Once the companies are merged, the creditor's rights and debtor's liabilities of the merged companies shall be assumed by the surviving company or the newly formed company after merger.

公司合并时，合并各方的债权、债务，应当由合并后存续的公司或者新设的公司承继。

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Article 23 the surviving company after the merger or the newly established company shall take over all the credits and debts of the company that has been dissolved because of the merger.

第二十三条合并后存续的公司或者新设的公司全部承继因合并而解散的公司的债权、债务。

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Article 75 Rights and obligations of a company ceasing to exist after consolidation or merger shall be assumed by the surviving or new company.

第75条因合并而消灭之公司，其权利义务，应由合并后存续或另立之公司承受。

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Sirius, as the surviving company, almost went bust anyway due to bad decisions by Mel and his sidekick, CFO David Frear.

FORBES: Ask Not What Karmazin Did For Sirius. Ask Instead What Sirius Did For Mel

The complex deal, which has been approved by the boards of both companies, is structured as a recapitalization of MetroPCS, which will be the surviving company, keep its stock listing, but take on the T-Mobile name.

FORBES: MetroPCS Agrees To Deal With T-Mobile In Reverse Merger

Meaningful action on sustainability means the actions that will make the difference between a company surviving and growing into the future or it failing through a challenged licence to operate, dwindling markets, a deteriorating resource base or a crumbling society.

ECONOMIST: The Opposition's closing statement