Reorganization of the Company. The Company shall not merge or consolidate into or with another company, or reorganize, or sell substantially all of its assets to another company, firm, or person unless such succeeding or continuing company, firm, or person agrees to assume and discharge the obligations of the Company under this Agreement. Upon the occurrence of such event, the term "Company" as used in this Agreement shall be deemed to refer to the successor or survivor company.
Appears in 6 contracts
Samples: Agreement (Cb Bancshares Inc/Hi), Agreement (Cb Bancshares Inc/Hi), Agreement (Cb Bancshares Inc/Hi)
Reorganization of the Company. The Company shall not merge or consolidate into or with another company, or reorganize, or sell substantially all of its assets to another company, firm, or person unless such succeeding or continuing company, firm, or person agrees to assume and discharge the obligations of the Company under this Agreement. Upon the occurrence of such event, the term "βCompany" β as used in this Agreement shall be deemed to refer to the successor or survivor company.
Appears in 2 contracts
Samples: Agreement (Central Pacific Financial Corp), Agreement (Central Pacific Financial Corp)