Common use of Assumption Agreement Clause in Contracts

Assumption Agreement. The Company will require any successor (whether direct or indirect, by purchase, merger consolidation or otherwise) to all or substantially all of the business and assets of the Company expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it whether or not such succession had taken place.

Appears in 5 contracts

Samples: Severance Agreement (Merisel Inc /De/), Retention Agreement (Merisel Inc /De/), Severance Agreement (Merisel Inc /De/)

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Assumption Agreement. The Company will require any successor (whether direct or indirect, by purchase, merger consolidation or otherwise) to all or substantially all of the business and assets of the Company Company, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it whether or not such succession had taken place.

Appears in 5 contracts

Samples: Retention Agreement (Vertel Corp), Employment Agreement (Merisel Inc /De/), Retention Agreement (Merisel Inc /De/)

Assumption Agreement. The In the event of a Sale of the Company, the Company will require any successor (whether direct or indirect, by purchase, merger consolidation or otherwise) to all or substantially all of the business and assets of the Company Company, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it whether or not such succession had taken place.

Appears in 2 contracts

Samples: Employment Agreement (Merisel Inc /De/), Employment Agreement (Merisel Inc /De/)

Assumption Agreement. The Company will require any successor (whether direct or indirect, by purchase, merger consolidation or otherwise) to all or substantially all of the business and assets of the Company expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it whether or not such succession had taken place. 8.

Appears in 2 contracts

Samples: Form of Retention Agreement (Merisel Inc /De/), Form of Retention Agreement (Merisel Inc /De/)

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Assumption Agreement. The In the event of a Sale of the Company, the Company will require any successor (whether direct or indirect, by purchase, merger consolidation or otherwise) to all or substantially all of the business and assets of the Company Company, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it whether or not such succession had taken place.. -6-

Appears in 1 contract

Samples: Employment Agreement (Merisel Inc /De/)

Assumption Agreement. The Company will require any successor (whether direct or indirect, by purchase, merger consolidation or otherwise) to all or substantially all of the business and assets of the Company Company, expressly to assume and agree to perform both this Agreement and that certain Indemnity Agreement, dated as of August 1, 1994, between the Company and Associate, both in the same manner and to the same extent that the Company would be required to perform it such agreements whether or not such succession had taken place.

Appears in 1 contract

Samples: Retention Agreement (Merisel Inc /De/)

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