Common use of Successor Entity Clause in Contracts

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

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

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

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