and creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing exiting or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to the judgment as if the Merger Acquisition had not taken place been consummated, except as they may be modified with the consent of such creditors creditors, and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Parent Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Acquisition (Inamco International Corp)

Transfer of Assets and Liabilities. On the Effective Datedate, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be stay vested in and possessed by each of the Surviving CorporationConstituent Corporations, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and stay vested in each of the Surviving CorporationConstituent Corporations; and all property, rights, privileges, powers and franchises, and all and every other interest, thereafter shall be thereafter stay the property of each of the Surviving Corporation Constituent Corporations as they were prior to the acquisition of the Constituent CorporationsMedicos by Inamco, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Mergerthis Acquisition; provided, however, that the liabilities of the Constituent Corporations and of their shareholdersstockholders, directors and officers shall not be affected and all rights of and creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing exiting or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to the judgment as if the Merger Acquisition had not taken place been consummated, except as they may be modified with the consent of such creditors creditors, and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Parent Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Acquisition (Inamco International Corp)

Transfer of Assets and Liabilities. On the Effective Date, the rights, privileges, powers and franchises, both of a public as well as of a private nature, of each of the Constituent Corporations shall be vested in and possessed by the Surviving Corporation, subject to all of the disabilities, duties and restrictions of or upon each of the Constituent Corporations; and all and singular rights, privileges, powers and franchises of each of the Constituent Corporations, and all property, real, personal and mixed, of each of the Constituent Corporations, and all debts due to each of the Constituent Corporations on whatever account, and all things in action or belonging to each of the Constituent Corporations shall be transferred to and vested in the Surviving Corporation; and all property, rights, privileges, powers and franchises, and all and every other interest, shall be thereafter the property of the Surviving Corporation as they were of the Constituent Corporations, and the title to any real estate vested by deed or otherwise in either of the Constituent Corporations shall not revert or be in any way impaired by reason of the Merger; provided, however, that the liabilities of the Constituent Corporations and of their shareholders, directors and officers shall not be affected and all rights of creditors and all liens upon any property of either of the Constituent Corporations shall be preserved unimpaired, and any claim existing or action or proceeding pending by or against either of the Constituent Corporations may be prosecuted to judgment as if the Merger had not taken place except as they may be modified with the consent of such creditors and all debts, liabilities and duties of or upon each of the Constituent Corporations shall attach to the Surviving Corporation, and may be enforced against it to the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Velocity Express Corp)

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