Common use of Successor Entity Substituted Clause in Contracts

Successor Entity Substituted. At the effective time of any Business Combination Event that complies with Section 6.01, the Successor Entity (if not the Company) will succeed to, and may exercise every right and power of, the Company under this Indenture and the Notes with the same effect as if such Successor Entity had been named as the Company in this Indenture and the Notes, and, except in the case of a lease, the predecessor Company will be discharged from its obligations under this Indenture and the Notes.

Appears in 43 contracts

Samples: Indenture (Peloton Interactive, Inc.), Indenture (Cardlytics, Inc.), Indenture (Progress Software Corp /Ma)

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Successor Entity Substituted. At the effective time of any Business Combination Event that complies with Section 6.01, the Successor Entity (if not the Company) will succeed to, and may exercise every right and power of, the Company under this the Indenture and the Notes with the same effect as if such Successor Entity had been named as the Company in this the Indenture and the Notes, and, except in the case of a lease, the predecessor Company will be discharged from its obligations under this the Indenture and the Notes.

Appears in 4 contracts

Samples: Indenture (Nikola Corp), Supplemental Indenture (Cheesecake Factory Inc), First Supplemental Indenture (Centennial Resource Development, Inc.)

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Successor Entity Substituted. At the effective time of any Business Combination Event that complies with Section 6.01, the Successor Entity (if not the Company) will succeed to, and may exercise every right and power of, the Company under this Indenture and the Notes with the same effect as if such Successor Entity had been named as the Company in this Indenture and the Notes, and, except in the case of a lease, the predecessor Company will be discharged from its obligations under this Indenture and the Notes. Section 6.03.

Appears in 1 contract

Samples: Peabody Energy Corp

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