Common use of The Surviving Entity Clause in Contracts

The Surviving Entity. Subject to the terms and conditions of this Agreement, at the Effective Time, Merger Sub shall merge with and into MLP, the separate existence of Merger Sub shall cease and MLP shall survive and continue to exist as a Delaware limited partnership (MLP, as the surviving limited partnership in the Merger, sometimes being referred to herein as the “Surviving Entity”), such that following the Merger, Buyer shall be the sole limited partner of MLP and New General Partner shall be the sole general partner of MLP.

The Surviving Entity. Subject to the terms and conditions of this Agreement, at the Effective Time, Merger Sub MergerCo shall merge with and into MLP, the separate existence of Merger Sub MergerCo shall cease cease, and MLP shall survive and continue to exist as a Delaware limited partnership (MLP, as the surviving limited partnership entity in the Merger, sometimes being referred to herein as the “Surviving Entity”), such that that, immediately following the Merger, Buyer shall be the sole limited partner of MLP and New General Partner shall GP will continue to be the sole general partner of MLP, and PAA will be the sole limited partner of MLP.

The Surviving Entity. Subject to the terms and conditions of this Agreement, at the Effective Time, Merger Sub MergerCo shall merge with and into MLP, the separate existence of Merger Sub MergerCo shall cease cease, and MLP shall survive and continue to exist as a Delaware limited partnership (MLP, as the surviving limited partnership entity in the Merger, sometimes being referred to herein as the “Surviving Entity”), such that that, following the Merger, Buyer shall be the sole limited partner of MLP and New General Partner shall GP will continue to be the sole general partner of MLP, and PNR USA will be the sole limited partner of MLP.