Successors and Assigns of Issuer Bound by Indenture. The Issuer shall have the right at all times to assign any of its rights and obligations under this Indenture to a direct or indirect wholly-owned Subsidiary, provided that, in the event of any such assignment, the Issuer will remain liable for all such obligations. All the covenants, stipulations, promises and agreements in this Indenture contained by or in behalf of the Issuer shall bind its successors and assigns, whether so expressed or not.
Appears in 3 contracts
Sources: Senior Subordinated Indenture (Hawaiian Electric Industries Inc), Senior Subordinated Indenture (Hei Preferred Funding L P), Senior Indenture (Hei Preferred Funding L P)