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CYN » Topics » SECTION 1.9 Successors and Assigns .

These excerpts taken from the CYN 8-K filed Dec 8, 2009.

SECTION 9.1       SUCCESSORS AND ASSIGNS.

 

All guarantees and agreements contained in this Guarantee shall bind the successors, assigns, receivers, trustees and representatives of the Guarantor and shall inure to the benefit of the Holders of the Securities then

 

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outstanding.  Except in connection with a consolidation, merger or sale involving the Guarantor that is permitted under Article VIII of the Indenture and pursuant to which the successor or assignee agrees in writing to perform the Guarantor’s obligations hereunder, the Guarantor shall not assign its obligations hereunder.

 

SECTION 1.9       Successors and Assigns.

 

All covenants and agreements in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not.

 

EXCERPTS ON THIS PAGE:

8-K (2 sections)
Dec 8, 2009

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