Common use of Successor Person Substituted for Company Clause in Contracts

Successor Person Substituted for Company. In the case of any such consolidation, sale, lease, conveyance or merger in which the Company is not the continuing entity and upon execution and delivery by the successor Person of the supplemental indenture described in Section 801, such successor Person shall succeed to, and be substituted for, the Company 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 the predecessor Company shall be automatically released and discharged from all obligations and covenants under this Indenture, the Securities and the Coupons. ARTICLE NINE

Appears in 7 contracts

Samples: Indenture (KKR Financial Holdings LLC), Annaly Capital Management Inc, Indenture (KKR Financial Holdings LLC)

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Successor Person Substituted for Company. In the case of any such merger, consolidation, sale, assignment, transfer, lease, conveyance or merger other disposition in which the Company is not the continuing entity and upon execution and delivery by the successor Person of the supplemental indenture described in Section 801, such successor Person shall succeed to, and be substituted for, the Company 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 the predecessor Company shall be automatically released and discharged from all obligations and covenants under this Indenture, the Securities and the Coupons. ARTICLE NINE

Appears in 2 contracts

Samples: Indenture (Brandwein a & Co), Indenture (Brandwein a & Co)

Successor Person Substituted for Company. In the case of any such merger, consolidation, sale, assignment, transfer, lease, conveyance or merger other disposition in which the Company is not the continuing entity and upon execution and delivery by the successor Person of the supplemental indenture described in Section 801, such successor Person shall succeed to, and be substituted for, the Company 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 the predecessor Company shall be automatically released and discharged from all obligations and covenants under this Indenture, the Securities and the Coupons. ARTICLE NINE.

Appears in 1 contract

Samples: Indenture (Sealy Corp)

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Successor Person Substituted for Company. In the case of any such consolidation, sale, lease, conveyance or merger in which the Company is not the continuing entity and upon execution and delivery by the successor Person of the supplemental indenture described in Section 801, such successor Person shall succeed to, and be substituted for, the Company 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 the predecessor Company shall be automatically released and discharged from all obligations and covenants under this Indenture, the Securities and the Coupons. ARTICLE NINE.

Appears in 1 contract

Samples: Indenture (KKR Financial Holdings IV, LLC)

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