Examples of Surviving Party in a sentence
If any Party for any reason ceases as provided herein to be a Party at any time priorto termination of the Company (“Non-Surviving Party”), and the Company is continued without the Non-Surviving Party, the other Parties (“Surviving Party”) agree that the Documents of the Company up to the date of the termination of the Non-Surviving Party’s interest shall be maintained by the Surviving Party, its successors and assigns, for a period of not less than ten (10) years thereafter.
On the Effective Date, the Surviving Party shall succeed the Merging Party in the manner of and as more fully set forth in Massachusetts General Laws Chapter 156C.
A “Voting Agreement” is an agreement between the Passing Holder and the Surviving Party, whereby voting control of the Passing Interest is held by such Surviving Party.
The principal address of the Surviving Party is set forth above in the preamble.
Should either party not fully participate in future expenditures, its ownership interest shall be diluted and if one party is diluted to a 10% working interest, that party (“NSR Holder”) shall be granted a 1% NSR Royalty in respect of the Earn-In Properties, while the Surviving Party shall be granted a 100% undivided working interest.