Common use of Successor Entity Clause in Contracts

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and the Indenture and immediately before and thereafter no Default exists and certain other conditions are satisfied, the predecessor corporation will be released from those obligations.

Appears in 35 contracts

Sources: Indenture (Federal Mogul Corp), Indenture (Archivex LTD), Indenture (United Industries Corp)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes Securities and the Indenture in accordance with the terms and immediately before and thereafter no Default exists and certain other conditions are satisfiedof the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) shall be released from those obligations.

Appears in 26 contracts

Sources: Second Supplemental Indenture (DHT Holdings, Inc.), First Supplemental Indenture (DHT Holdings, Inc.), First Supplemental Indenture (DHT Holdings, Inc.)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Senior Notes and the Indenture and immediately before and thereafter no Default exists and certain other conditions are satisfied, the predecessor corporation will be released from those obligations.

Appears in 15 contracts

Sources: Indenture (Superior Essex Inc), Indenture (Superior Telecommunications Inc), Indenture (Essex Group Inc)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and the Indenture in accordance with the terms and immediately before and thereafter no Default exists and certain other conditions are satisfiedof the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) be released from those obligations.

Appears in 13 contracts

Sources: Indenture (Iac/Interactivecorp), Indenture (Symantec Corp), Indenture (Americredit Corp)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and the Indenture in accordance with the terms and immediately before and thereafter no Default exists and certain other conditions are satisfiedof the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) shall be released from those obligations.

Appears in 12 contracts

Sources: Indenture (Bausch Health Companies Inc.), Indenture (Bausch Health Companies Inc.), Indenture (Biomarin Pharmaceutical Inc)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes Securities and the Indenture in accordance with the terms and immediately before and thereafter no Default exists and certain other conditions are satisfiedof the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) be released from those obligations.

Appears in 4 contracts

Sources: Purchase Agreement (Lexar Media Inc), Indenture (Mgi Pharma Inc), Indenture (Thoratec Corp)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes Securities and the Indenture and immediately before and thereafter no Default exists and certain other conditions are satisfied, the predecessor corporation will be released from those obligations.

Appears in 3 contracts

Sources: Indenture (Samsonite Corp/Fl), Indenture (Samsonite Corp/Fl), Indenture (Fairfield Manufacturing Co Inc)

Successor Entity. When a successor corporation or other entity assumes all the obligations of its predecessor under the Notes and the Indenture and immediately before and thereafter no Default exists and certain other conditions are satisfied, the predecessor corporation or entity will be released from those obligations.

Appears in 3 contracts

Sources: Indenture (Petro Distributing, Inc.), Indenture (Petro, Inc.), Note Agreement (Petro Stopping Centers L P)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and the Indenture in accordance with the terms and immediately before and thereafter no Default exists and certain other conditions are satisfiedof the Indenture, the predecessor corporation will (except in certain circumstances specified in the Indenture) shall be released discharged from those obligations.

Appears in 2 contracts

Sources: Indenture (Symantec Corp), Indenture (Veritas Software Corp /De/)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and the Indenture Purchase Agreement in accordance with the terms and immediately before and thereafter no Default exists and certain other conditions are satisfiedof the Purchase Agreement, the predecessor corporation will (except in certain circumstances specified in the Purchase Agreement) shall be released from those obligations.

Appears in 1 contract

Sources: 10% Senior Secured Convertible Note (MoSys, Inc.)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and the A-6 122 Indenture and immediately before and thereafter no Default exists and certain other conditions are satisfied, the predecessor corporation will be released from those obligations.

Appears in 1 contract

Sources: Indenture (Outdoor Systems Inc)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and the Indenture and immediately before and thereafter no Event of Default or event, with the giving of notice or passage of time or both, would constitute an Event of Default, exists and certain other conditions are satisfied, the predecessor corporation will be released from those obligations.

Appears in 1 contract

Sources: Indenture (Submicron Systems Corp)

Successor Entity. When a successor corporation assumes all the obligations of its predecessor under the Notes and the Indenture and immediately before and thereafter no Default exists and certain other conditions are satisfied, the predecessor corporation (except as provided in the Indenture) will be released from those obligations.

Appears in 1 contract

Sources: Indenture (D&f Industries Inc)

Successor Entity. When a successor corporation assumes all the obligations obliga tions of its predecessor under the Notes and the Indenture and immediately before and thereafter no Default exists and certain other conditions are satisfied, the predecessor corporation will be released from those obligations.

Appears in 1 contract

Sources: Indenture (International Shipholding Corp)