Common use of Dissolution of Issuer Clause in Contracts

Dissolution of Issuer. In the event of the dissolution of the Issuer, all the covenants, stipulations, promises and agreements in this Indenture contained, by or on behalf of, or for the benefit of, the Issuer, shall bind or inure to the benefit of the successors of the Issuer from time to time and any officer, board, commission, agency or instrumentality to whom or to which any power or duty of the Issuer shall be transferred.

Appears in 2 contracts

Sources: Indenture (Boardwalk Pipeline Partners, LP), Trust Indenture (Premier Finance Biloxi Corp)