Successor’s Obligations Sample Clauses

Successor’s Obligations. If Landlord in any way transfers its interest in the Premises, the security deposit may transfer to the transferee thereafter releasing Landlord from all liability for the return of the security deposit to Tenant(s). If such a transfer occurs, Tenant(s) agrees to look to the transferee solely for the return of the security deposit and to release Landlord from all obligations and liability relating thereto.
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Successor’s Obligations. Provider will require any prospective successor to its interest to assume liability for any amounts for which Provider is indebted to BCBSM. Assumption of liability shall be a condition for approval of any successor as a participating provider. Assumption of liability shall not release Provider from the indebtedness unless an agreement to that effect is entered into between BCBSM, Provider, and any prospective successor, or if the successor is a participating provider and expressly agrees to assume Provider's liabilities to BCBSM or BCBS.
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Successor’s Obligations. Facility will require any prospective successor to its interest to assume liability for any amounts for which Facility is indebted to BCBSM. Such assumption of liability shall be a condition, but not a guarantee for approval of any such successor as a participating provider. Such assumption of liability shall not release Facility from the indebtedness unless an agreement to that effect is entered into between BCBSM, the Facility, and any prospective successor, or the successor is a participating provider and expressly agrees to assume Xxxxxxxx's liabilities to BCBSM.
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Successor’s Obligations. It is agreed that all rights, remedies and liabilities hereunder given to or imposed upon either of the parties hereto, shall extend to their respective heirs, successors, executors, administrators and assigns. This provision shall not be deemed to grant TENANT any right to assign this Lease or to sublet the Premises, except as set forth in Section 7 above. TENANT acknowledges LANDLORD might not be, now or in the future, the owner of the fee interest in the Premises, Building, and/or Land. The Term "LANDLORD" as used in this Lease is hereby defined to be only the then current owner or mortgagee in possession of the Premises. In the event of any sale or sales by the then current LANDLORD hereunder to any party then, from and after the closing of such sale or Lease transaction, the Landlord whose interest is thus sold or leased shall be and hereby is completely released and forever discharged from and of all covenants, obligations and liabilities of LANDLORD hereunder thereafter accruing.
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Successor’s Obligations. 4.1 The Successor warrants and represents that the Successor has good right and full power to assign the rights assigned in the manner aforesaid to the Company, and that the musical works in respect of which the Rights Assigned are hereby assigned or purported to be assigned do not or will not as the case may be infringe the copyright in any other work.
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Successor’s Obligations. This Agreement and the rights and obligations of the parties hereunder shall inure to the benefit of, and be binding upon, their respective successors, assigns and legal representatives. The rights of Sellers under this Agreement may be assigned only to a transferee or assignee which (a) is a subsidiary, affiliate, parent, general partner, limited partner, or member of a Seller, or (b) acquires at least one hundred fifty thousand (150,000) Preferred Shares or Holdings Common Stock.
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Successor’s Obligations. By written contract, Facility will bind any successor, or prospective successor to its interest, to assume liability for any amounts for which Facility is indebted to BCBSM. Such contractual assumption of liability shall be a condition, but not a guarantee, of approval of any such successor as a network facility. Such assumption of liability shall not release Facility from the indebtedness unless an agreement to that effect is entered into between BCBSM, Facility, and the successor, or unless the successor is already a network facility and has agreed in writing to assume Xxxxxxxx's liabilities to BCBSM.
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Successor’s Obligations. The grants, covenants, provisos and claims, rights, powers, privileges and liabilities obtained in the contract documents shall be read and held as made by and with, and granted to an imposed upon, the Contractor and the Owner and their respective heir, executors, administrations, successors and assigns.
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Successor’s Obligations. Subject to exclusion, exceptions and restrictions expressly set forth in this Agreement, after changing the control of any Buyer's Party, the surviving acquiring entity, or successor (APPLICABLE SUCCESSORS OF THE BUYER), and such Buyer's Party agrees to force such party to agree in writing (whether within the framework of the acquisition agreement with the Buyer's Party, which provides that the Criminal Code is the beneficiary of a third party or in a separate agreement) to assume this Agreement and be obliged, in relation to itself and its Affiliates, 3.3
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Related to Successor’s Obligations

  • Licensors Obligations 4.5.1. Xxxxx the Licensee the right to use the intellectual property (the Service) as in the Agreement. Ensure 24/7 availability of the Service, apart from preventive maintenance time.

  • LESSOR'S OBLIGATIONS Subject to the provisions of Paragraphs 2.2 (Condition), 2.3 (Compliance), 9 (Damage or Destruction) and 14 (Condemnation), it is intended by the Parties hereto that Lessor have no obligation, in any manner whatsoever, to repair and maintain the Premises, or the equipment therein, all of which obligations are intended to be that of the Lessee. It is the intention of the Parties that the terms of this Lease govern the respective obligations of the Parties as to maintenance and repair of the Premises, and they expressly waive the benefit of any statute now or hereafter in effect to the extent it is inconsistent with the terms of this Lease.

  • Vendor’s Obligations Vendor shall incur no further obligations in connection with the terminated work and on the date set in the notice of termination Vendor will stop work to the extent specified. Vendor shall also terminate outstanding orders and subcontracts as they relate to the terminated work. Vendor shall settle the liabilities and claims arising out of the termination of subcontracts and orders connected with the terminated work. The MTC or designee may direct Vendor to assign Vendor’s right, title, and interest under terminated orders or subcontracts to the MTC. Vendor must still complete the work not terminated by the notice of termination and may incur obligations as are necessary to do so.

  • Contractor’s Obligations The Contractor shall fully and timely provide all deliverables described in the Solicitation and in the Contractor’s Offer in strict accordance with the terms, covenants, and conditions of the Contract and all applicable Federal, State, and local laws, rules, and regulations.

  • CUSTOMER'S OBLIGATIONS 8.1 The Customer shall:

  • Pledgor's Obligations Not Affected The obligations of Pledgor hereunder shall remain in full force and effect without regard to, and shall not be impaired by: (a) any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of Pledgee; (b) any exercise or nonexercise, or any waiver, by Pledgee of any right, remedy, power or privilege under or in respect of the Obligations or any of any security therefor (including this Agreement); (c) any amendment to or modification of any instrument (other than this Agreement) securing any of the Obligations; or (d) the taking of additional security for, or any guaranty of, any of the Obligations or the release or discharge or termination of any security or guaranty for any of the Obligations; whether or not Pledgor shall have notice or knowledge of any of the foregoing.

  • Conditions of the Company’s Obligations The obligations of the Company to the Purchaser under this Agreement are subject to the fulfillment, on or before each Closing Date, of each of the following conditions:

  • Owners’ Obligations 5.1 The Owners shall pay all sums due to the Managers punctually in accordance with the terms of this Agreement.

  • Managers’ Obligations 4.1 The Managers undertake to use their best endeavours to provide the agreed Management Services as agents for and on behalf of the Owners in accordance with sound ship management practice and to protect and promote the interests of the Owners in all matters relating to the provision of services hereunder. Provided, however, that the Managers in the performance of their management responsibilities under this Agreement shall be entitled to have regard to their overall responsibility in relation to all vessels as may from time to time be entrusted to their management and in particular, but without prejudice to the generality of the foregoing, the Managers shall be entitled to allocate available supplies, manpower and services in such manner as in the prevailing circumstances the Managers in their absolute discretion consider to be fair and reasonable.

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